USDCHF Analysis – February 9, 2013
USDCHF has formed a cycle bottom at 0.9021 on daily chart. Further rally would likely be seen next week, and the target would be at the downward trend line.
Author: ForexCycle.com
USDJPY Analysis – February 9, 2013
USDJPY’s upward movement from 77.14 extends to as high as 94.05. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue,...
AUDUSD Analysis – February 9, 2013
AUDUSD’s downward movement from 1.0597 extends to as low as 1.0254. Further decline is still possible next week, and next target would be at 1.0100 area. Resistance is at the downward trend line on daily chart, only...
GBPUSD Analysis – February 9, 2013
GBPUSD’s downward movement from 1.6339 extends to as low as 1.5630. Key resistance is at 1.5900, as long as this level holds, the downtrend could be expected to continue, and further decline to 1.5500 is still possible...
EURUSD Analysis – February 9, 2013
EURUSD pulled back from 1.3711, suggesting that a cycle top had been formed on daily chart. Deeper decline would likely be seen next week, and the target would be at the upward trend line.
USDCAD Analysis – February 3, 2013
USDCAD breaks below 0.9960 support, suggesting that a cycle top has been formed at 1.0100 on daily chart. Further decline could be expected, and next target would be at 0.9850 area.
USDCHF Analysis – February 3, 2013
USDCHF breaks below 0.9083 previous low support, suggesting that the downtrend from 0.9971 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area.
USDJPY Analysis – February 3, 2013
USDJPY stays above a upward trend line of daily chart, and remains in uptrend from 77.14, and the rise extends to as high as 92.95. Further rise is still possible after a minor consolidation, and next target...
AUDUSD Analysis – February 3, 2013
AUDUSD breaks below the support of the upward trend line on daily chart, suggesting that the uptrend from 1.0149 had completed at 1.0597 already. Further decline would likely be seen over the next several days, and next...
GBPUSD Analysis – February 3, 2013
GBPUSD remains in downtrend from 1.6339, and the fall extends to as low as 1.5674. Further decline is still possible, and next target would be at 1.5500 area.