AUDUSD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:10 pm
AUDUSD remains in downtrend from 1.0582, the rise from 1.0220 is treated as consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, another fall towards...

GBPUSD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:09 pm
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4831. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be...

EURUSD Analysis – May 5, 2013

by ForexCycle.com | May 5, 2013 1:07 pm
EURUSD stays in a trading range between 1.2955 and 1.3242. As long as 1.2955 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2747, another rise towards 1.3500 could be...

USDCAD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:25 am
USDCAD remains in downtrend from 1.0341, the rise from 1.0083 is likely correction of the downtrend. Further decline could be expected next week, and next target would be at 1.0000. Key resistance is at 1.0293, only break...

USDCHF Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:24 am
USDCHF remains in downtrend from 0.9567, the rise from 0.9206 is likely correction of the downtrend. As long as 0.9567 key resistance holds, the downtrend could be expected to resume, and anther fall towards 0.9000 is still...

USDJPY Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:24 am
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the price action in the trading range between 95.82 and 99.94 is treated as consolidation of the uptrend. Support is now at 95.82, as long as this...

AUDUSD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:23 am
AUDUSD is in downtrend from 1.0582, the rise from 1.0220 is likely consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, and another fall towards...

GBPUSD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:22 am
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.4831, and the rise extends to as high as 1.5498. Further rise could be expected next week, and next target would be...

EURUSD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:21 am
EURUSD is in uptrend from 1.2747, the fall from 1.3200 is treated as consolidation of the uptrend. Initial support is at 1.2900, as long as this level holds, the uptrend could be expected to resume, and another...

USDCAD Analysis – April 21, 2013

by ForexCycle.com | April 21, 2013 3:52 am
USDCAD broke above the downward trend line on daily chart, suggesting that the downward movement from 1.0341 had completed at 1.0083 already. Further rise to test 1.0341 resistance is possible, a break above this level will indicate...