GBPUSD Analysis – October 16, 2010
GBPUSD continues its upward move from 1.5296 and the rise extended to as high as 1.6105 level. Key support is now located at 1.5755, as long as this level holds, uptrend is expected to continue and next...
Author: ForexCycle.com
EURUSD Analysis – October 16, 2010
EURUSD’s upward move from 1.2587 extended to as high as 1.4151 level. Support is now at 1.3775, as long as this level holds, uptrend is expected to continue and further rise is still possible next week, and...
USDCAD Analysis – October 9, 2010
Being supported by the trend line from 1.0138 to 1.0107, USDCAD rebounded from 1.0062, suggesting that a cycle bottom is being formed on daily chart, key resistance is at 1.0235, a break above this level will confirm...
USDCHF Analysis – October 9, 2010
USDCHF continues its bearish movement from 1.1730 and the fall extended to as low as 0.9555 level. Further decline is still possible next week and next target would be at 0.9400 area. Resistance is at 0.9845, as...
USDJPY Analysis – October 9, 2010
USDJPY’s downward move from 94.98 extended to as low as 81.72 level. Deeper decline towards 79.75 (1995 low) could be seen next week. Resistance is at the falling trend line from 94.98 to 85.92, as long as...
AUDUSD Analysis – October 9, 2010
AUDUSD remains in uptrend from 0.8771 and the rise extended to as high as 0.9916 level. Support is at 0.9540, as long as this level holds, uptrend is expected to continue and next target would be at...
GBPUSD Analysis – October 9, 2010
GBPUSD broke above 1.5997 previous high resistance, suggesting that the uptrend from 1.4230 has resumed. Further rise is still possible next week and next target would be at 1.6200-1.6300 area.
EURUSD Analysis – October 9, 2010
EURUSD remains in uptrend and the rise from 1.2587 extended to as high as 1.4029 level. Upward movement is expected to continue next week and next target would be at 1.4300 area. Support is at 1.3635, only...
USDCAD Analysis – October 2, 2010
After a sideways movement in a range between 1.0191 and 1.0378, USDCAD breaks below 1.0191 support, suggesting that the downward move from 1.0672 has resumed. Further decline is expected next week and next target would be at...
USDCHF Analysis – October 2, 2010
USDCHF remains in downtrend from 1.1730 and the fall extends to as low as 0.9708 level. Further decline is still possible next week and next target is at 0.9634 (2008 low). Resistance is at 1.0000, as long...