GBPUSD Analysis – August 12, 2012

by ForexCycle.com | August 12, 2012 2:56 am
GBPUSD has formed a sideways consolidation in a range between 1.5393 and 1.5776. Another rise to test 1.5776 resistance would likely be seen, a break above this level will target 1.5900 area. Key support is at 1.5393,...

EURUSD Analysis – August 12, 2012

by ForexCycle.com | August 12, 2012 2:55 am
EURUSD is in consolidation of the downtrend from 1.3486. Another rise to 1.2600 area to complete the consolidation would likely be seen over the next several days. Key resistance is at 1.2747, as long as this level...

USDCAD Analysis – August 4, 2012

by ForexCycle.com | August 4, 2012 6:09 am
USDCAD remains in downtrend from 1.0445, and the fall extends to as low as 0.9979. Further decline is expected next week, and next target would be at 0.9800 area. Resistance is now at the downward trend line...

USDCHF Analysis – August 4, 2012

by ForexCycle.com | August 4, 2012 6:08 am
USDCHF remains in uptrend from 0.8931, the fall from 0.9971 is treated as consolidation of the uptrend. Deeper decline would likely be seen next week, and the target would be at 1.0500 area. Key resistance is at...

USDJPY Analysis – August 4, 2012

by ForexCycle.com | August 4, 2012 6:08 am
USDJPY is in downtrend from 80.61. Deeper decline to test 77.66 support could be expected next week, a breakdown below this level will target 76.00 area. Resistance is now at the upper line of the price channel...

AUDUSD Analysis – August 4, 2012

by ForexCycle.com | August 4, 2012 6:07 am
AUDUSD remains in uptrend from 0.9581. Further rise could be expected next week, and next target would be at 1.0700 area. Support is now located at the upward tend line on daily chart, only a clear break...

GBPUSD Analysis – August 4, 2012

by ForexCycle.com | August 4, 2012 6:05 am
GBPUSD stays in a trading range between 1.5393 and 1.5776. The price action in the range is likely consolidation of the uptrend from 1.5268, another rise is expected after consolidation, and a break above 1.5776 could signal...

EURUSD Analysis – August 4, 2012

by ForexCycle.com | August 4, 2012 6:04 am
EURUSD remains in downtrend from 1.3486, the rise from 1.2042 is treated as consolidation of the downtrend. Further rise would likely be seen next week, and the target would be at1.2600 area. Key resistance is at 1.2747,...

USDCAD Analysis – July 28, 2012

by ForexCycle.com | July 28, 2012 3:15 am
USDCAD’s downward movement from 1.0445 extends to as low as 1.0030. Further decline could be expected next week, and next target would be at 0.9900 area. Key resistance is now at 1.0230, only break above this level...

USDCHF Analysis – July 28, 2012

by ForexCycle.com | July 28, 2012 3:15 am
USDCHF has formed a cycle top at 0.9971 on daily chart. Deeper decline to 0.9500 area would likely be seen. Key support is at 0.9421, as long as this level holds, the fall from 0.9971 is treated...