AUDUSD Analysis – April 9, 2011
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,...
Author: ForexCycle.com
GBPUSD Analysis – April 9, 2011
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
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
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...
USDCHF Analysis – April 3, 2011
USDCHF’s bounce from 0.8922 extended to as high as 0.9339. Further rally is still possible in a couple of days and next target would be at 0.9400 area. However, the bounce is treated as consolidation of long...
USDJPY Analysis – April 3, 2011
USDJPY’s rise from 76.40 extended to as high as 84.71. Further rise to 86.00-87.00 area to reach next cycle top on daily chart is possible. Support is now at 83.00, a breakdown below this level will indicate...
AUDUSD Analysis – April 3, 2011
AUDUSD’s upward movement from 0.9704 extended to as high as 1.0394. Further rise is still possible, and next target would be at 1.0500 zone. Support is at 1.0200, as long as this level holds, uptrend could be...
GBPUSD Analysis – April 3, 2011
GBPUSD may be forming a cycle bottom at 1.5936 level on daily chart. Further rise towards 1.6400 previous high would likely be seen in next several days. Support is at 1.5936, only break below this level could...
EURUSD Analysis – April 3, 2011
EURUSD is in uptrend from 1.2874, the price action in the trading range between 1.4020 and 1.4248 is treated as consolidation of uptrend. Another rise to test 1.4281 would likely be seen, above this level will target...
USDCAD Analysis – March 26, 2011
USDCAD formed a cycle top at 0.9973 level on daily chart. Deeper decline towards 0.9667 previous low could be seen next week, a breakdown below this level will indicate that the long term downtrend from 1.0672 has...