USDCAD Analysis – September 23, 2012

by ForexCycle.com | September 23, 2012 10:33 am
USDCAD remains in downtrend from 1.0445, the rise from 0.9632 is treated as consolidation of the downtrend. Range trading between 0.9632 and 0.9900 would likely be seen over the next several days. Downtrend could be expected to...

USDCHF Analysis – September 23, 2012

by ForexCycle.com | September 23, 2012 10:32 am
USDCHF remains in downtrend from 0.9971, the rise from 0.9239 is treated as consolidation of the downtrend. Range trading between 0.9239 and 0.9500 would likely be seen over the next several days. The downtrend could be expected...

USDJPY Analysis – September 23, 2012

by ForexCycle.com | September 23, 2012 10:31 am
Being contained by the resistance of the downward trend line from 80.61 to 79.65, USDJPY pulled back from 79.21. However, another rise to test the trend line resistance would likely be seen, a clear break above the...

AUDUSD Analysis – September 23, 2012

by ForexCycle.com | September 23, 2012 10:30 am
After touching 1.6012 resistance, AUDUSD pulled back from 1.0624, suggesting that lengthier consolidation of the uptrend from 0.9581 is underway. Deeper decline could be expected over the next several days, and the target would be at 1.0200...

GBPUSD Analysis – September 23, 2012

by ForexCycle.com | September 23, 2012 10:30 am
GBPUSD’s upward movement from 1.5268 extends to as high as 1.6309. Further rise is still possible after a minor consolidation, and next target would be at 1.6500 area. Support is at 1.6050, as long as this level...

EURUSD Analysis – September 23, 2012

by ForexCycle.com | September 23, 2012 10:27 am
EURUSD remains in uptrend from 1.2042, the fall from 1.3171 is likely consolidation of the uptrend. Range trading between 1.2800 and 1.3171 is expected over the next several days. Another rise could be seen after consolidation, and...

USDCAD Analysis – September 15, 2012

by ForexCycle.com | September 15, 2012 2:56 pm
USDCAD’s downward movement from 1.0445 extends to as low as 0.9632. Further decline could be expected next week, and next target would be at 0.9500 area. Resistance is at 0.9780, as long as this level holds, the...

USDCHF Analysis – September 15, 2012

by ForexCycle.com | September 15, 2012 2:55 pm
USDCHF continues its downward movement from 0.9971, and reaches as low as 0.9238. Further decline is still possible next week, and next target would be at 0.9000 area. Resistance is now at 0.9420, as long as this...

USDJPY Analysis – September 15, 2012

by ForexCycle.com | September 15, 2012 2:55 pm
USDJPY may be forming a cycle bottom at 77.14 on daily chart. Further rise to test the resistance of the downtrend line from 80.61 to 79.65 could be expected next week, a clear break above the trend...

AUDUSD Analysis – September 15, 2012

by ForexCycle.com | September 15, 2012 2:54 pm
AUDUSD breaks above 1.0612 resistance and reaches as high as 1.0624, suggesting that the uptrend from 0.9581 has resumed. Further rise could be expected next week, and next target would be at 1.0800 area. Support is at...