EURUSD Analysis – October 20, 2012

by ForexCycle.com | October 20, 2012 4:59 am
EURUSD moves sideways in a range between 1.2803 and 1.3171. The price action in the range is treated as consolidation of the uptrend from 1.2042. Lengthier consolidation in the range would likely be seen next week.

USDCAD Analysis – October 13, 2012

by ForexCycle.com | October 13, 2012 1:54 pm
USDCAD may be forming a cycle top at 0.9884 on daily chart. Another fall to test 0.9632 support could be expected next week, a breakdown below this level will indicate that the downtrend from 1.0445 has resumed,...

USDCHF Analysis – October 13, 2012

by ForexCycle.com | October 13, 2012 1:54 pm
USDCHF stays in a trading range between 0.9239 and 0.9437. As long as 0.9437 resistance holds, the price action in the range is treated as consolidation of the downtrend from 0.9971, and another fall towards 0.9000 is...

USDJPY Analysis – October 13, 2012

by ForexCycle.com | October 13, 2012 1:53 pm
USDJPY is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the price action from 77.66 is treated as consolidation of the downtrend from 84.17, another fall...

AUDUSD Analysis – October 13, 2012

by ForexCycle.com | October 13, 2012 1:52 pm
AUDUSD break below 1.0167 support and reaches as low as 1.0149. deeper decline is still possible next week, and the target would be at 1.0000-1.0050 area. However, the price action from 1.0612 is treated as consolidation of...

GBPUSD Analysis – October 13, 2012

by ForexCycle.com | October 13, 2012 1:51 pm
GBPUSD’s fall from 1.6309 extends to as low as 1.5976. Deeper decline is still possible next week, and the target would be at 1.5900 area. However, the fall is treated as consolidation of the uptrend from 1.5268,...

EURUSD Analysis – October 13, 2012

by ForexCycle.com | October 13, 2012 1:50 pm
EURUSD stays in a trading range between 1.2803 and 1.3171. The price action in the range is likely consolidation of the uptrend from 1.2042. Support is at 1.2803, as long as this level holds, uptrend could be...

USDCAD Analysis – October 6, 2012

by ForexCycle.com | October 6, 2012 10:53 am
USDCAD is forming a cycle top at 0.9884 on daily chart. Further decline to test 0.9632 support could be seen next week, a breakdown below this level will signal resumption of the downtrend from 1.0445, then next...

USDCHF Analysis – October 6, 2012

by ForexCycle.com | October 6, 2012 10:52 am
USDCHF may be forming a cycle top at 0.9437 on daily chart. Initial support is at 0.9239, a breakdown below this level could signal resumption of the downtrend from 0.9971, then further decline to 0.9000 area could...

USDJPY Analysis – October 6, 2012

by ForexCycle.com | October 6, 2012 10:52 am
USDJPY is facing the downward trend line resistance again, a clear break above the trend line will indicate that the downward movement from 80.61 has completed at 77.14 already, then further rise to 80.00 area could be...