USDCAD Analysis – December 24, 2011

by ForexCycle.com | December 24, 2011 2:30 pm
USDCAD remains in uptrend from 1.0051, the fall from 1.0422 is treated as correction of uptrend. Another rise towards 1.0656 previous high is still possible after correction. Resistance is at 1.0300, a break above this level could...

USDCHF Analysis – December 24, 2011

by ForexCycle.com | December 24, 2011 2:29 pm
USDCHF remains in uptrend from 0.8569, the pullback from 0.9546 is likely consolidation of uptrend. Initial support is at 0.9240, as long as this level holds, we’d expect uptrend to resume, and another rise towards 1.0000 is...

USDJPY Analysis – December 24, 2011

by ForexCycle.com | December 24, 2011 2:28 pm
USDJPY formed a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue over the next several days.

AUDUSD Analysis – December 24, 2011

by ForexCycle.com | December 24, 2011 2:27 pm
AUDUSD is in downtrend from 1.0378, the rise from 0.9861 would possibly be correction of downtrend. Another fall towards 0.9390 previous low would likely be seen after correction, and a breakdown below 0.9861 could signal resumption of...

GBPUSD Analysis – December 24, 2011

by ForexCycle.com | December 24, 2011 2:26 pm
Being supported by 1.5272 previous low, GBPUSD moved sideways in a range between 1.5423 and 1.5779. The price action in the range is likely consolidation of downtrend from 1.6164. As long as 1.5779 key resistance holds, another...

EURUSD Analysis – December 24, 2011

by ForexCycle.com | December 24, 2011 2:24 pm
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Initial resistance is at the upper line of the channel, as long as the channel resistance holds, downtrend could be expected...

USDCAD Analysis – December 18, 2011

by ForexCycle.com | December 18, 2011 11:16 am
USDCAD had formed a cycle bottom at 1.0051 on daily chart. Further rise to test 0.0523 resistance could be seen, a break above this this level will target 1.1000 area. Support is at 1.0250, as long as...

USDCHF Analysis – December 18, 2011

by ForexCycle.com | December 18, 2011 11:14 am
USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days. Support is at the upward trend line on daily chart, only a clear break...

USDJPY Analysis – December 18, 2011

by ForexCycle.com | December 18, 2011 11:13 am
USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue over the next several days.

AUDUSD Analysis – December 18, 2011

by ForexCycle.com | December 18, 2011 11:13 am
AUDUSD had formed a cycle top at 1.0378 on daily chart. Another fall towards 1.9390 previous low would likely be seen over the next several days. Resistance is at 1.0100, as long as this level holds, downtrend...