USDJPY Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:02 am
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.60 on daily chart....

AUDUSD Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:01 am
AUDUSD remains in uptrend from 0.9861. Further rise could be expected next week, and next target would be at 1.0600 area. Support is now at the 1.0145, only break below this level could trigger another fall to...

GBPUSD Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:00 am
GBPUSD broke below 1.5272 support, suggesting that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.5000 area. Resistance is now at...

EURUSD Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 9:59 am
EURUSD’s downward movement extended to as low as 1.2624. Resistance is at the upper line of the price channel on daily chart, as long as the channel resistance holds, downtrend could be expected to continue, and next...

USDCAD Analysis – January 8, 2012

by ForexCycle.com | January 8, 2012 4:05 am
Being supported by the lower line of the triangle pattern, USDCAD rebounded from 1.0076, suggesting that the fall from 1.0422 has completed. Further rise could be seen over the next several days, and the target is at...

USDCHF Analysis – January 8, 2012

by ForexCycle.com | January 8, 2012 4:05 am
USDCHF broke above 0.9546 previous high, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days, and the target would be at 1.0000. key support remains at 0.9244, as...

USDJPY Analysis – January 8, 2012

by ForexCycle.com | January 8, 2012 4:04 am
USDJPY moved sideways in a range between 75.57 and 79.52 for several weeks. Lengthier consolidation in the range could be seen in a couple of weeks. Now the pair might be forming a cycle bottom at 76.60...

AUDUSD Analysis – January 8, 2012

by ForexCycle.com | January 8, 2012 4:03 am
AUDUSD broke above 1.0378 resistance, suggesting that the uptrend from 0.9663 has resumed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.0600 area. Support is at 1.0150, only break...

GBPUSD Analysis – January 8, 2012

by ForexCycle.com | January 8, 2012 4:03 am
GBPUSD traded sideways in a range between 1.5362 and 1.5779 for several weeks. The price action in the range is likely consolidation of downtrend from 1.6164, and another fall to re-test 1.5272 support would likely be seen...

EURUSD Analysis – January 8, 2012

by ForexCycle.com | January 8, 2012 3:58 am
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Further decline is still possible over the next several days and next target would be at 1.2500 area. Resistance is at...