USDCAD Analysis – February 4, 2012

by ForexCycle.com | February 4, 2012 4:31 am
USDCAD remains in downtrend from 1.0422, and the fall extends to as low as 0.9926. Further decline is still possible next week, and next target would be at 0.9800 area. Resistance is now at 1.0070, only break...

USDCHF Analysis – February 4, 2012

by ForexCycle.com | February 4, 2012 4:30 am
USDCHF had formed a cycle top at 0.9594 on daily chart, and is now in downtrend. Further fall would likely be seen next week, and the target would be at the lower border of the price channel....

USDJPY Analysis – February 4, 2012

by ForexCycle.com | February 4, 2012 4:29 am
USDJPY continued its sideways movement in a range between 75.57 and 79.52. Lengthier consolidation in the range is still possible in a couple of weeks, and another rise towards 79.52 would likely be seen before breaking below...

AUDUSD Analysis – February 4, 2012

by ForexCycle.com | February 4, 2012 4:28 am
AUDUSD’s upward movement from 0.9861 extends to as high as 1.0793. Further rise is still possible next week, and next target would be at 1.0900 area. Support is at 1.0600, only a breakdown below this level could...

GBPUSD Analysis – February 4, 2012

by ForexCycle.com | February 4, 2012 4:28 am
GBPUSD’s upward movement from 1.5236 extended to as high as 1.5882. Further rise is still possible next week, and next target would be at 1.6000 area. Key support is at 1.5640, only break below this level could...

EURUSD Analysis – February 4, 2012

by ForexCycle.com | February 4, 2012 4:25 am
EURUSD remains in uptrend from 1.2624. Support is at 1.2930, followed by 1.2855, as long as these levels hold, uptrend could be expected to continue, and one more rise to 1.3500-1.3600 area is still possible after consolidation.

USDCAD Analysis – January 28, 2012

by ForexCycle.com | January 28, 2012 2:43 pm
USDCAD’s fall from 1.0422 extended to as low as 0.9981. Further decline is still possible next week, and next target would be at 0.9700-0.9800 area. Resistance is at 1.0100, as long as this level holds, downtrend will...