EURUSD Analysis – February 3, 2013
EURUSD continues its upward movement from 1.2661, and the rise extends to as high as 1.3711. Further rise could be expected after a minor consolidation, and next target would be at 1.3800-1.3900 area.
Author: ForexCycle.com
The Ichimoku Trading System Combines Indicators for One Helpful View
Ichimoku combines a set of trending indicators and projects a unique “cloud” of anticipated resistance and support points to arrive at its take on market activity. As with any set of indicators, specific intersections between the various...
USDCAD Analysis – January 26, 2013
USDCAD breaks above 1.0055 resistance and reaches as high as 1.0100, suggesting that the uptrend from 0.9632 has resumed. Further rise is still possible next week, and the target would be at the upper line of the...
USDCHF Analysis – January 26, 2013
Being contained by the resistance of the upper line of the price channel on daily chart, USDCHF pulls back from 0.9388, suggesting that that a cycle top is being formed.
USDJPY Analysis – January 26, 2013
USDJPY continues its upward movement from 77.14, and the rise extends to as high as 91.19. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at...
AUDUSD Analysis – January 26, 2013
AUDUSD is facing the support of the upward trend line on daily chart, a clear break below the trend line support will indicate that the uptrend from 1.0149 had completed at 1.0597 already, then the following downward...
GBPUSD Analysis – January 26, 2013
GBPUSD broke below 1.5827 support and reaches as low as 1.5745. The downward movement could be expected to continue next week, and next target would be at 1.5600 area.
EURUSD Analysis – January 26, 2013
EURUSD’s upward movement from 1.2661 extends to as high as 1.3479. Support is now at 1.3340, followed by the upward trend line on daily chart. As long as the trend line support holds, the uptrend could be...
USDCAD Analysis – January 19, 2013
USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Key resistance is at 0.9970, as long as this level holds, we’d expect downtrend to resume, and another fall towards...
USDCHF Analysis – January 19, 2013
USDCHF remains in downtrend from 0.9971, the rise from 0.9083 is likely consolidation of the downtrend. Key resistance is at 0.9511, as long as this level holds, we’d expect downtrend to resume, and another fall towards 0.8500...