AUDUSD Analysis – May 7, 2011
AUDUSD dropped sharply from 1.1011, suggesting that the upward movement from 0.9704 had completed at 1.1011 already. Deeper decline would likely be seen after consolidation, and target would be at 1.0300 area.
Author: ForexCycle.com
GBPUSD Analysis – May 7, 2011
GBPUSD had formed a cycle top at 1.6745 level on daily chart. Deeper decline towards the trend line from 1.5344 to 1.5936 would likely be seen next week. As long as the trend line support holds, the...
EURUSD Analysis – May 7, 2011
EURUSD dropped sharply from 1.4939, and broke below the uptrend line on daily chart, suggesting that a cycle top had been formed. Deeper decline would likely be seen after consolidation, and next target would be at 1.4000-1.4100...
USDCAD Analysis – April 30, 2011
USDCAD stays below a downtrend line on daily chart, and remains in bearish movement. Further fall could be seen next week, and next target would be at 0.9300 area. Resistance is at the trend line, now at...
USDCHF Analysis – April 30, 2011
USDCHF remains in downtrend from 0.9339, and the fall extended to as low as 0.8626. Further fall could be expected next week, and next target would be at 0.8500 area. Resistance is at 0.8800, as long as...
USDJPY Analysis – April 30, 2011
USDJPY continued its downward move from 85.51 and the fall extended to as low as 81.03. Deeper decline is still possible next week, and next target would be at 80.00 area. Resistance is at 82.75, only break...
AUDUSD Analysis – April 30, 2011
AUDUSD’s bullish movement extended further to as high as 1.0976. Support is at 1.0750, as long as this level holds, uptrend from 0.9704 could be expected to continue and next target would be at 1.1200 area.
GBPUSD Analysis – April 30, 2011
GBPUSD is in uptrend from 1.5936, and the rise extended to as high as 1.6745. Further rise could be expected next week and next target would be at 1.7000 area. Support is at 1.6600, as long as...
EURUSD Analysis – April 30, 2011
EURUSD stays above a trend line from 1.3428 to 1.4157, and remains in uptrend. Further rise is still possible next week, and next target would be at 1.5000 area. Support is at 1.4650, followed by the trend...
USDCAD Analysis – April 23, 2011
USDCAD’s bearish movement extended to as low as 0.9453. Resistance is at the falling trend line on daily chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would...