USDJPY Analysis – September 2, 2012

by ForexCycle.com | September 2, 2012 6:12 am
USDJPY is facing 77.92 support, a breakdown below this level will indicate that the downtrend from 84.17 has resumed, then further decline to 76.00 area could be expected. Key resistance is now at 79.65, only break above...

AUDUSD Analysis – September 2, 2012

by ForexCycle.com | September 2, 2012 6:11 am
AUDUSD’s fall from 1.0612 extends to as low as 1.0276. Further decline would likely be seen over the next several days, and next target would be at 1.0100 area. Resistance levels are now at 1.0400 and 1.0450,...

GBPUSD Analysis – September 2, 2012

by ForexCycle.com | September 2, 2012 6:10 am
GBPUSD remains in uptrend from 1.5268. Further rise could be expected after a minor consolidation, and next target would be at 1.6000. Support is at 1.5750, only break below this level could indicate that a cycle top...

EURUSD Analysis – September 2, 2012

by ForexCycle.com | September 2, 2012 6:08 am
EURUSD continues its upward movement from 1.2042, and the rise extends to as high as 1.2636. Further rise to test 1.2747 key resistance could be expected, a break above this level will signal completion of the downtrend...

USDCAD Analysis – August 25, 2012

by ForexCycle.com | August 25, 2012 3:04 pm
Being contained by 0.9799 support, USDCAD rebounds from 0.9842, suggesting that a cycle bottom is being formed on daily chart. Further rise would likely be seen next week, and the target would be at the downward trend...

USDCHF Analysis – August 25, 2012

by ForexCycle.com | August 25, 2012 3:03 pm
USDCHF breaks below the lower line of the price channel on daily chart, suggesting that lengthier consolidation of the uptrend from 0.8931 is underway. Deeper decline to test 0.9421 support could be expected next week, as long...

USDJPY Analysis – August 25, 2012

by ForexCycle.com | August 25, 2012 3:02 pm
USDJPY has formed a cycle top at 79.65 on daily chart. Deeper decline to test 77.66 support would likely be seen next week, a breakdown below this level will indicate that the downtrend from 84.17 has resumed,...

AUDUSD Analysis – August 25, 2012

by ForexCycle.com | August 25, 2012 3:02 pm
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that lengthier consolidation of the uptrend from 0.9581 is underway, deeper decline would likely be seen next week, and next target would be...

GBPUSD Analysis – August 25, 2012

by ForexCycle.com | August 25, 2012 3:01 pm
GBPUSD breaks above 1.5776 resistance and reaches as high as 1.5911, suggesting that the uptrend from 1.5268 has resumed. Further rise is still possible next week, and next target would be at the upper line of the...

EURUSD Analysis – August 25, 2012

by ForexCycle.com | August 25, 2012 2:59 pm
EURUSD’s rise from 1.2042 extends to as high as 1.2589. Further rise to test 1.2747 key resistance is still possible next week, as long as this level holds, the rise is treated as consolidation of the downtrend...