EURUSD Analysis – October 2, 2010
EURUSD continues its upward movement from 1.2587 and the rise extends to as high as 1.3792 level. Further rise is still possible next week and next target would be at 1.4000 area. Support is at 1.3495, as...
Author: ForexCycle.com
USDCAD Analysis – September 25, 2010
USDCAD’s downward move from 1.0672 extended to as low as 1.0191. Key resistance is now at 1.0378, as long as this level holds, downtrend from 1.0672 is expected to continue and one more fall towards 1.0107 support...
USDCHF Analysis – September 25, 2010
USDCHF broke below 0.9917 (2009 low) and reached as low as 0.9779. Further decline towards 0.9634 (2008 low) could be seen next week. Resistance is at 1.0181, as long as this level holds, downtrend from 1.1730 could...
USDJPY Analysis – September 25, 2010
Being contained by 85.89 key resistance, USDJPY pulled back to as low as 84.12. However, one more rise to re-test 85.89 resistance is still possible, a clear break above this level will indicate that the downtrend from...
AUDUSD Analysis – September 25, 2010
AUDUSD’s upward movement extended to as high as 0.9613 level. Now the pair is facing the upper boundary of the price channel on 4-hour chart, consolidation of uptrend would more likely be seen. Support is at 0.9460,...
GBPUSD Analysis – September 25, 2010
GBPUSD’s bounce from 1.5296 extended to as high as 1.5842. Further rise to test 1.5997 previous high resistance is possible next week, a break above this level will signal resumption of uptrend from 1.4230, then another rise...
EURUSD Analysis – September 25, 2010
EURUSD broke above 1.3333 resistance and reached as high as 1.3495 level, suggesting that the uptrend from 1.1876 has resumed. Bullish movement is expected to continue next week and next target would be at 1.3700-1.3800 area. Support...
Dollar Declines to 5-Month Low Against the EUR
The US dollar traded near a five-month low versus the EUR before a U.S. report today that may show existing home sales are close to a 10-year low, adding to signs the world's largest economy is struggling...
USDCAD Analysis – September 18, 2010
USDCAD formed a cycle top at 1.0672 level on daily chart. Further fall towards 1.0107 previous low support is still possible next week, rebound would more likely be seen before breaking below this level. Resistance is at...
USDCHF Analysis – September 18, 2010
Being contained by 0.9917 (2009 low) support, USDCHF rebounded from 0.9932. Key resistance is now at 1.0277, as long as this level holds, downtrend is expected to continue and another fall to test 0.9917 support is still...