EURUSD Analysis – January 21, 2012
EURUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed. Further rally would likely be seen over the next several weeks, and the target would be...
Author: ForexCycle.com
USD/CHF Forecast January 19, 2012, Technical Analysis
USD/CHF fell hard during the session on Wednesday as traders sold off the US dollar. However, the 0.93 level is just below, and this was the site of serious support previously. Because of this, we would hesitate...
USDCAD Analysis – January 14, 2012
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper line of the pattern would likely be seen next week, a clear break above the upper line will indicate that the uptrend from...
USDCHF Analysis – January 14, 2012
USDCHF remains in uptrend from 0.8569, and the rise extended to as high as 0.9594. Further rise could be seen next week, and next target would be at 0.9750 area. Key support is at 0.9244, only break...
USDJPY Analysis – January 14, 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 76.60 on daily chart....
AUDUSD Analysis – January 14, 2012
AUDUSD remains in uptrend from 0.9861. Further rise could be expected next week, and next target would be at 1.0600 area. Support is now at the 1.0145, only break below this level could trigger another fall to...
GBPUSD Analysis – January 14, 2012
GBPUSD broke below 1.5272 support, suggesting that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.5000 area. Resistance is now at...
EURUSD Analysis – January 14, 2012
EURUSD’s downward movement extended to as low as 1.2624. Resistance is at the upper line of the price channel on daily chart, as long as the channel resistance holds, downtrend could be expected to continue, and next...
USDCAD Analysis – January 8, 2012
Being supported by the lower line of the triangle pattern, USDCAD rebounded from 1.0076, suggesting that the fall from 1.0422 has completed. Further rise could be seen over the next several days, and the target is at...
USDCHF Analysis – January 8, 2012
USDCHF broke above 0.9546 previous high, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days, and the target would be at 1.0000. key support remains at 0.9244, as...