USDCHF Analysis – January 28, 2012
USDCHF broke below 0.9244 key support, suggesting that a cycle top has been formed at 0.9594 on daily chart, and the rise from 0.8569 has completed. Further decline is expected in a couple of weeks, and the...
Author: ForexCycle.com
USDJPY Analysis – January 28, 2012
USDJPY moved sideways in a trading range between 75.57 and 79.52 for several weeks. Another fall to test 75.57 key support would likely be seen next week, a breakdown below this level could signal resumption of the...
AUDUSD Analysis – January 28, 2012
AUDUSD is facing 1.0750 resistance, consolidation would likely be seen before breaking above this level, and the trading range for next week would be between 1.0450 and 1.0750.
GBPUSD Analysis – January 28, 2012
GBPUSD’s rebound from 1.5236 extended to as high as 1.5739. Further rise would likely be seen in a couple of weeks, and the target would be at 1.6000 area. Initial support is at 1.5590, as long as...
EURUSD Analysis – January 28, 2012
EURUSD’s bounce from 1.2624 extended to as high as 1.3233. Further rise is still possible next week, and next target would be at 1.3500 area. Key resistance is at 1.3700, as long as this level holds, the...
USDCAD Analysis – January 21, 2012
USDCAD broke below the triangle pattern on daily chart. Further decline could be seen over the next several weeks, and target would be at 0.9600-0.9700 area. Resistance is at 1.0230, as long as this level holds, downtrend...
USDCHF Analysis – January 21, 2012
USDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed...
USDJPY Analysis – January 21, 2012
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.55 on daily chart,...
AUDUSD Analysis – January 21, 2012
AUDUSD continued its upward movement from 0.9861, and the rise extended to as high as 1.0487. Further rise could be seen next week, and next target would be at 1.0700 area. Support is at 1.0350, only break...
GBPUSD Analysis – January 21, 2012
After breaking below 1.5272 previous low, GBPUSD rebounded strongly from 1.5236, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen over the next several weeks, and the target would be...