AUDUSD Analysis – October 22, 2011

by ForexCycle.com | October 22, 2011 3:10 am
AUDUSD’s upwards movement from 0.9390 extended to as high as 1.0376. Further rise is still possible next week, and next target would be at 1.0700. Support is at 1.0100, only break below this level could indicate that...

GBPUSD Analysis – October 22, 2011

by ForexCycle.com | October 22, 2011 3:10 am
GBPUSD is now in uptrend from 1.5272, and the rise extended to as high as 1.5973. Further rise is expected next week, and next target would be at 1.6300-1.6400 area. Support is at 1.5800 followed by 1.5630,...

EURUSD Analysis – October 22, 2011

by ForexCycle.com | October 22, 2011 3:08 am
EURUSD is in uptrend from 1.3146, the price action from 1.3914 is treated as consolidation of uptrend. Further rise could be seen after consolidation, and next target would be at 1.4200-1.4300 area. Support levels are at 1.3500...

USDCAD Analysis – October 15, 2011

by ForexCycle.com | October 15, 2011 2:16 am
USDCAD’s fall from 1.0656 extended to as low as 1.0093, suggesting that the uptrend from 0.9406 had completed. Further fall could be seen after consolidation, and next target would be at 0.9900 zone.

USDCHF Analysis – October 15, 2011

by ForexCycle.com | October 15, 2011 2:15 am
USDCHF is forming a cycle top at 0.9314 on daily chart, key support is at the uptrend line, a clear break below the trend line will confirm the cycle top, then deeper decline to 0.8500 could be...

USDJPY Analysis – October 15, 2011

by ForexCycle.com | October 15, 2011 2:15 am
USDJPY stays in a trading range between 75.96 and 77.85 for several weeks. As long as 77.85 resistance holds, the price action in the range is treated as consolidation of downtrend from 85.51, and another fall towards...

AUDUSD Analysis – October 15, 2011

by ForexCycle.com | October 15, 2011 2:14 am
AUDUSD broke above 0.9984 resistance, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0764 had completed. Further rise could be seen after consolidation, and next target would be at 1.0700...

GBPUSD Analysis – October 15, 2011

by ForexCycle.com | October 15, 2011 2:13 am
GBPUSD broke above 1.5715 resistance, suggesting that a cycle bottom has been formed on daily chart, and the fall from 1.6617 has completed. Further rise is expected after consolidation and next target would be at 1.6100 zone....

EURUSD Analysis – October 15, 2011

by ForexCycle.com | October 15, 2011 2:10 am
EURUSD broke above the downtrend line on daily chart, and reached as high as 1.3894, suggesting that the fall from 1.4548 had completed at 1.3146 already. Further rise is still possible after consolidation, and next target would...

USDCAD Analysis – October 8, 2011

by ForexCycle.com | October 8, 2011 9:22 am
USDCAD has formed a cycle top at 1.0656 on daily chart. Consolidation of uptrend from 0.9406 could be seen in a couple of weeks, and the trading range would be between 1.0200 and 1.0656. Key resistance is...