AUDUSD Analysis – May 21, 2011

by ForexCycle.com | May 21, 2011 3:14 am
AUDUSD is now in downtrend from 1.1011. Further fall could be expected next week, and next target would be at 1.0200-1.0300 area. Key resistance is at 1.1011, only break above this level could indicate that the long...

GBPUSD Analysis – May 21, 2011

by ForexCycle.com | May 21, 2011 3:13 am
GBPUSD’s downward movement from 1.6745 extended to as low as 1.6105. Deeper decline towards 1.5936 support could be seen next week, as long as this level holds, the price action from 1.6745 is treated as consolidation of...

EURUSD Analysis – May 21, 2011

by ForexCycle.com | May 21, 2011 3:11 am
EURUSD may be forming a cycle bottom at 1.4048 on daily chart. Range trading between 1.4048 and 1.4500 would likely be seen in a couple of weeks. Support is at 1.4048, only break below this level could...

USDCAD Analysis – May 14, 2011

by ForexCycle.com | May 14, 2011 2:26 am
USDCAD had formed a cycle bottom at 0.9444 on daily chart. Further rise towards the downtrend line from 1.0285 to 0.9973 is expected next week, a clear break above the trend line resistance will indicate that the...

USDCHF Analysis – May 14, 2011

by ForexCycle.com | May 14, 2011 2:25 am
USDCHF had formed a cycle bottom at 0.8553 on daily chart. Further rally is still possible next week, and next target would be at 0.9000-0.9100 area. However, the bounce from 0.8553 is likely consolidation of long term...

USDJPY Analysis – May 14, 2011

by ForexCycle.com | May 14, 2011 2:24 am
USDJPY broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 79.58. Further rally is expected in a couple of weeks, and target would be at 83.00 area. Support is...

AUDUSD Analysis – May 14, 2011

by ForexCycle.com | May 14, 2011 2:23 am
AUDUSD is now in downtrend from 1.1011, and the fall extended to as low as 1.0520. deeper decline is expected next week, and next target would be at 1.0200-1.0300 area. Resistance is at 1.0720, as long as...

GBPUSD Analysis – May 14, 2011

by ForexCycle.com | May 14, 2011 2:22 am
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.5344 is underway. Deeper decline is still possible next week, and next target would be at 1.6000 area. Resistance is at...

EURUSD Analysis – May 14, 2011

by ForexCycle.com | May 14, 2011 2:20 am
EURUSD’s fall from 1.4939 extended to as low as 1.4067. The pair is now in downtrend. Deeper decline could be expected next week, and next target would be at 1.3800. Resistance is at 1.4350, only break above...

USDCAD Analysis – May 7, 2011

by ForexCycle.com | May 7, 2011 4:09 am
USDCAD broke above the downtrend line on daily chart, suggesting that a cycle bottom had been formed at 0.9444 on daily chart. Further rally is expected in a couple of weeks, and next target would be at...