USDCHF Analysis – March 23, 2013
USDCHF breaks below the upward trend line on daily chart, suggesting that a cycle top is being formed at 0.9567. Further decline would likely be seen next week, and next target would be at 0.9250 area.
Author: ForexCycle.com
USDJPY Analysis – March 23, 2013
USDJPY may be forming a cycle top at 96.70 on daily chart. Pullback to 92.00 – 93.00 area would likely be seen next week. However, the fall from 96.70 would possibly be consolidation of the uptrend from...
AUDUSD Analysis – March 23, 2013
AUDUSD is now in uptrend from 1.0115. Support is at 1.0340, as long as this level holds, further rise could be expected next week, and next target would be at 1.0600 area, only break below 1.0340 support...
GBPUSD Analysis – March 23, 2013
GBPUSD is facing the resistance of the downward trend line on daily chart, a clear break above the trend line resistance will indicate that the downtrend from 1.6339 had completed at 1.4831 already, then the following upward...
EURUSD Analysis – March 23, 2013
EURUSD remains in downtrend from 1.3711, the rise from 1.2843 is likely consolidation of the downtrend. Another fall to 1.2750 area would likely be seen next week. Key resistance is now at 1.3100, only break above this...
USDCAD Analysis – March 17, 2013
USDCAD is facing the support of the lower line of the upward price channel on daily chart. As long as the channel support holds, the fall from 1.0341 could be treated as consolidation of the uptrend from...
USDCHF Analysis – March 17, 2013
USDCHF is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the fall from 0.9567 could be treated as consolidation of the uptrend from 0.9021, another rise...
USDJPY Analysis – March 17, 2013
USDJPY’s upward movement from 77.14 extends to as high as 96.70. Further rise is still possible after consolidation, and next target would be at 98.50 area. Support is at 93.00, only break below this level could signal...
AUDUSD Analysis – March 17, 2013
AUDUSD breaks above 1.0400 key resistance and reaches as high as 1.0413, suggesting that the downtrend from 1.0597 had completed at 1.0115 already. Further rise could be seen over the next several days, and next target would...
GBPUSD Analysis – March 17, 2013
GBPUSD remains in downtrend from 1.6339, the rise from 1.4831 would possibly be consolidation of the downtrend. Key resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the...