AUDUSD Analysis – March 24, 2012
AUDUSD’s downward movement from 1.0855 extends to as low as 1.0336. Further fall could be seen next week, and next target would be at 1.0100 area. Resistance is at the downward trend line on daily chart, as...
Author: ForexCycle.com
GBPUSD Analysis – March 24, 2012
GBPUSD formed a cycle bottom at 1.5602 on daily chart. Further rise to test 1.5991 previous high resistance would likely be seen next week as long the this level holds, the rise from 1.5602 would possibly be...
EURUSD Analysis – March 24, 2012
EURUSD has formed a cycle bottom at 1.3003 on daily chart. The rise from 1.3003 is likely correction of the downtrend from 1.3486, as long as 1.3486 resistance holds, downtrend could be expected to resume, and another...
Here’s How to Validate and Trade a Channel
Trading price channels are a valuable tool for traders to identify and capitalize on price movements within a specific range. Price channels are formed when an asset’s price moves between two parallel trend lines, creating opportunities for...
USDCAD Analysis – March 17, 2012
USDCAD moves sideways in a range between 0.9841 and 1.0050, as long as 1.0050 resistance holds, downtrend could be expected to resume, and one more fall to 0.9600-0.9700 area is still possible. On the upside, a break...
USDCHF Analysis – March 17, 2012
USDCHF rebounded from the lower line of the price channel on daily chart, and the rise from 0.8931 had extended as high as 0.9333. Further rise is still possible next week, and next target would be at...
USDJPY Analysis – March 17, 2012
USDJPY’s upward movement extended to as high as 84.17. Further rise to test 85.51 (Apr 6, 2011 high) resistance could be expected next week. Support is at 82.50, only breakdown below this level could signal completion of...
AUDUSD Analysis – March 17, 2012
AUDUSD is now in downtrend from 1.0855, and the fall extended to as low as 1.0421. Further decline is still possible after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0670,...
GBPUSD Analysis – March 17, 2012
After touching 1.5645 support, GBPUSD rebounded from 1.5602, suggesting that a cycle bottom has formed on daily chart. However, the rise would possibly be correction of the downtrend from 1.5991, another fall towards 1.5236 previous low is...
EURUSD Analysis – March 17, 2012
EURUSD is now in downtrend from 1.3486, and the fall extended to as low as 1.3003. Further decline is still possible after a minor consolidation, and next target would be at 1.2800 area. Resistance is at 1.3300,...