EURUSD Analysis – October 1, 2011

by ForexCycle.com | October 1, 2011 8:06 am
EURUSD remains in downtrend from 1.4548. Further decline is still possible next week, and next target would be at 1.3000 area. Resistance levels are at 1.3690 and 1.3936, as long as these levels hold, downtrend could be...

USDCAD Analysis – September 24, 2011

by ForexCycle.com | September 24, 2011 3:15 pm
USDCAD’s upward movement from 0.9406 extended to as high as 1.0360. Further rise could be seen after a minor consolidation, and next target would be at 1.0500 area. Support is now at 1.0130, as long as this...

USDCHF Analysis – September 24, 2011

by ForexCycle.com | September 24, 2011 3:15 pm
USDCHF’s upward movement from 0.7067 extended to as high as 0.9181. Support remains at the uptrend line on daily chart, as long as the trend line support holds, uptrend could be expected to continue, and next target...

USDJPY Analysis – September 24, 2011

by ForexCycle.com | September 24, 2011 3:14 pm
USDJPY is facing 75.96 key support, a breakdown below this level will signal resumption of downtrend from 85.51, then deeper decline towards 0.7000 could be seen. Resistance is at 0.7700, only break above this level could indicate...

AUDUSD Analysis – September 24, 2011

by ForexCycle.com | September 24, 2011 3:13 pm
AUDUSD broke below 0.9927 support and reached as low as 0.9670, suggesting that the long term uptrend from 0.8066 (2010 low) has completed at 1.1080 already. Further fall is now in favor, and next target would be...

GBPUSD Analysis – September 24, 2011

by ForexCycle.com | September 24, 2011 3:12 pm
GBPUSD remains in downtrend from 1.6617, and the fall extended to as low as 1.5327. Further fall could be expected next week, and next target would be at 1.5000 area. Resistance is at 1.5600, as long as...

EURUSD Analysis – September 24, 2011

by ForexCycle.com | September 24, 2011 3:10 pm
After consolidation, EURUSD continued its downward movement, and the fall from 1.4548 extended to as low as 1.3386. Key resistance is now at 1.3936, as long as this level holds, downtrend could be expected to continue, and...

USDCAD Analysis – September 17, 2011

by ForexCycle.com | September 17, 2011 1:52 pm
After touching 1.0009 resistance, USDCAD pulled back from 1.0025, suggesting that lengthier consolidation of uptrend from 0.9406 is underway. Deeper decline to test 0.9725 support would likely be seen next week, as long as this level holds,...

USDCHF Analysis – September 17, 2011

by ForexCycle.com | September 17, 2011 1:51 pm
USDCHF remains in uptrend from 0.7067, the fall from 0.8925 is treated as consolidation of uptrend. Pullback to the uptrend line on daily chart would likely be seen next week. As long as the trend line support...

USDJPY Analysis – September 17, 2011

by ForexCycle.com | September 17, 2011 1:50 pm
USDJPY may be forming a cycle top at 77.85 on daily chart. Another fall to test 75.96 key support would likely be seen next week, a breakdown below this level will signal resumption of the long term...