USDJPY Analysis – January 8, 2012
USDJPY moved sideways in a range between 75.57 and 79.52 for several weeks. Lengthier consolidation in the range could be seen in a couple of weeks. Now the pair might be forming a cycle bottom at 76.60...
Author: ForexCycle.com
AUDUSD Analysis – January 8, 2012
AUDUSD broke above 1.0378 resistance, suggesting that the uptrend from 0.9663 has resumed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.0600 area. Support is at 1.0150, only break...
GBPUSD Analysis – January 8, 2012
GBPUSD traded sideways in a range between 1.5362 and 1.5779 for several weeks. The price action in the range is likely consolidation of downtrend from 1.6164, and another fall to re-test 1.5272 support would likely be seen...
EURUSD Analysis – January 8, 2012
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Further decline is still possible over the next several days and next target would be at 1.2500 area. Resistance is at...
USDCAD Analysis – December 31, 2011
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper border of the pattern would likely be seen next week, a clear break above the pattern could bring price to 1.1000 area. On...
USDCHF Analysis – December 31, 2011
USDCHF remains in uptrend from 0.8569, the price action from 0.9546 is treated as consolidation of uptrend. Another rise towards 1.0000 could be expected after consolidation, and a break above 0.9546 could signal resumption of uptrend. Key...
USDJPY Analysis – December 31, 2011
USDJPY continued its sideways movement in a range between 75.57 and 79.52. The pair has formed a cycle top at 78.21 on daily chart. Further fall to test 75.57 previous low support is expected next week.
AUDUSD Analysis – December 31, 2011
AUDUSD’s rise from 0.9861 extended further to as high as 1.0267. As long as 1.0378 resistance holds, the rise is treated as correction of downtrend from 1.0378, and another fall towards 0.9390 previous low is still possible.
GBPUSD Analysis – December 31, 2011
Being contained by 1.5272 support, GBPUSD formed a sideways consolidation below 1.5779. Another fall to test 1.5272 support is possible next week, a breakdown below this level could bring price to 1.4500 zone. On the other side,...
EURUSD Analysis – December 31, 2011
EURUSD continued its downward movement from 1.4246, and the fall extended to as low as 1.2858. Resistance remains at the upper border of the price channel on daily chart, as long as the channel resistance holds, downtrend...