USDJPY Analysis – December 3, 2011
USDJPY continued its sideways movement in a range between 75.57 and 79.52. Another fall towards 75.57 previous low would likely be seen over the next several weeks.
Author: ForexCycle.com
AUDUSD Analysis – December 3, 2011
AUDUSD bounced strongly from 0.9663, and the rise extended to as high as 1.0327, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0751 had completed. Further rise would likely be...
GBPUSD Analysis – December 3, 2011
GBPUSD stays within a downward price channel on daily chart, and remains in downtrend from 1.6164. As long as the channel resistance holds, downtrend could be expected to continue, and another fall towards 1.5272 is still possible...
EURUSD Analysis – December 3, 2011
Being supported by 1.3146 previous low, EURUSD rebounded from 1.3212. However, the bounce would possibly be consolidation of downtrend from 1.4246, one more fall to re-test 1.3146 support is still possible next week, a breakdown below this...
USDCAD Analysis – November 26, 2011
USDCAD’s bounce from 0.9891 extended to as high as 1.0523. Further rise towards 1.0656 previous high is still possible next week. Support is now at 1.0350, only break below this level could indicate that the rise is...
USDCHF Analysis – November 26, 2011
USDCHF broke above 0.9314 resistance, suggesting that the uptrend from 0.7067 has resumed. Further rise is expected next week, and next target would be at 0.9500. On the other side, the price action from 0.9314 could possibly...
USDJPY Analysis – November 26, 2011
USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Another rise to test 79.52 resistance would likely be seen in a couple of weeks.
AUDUSD Analysis – November 26, 2011
AUDUSD’s fall extended to as low as 0.9663. Further decline is still possible next week, and next target would be at 0.9550. Resistance is at 0.9900, only break above this level could indicate that the downtrend from...
GBPUSD Analysis – November 26, 2011
GBPUSD’s downward movement from 1.6164 extended to as low as 1.5423. Further fall to test 1.5272 key support could be seen next week, a breakdown below this level will signal resumption of downtrend from 1.6745, then the...
EURUSD Analysis – November 26, 2011
EURUSD is facing 1.3146 support, as long as this level holds, we’d expect uptrend to resume, and one more rise towards 1.5000 is still possible. On the other side, a breakdown below 1.3146 key support will indicate...