EURUSD Analysis – May 21, 2011
EURUSD may be forming a cycle bottom at 1.4048 on daily chart. Range trading between 1.4048 and 1.4500 would likely be seen in a couple of weeks. Support is at 1.4048, only break below this level could...
Author: ForexCycle.com
USDCAD Analysis – May 14, 2011
USDCAD had formed a cycle bottom at 0.9444 on daily chart. Further rise towards the downtrend line from 1.0285 to 0.9973 is expected next week, a clear break above the trend line resistance will indicate that the...
USDCHF Analysis – May 14, 2011
USDCHF had formed a cycle bottom at 0.8553 on daily chart. Further rally is still possible next week, and next target would be at 0.9000-0.9100 area. However, the bounce from 0.8553 is likely consolidation of long term...
USDJPY Analysis – May 14, 2011
USDJPY broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 79.58. Further rally is expected in a couple of weeks, and target would be at 83.00 area. Support is...
AUDUSD Analysis – May 14, 2011
AUDUSD is now in downtrend from 1.1011, and the fall extended to as low as 1.0520. deeper decline is expected next week, and next target would be at 1.0200-1.0300 area. Resistance is at 1.0720, as long as...
GBPUSD Analysis – May 14, 2011
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.5344 is underway. Deeper decline is still possible next week, and next target would be at 1.6000 area. Resistance is at...
EURUSD Analysis – May 14, 2011
EURUSD’s fall from 1.4939 extended to as low as 1.4067. The pair is now in downtrend. Deeper decline could be expected next week, and next target would be at 1.3800. Resistance is at 1.4350, only break above...
USDCAD Analysis – May 7, 2011
USDCAD broke above the downtrend line on daily chart, suggesting that a cycle bottom had been formed at 0.9444 on daily chart. Further rally is expected in a couple of weeks, and next target would be at...
USDCHF Analysis – May 7, 2011
USDCHF is forming a cycle bottom at 0.8553 on daily chart. Range trading between 0.8553 and 0.9000 would likely be seen in a couple of weeks. However, the price action from 0.8553 would possibly be consolidation of...
USDJPY Analysis – May 7, 2011
USDJPY stays below a downtrend line and remains in downtrend from 85.51. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 78.00-79.00 area. However, a clear...