USDJPY Analysis – July 9, 2011
USDJPY might be forming a cycle top at 81.47 on daily chart. Deeper decline to test 79.57 key support would likely be seen next week, a breakdown below this level will indicate that the downtrend from 85.51...
Author: ForexCycle.com
AUDUSD Analysis – July 9, 2011
AUDUSD had formed a cycle bottom at 1.0390 on daily chart. The rise from 1.0390 is likely resumption of long term uptrend from 0.8066 (2010 low). Further rise to test 1.1011 previous high resistance is expected next...
GBPUSD Analysis – July 9, 2011
GBPUSD remains in downtrend from 1.6745, the rise from 1.5912 is treated as consolidation of downtrend. Further decline could be expected after consolidation, and a breakdown below 1.5912 could signal resumption of downtrend. Resistance levels are at...
EURUSD Analysis – July 9, 2011
EURUSD moved sideways in a range between 1.3969 and 1.4696 for several weeks. Lengthier consolidation in the range is still possible next week. The price action in the range would possibly be consolidation of downtrend from 1.4939,...
USDCAD Analysis – July 2, 2011
USDCAD broke below 0.9669 key support, and reached as low as 0.9580, suggesting that a cycle top had been form at 0.9912 on daily chart, and the rise from 0.9444 had completed. Deeper decline towards 0.9444 previous...
USDCHF Analysis – July 2, 2011
USDCHF is facing the resistance of the downtrend line from 0.9774 to 0.9339, as long as the trend line resistance holds, the price action from 0.8326 could be treated as consolidation of downtrend, and another fall towards...
USDJPY Analysis – July 2, 2011
USDJPY traded in a range between 79.58 and 82.22 for several weeks. The price action in the range is treated as consolidation of downtrend from 85.51. Another fall to 78.00 would likely be seen after consolidation, and...
AUDUSD Analysis – July 2, 2011
AUDUSD bounce strongly from 1.0390 and reached as high as 1.0789, suggesting that a cycle bottom had been formed. Now the rise would possibly be resumption of long term uptrend from 0.8066 (2010 low), further rise to...
GBPUSD Analysis – July 2, 2011
GBPUSD’s downward movement from 1.6546 extended to as low as 1.5912. Deeper decline is still possible next week, and next target would be at 1.5700-1.5800 area. Resistance is at 1.6265, as long as this level holds, downtrend...
EURUSD Analysis – July 2, 2011
EURUSD stayed in a trading range between 1.3969 and 1.4696 for several weeks. The sideways movement could be expected to continue in a couple of weeks. Another fall towards 1.3500 would more likely be seen after consolidation,...