AUDUSD Analysis – April 16, 2011

by ForexCycle.com | April 16, 2011 3:32 am
AUDUSD remains in uptrend from 0.9704. The price action from 1.0581 is likely minor consolidation of uptrend. Support is at 1.0380, followed by 1.0280, as long as these levels hold, we’d expect uptrend to resume, and another...

GBPUSD Analysis – April 16, 2011

by ForexCycle.com | April 16, 2011 3:30 am
After breaking above 1.6400 resistance, GBPUSD’s rise from 1.5936 is treated as resumption of uptrend from 1.5344. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 zone. Support is...

EURUSD Analysis – April 16, 2011

by ForexCycle.com | April 16, 2011 3:27 am
EURUSD remains in uptrend from 1.2874, and the rise extended to as high as 1.4519. Further rise could be seen in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300,...

USDCAD Analysis – April 9, 2011

by ForexCycle.com | April 9, 2011 3:48 am
USDCAD’s downward move from 1.0672 extended to as low as 0.9526. Further fall is still possible in a couple of weeks, and next target would be at 0.9300-0.9400 area. Resistance is at 0.9650, as long as this...

USDCHF Analysis – April 9, 2011

by ForexCycle.com | April 9, 2011 3:48 am
USDCHF has formed a cycle top at 0.9339 level on daily chart. Deeper decline towards 0.8922 previous low could be seen next week, a breakdown below this level will indicate that the downtrend from 1.1730 (Jun 1,...

USDJPY Analysis – April 9, 2011

by ForexCycle.com | April 9, 2011 3:47 am
USDJPY’s upward move from 76.40 extended to as high as 85.51. Support is at 83.85, as long as this level holds, uptrend could be expected to continue, and next target would be at 87.50 area. However, a...

AUDUSD Analysis – April 9, 2011

by ForexCycle.com | April 9, 2011 3:46 am
AUDUSD continued its upward movement from 0.9704 and reached as high as 1.0581. Further rise is expected next week, and next target would be at 1.0800 area. Support is at 1.0450, as long as this level holds,...

GBPUSD Analysis – April 9, 2011

by ForexCycle.com | April 9, 2011 3:45 am
GBPUSD broke above 1.6400 previous high and reached as high as 1.6427, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600...

EURUSD Analysis – April 9, 2011

by ForexCycle.com | April 9, 2011 3:43 am
After a minor consolidation, EURUSD broke above 1.4281 resistance and reached as high as 1.4487. Further rise is expected in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300, as...

USDCAD Analysis – April 3, 2011

by ForexCycle.com | April 3, 2011 11:13 am
USDCAD broke below 0.9667 support, suggesting that the downtrend from 1.0672 has resumed. Further fall is expected in a couple of weeks and next target would be at 0.9500 area. Resistance is at 0.9700, as long as...