USDCHF Analysis – April 23, 2011
USDCHF remains in downtrend from 1.1730 (Jun 1, 2010 high), and the fall extended to as low as 0.8780. Further fall could be expected in a couple of weeks and next target would be at 0.8500 area....
Author: ForexCycle.com
USDJPY Analysis – April 23, 2011
USDJPY is now in downtrend from 85.51. Deeper decline is still possible in a couple of week, and the target would be at 80.00 area. Resistance is at 83.15, as long as this level holds, downtrend will...
AUDUSD Analysis – April 23, 2011
AUDUSD continued its upward move from 0.9704, and the rise extended to as high as 1.0774. Further rise is still possible in a couple of weeks, and next target would be at 1.1000 zone. Support is at...
GBPUSD Analysis – April 23, 2011
GBPUSD’s upward move from 1.5936 extended to as high as 1.6598. Further rise could be expected in a couple of weeks and next target would be at 1.6800-1.6900 area. Support is at the uptrend line on daily...
EURUSD Analysis – April 23, 2011
After a minor consolidation, EURUSD continued its bullish movement, and the rise from 1.2874 extended to as high as 1.4648. Support is at the rising trend line on daily chart, as long as the trend line support...
USDCAD Analysis – April 16, 2011
USDCAD remains in downtrend from 0.9973, the bounce from 0.9526 is treated as minor consolidation of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at 0.9400 zone. Resistance is...
USDCHF Analysis – April 16, 2011
USDCHF broke below 0.8922 previous low support, suggesting that the downtrend from 1.1730 (Jun 1, 2010 high) has resumed. Deeper decline could be seen in a couple of weeks, and next target would be at 0.8700 zone.
USDJPY Analysis – April 16, 2011
USDJPY had formed a cycle top at 85.51 level on daily chart. Pullback to 80.00 area would likely be seen in a couple of weeks. Key resistance is now at 85.51, only break above this level could...
AUDUSD Analysis – April 16, 2011
AUDUSD remains in uptrend from 0.9704. The price action from 1.0581 is likely minor consolidation of uptrend. Support is at 1.0380, followed by 1.0280, as long as these levels hold, we’d expect uptrend to resume, and another...
GBPUSD Analysis – April 16, 2011
After breaking above 1.6400 resistance, GBPUSD’s rise from 1.5936 is treated as resumption of uptrend from 1.5344. Further rise is still possible in a couple of weeks, and next target would be at 1.6600 zone. Support is...