EURUSD Analysis – April 16, 2011
EURUSD remains in uptrend from 1.2874, and the rise extended to as high as 1.4519. Further rise could be seen in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300,...
Author: ForexCycle.com
USDCAD Analysis – April 9, 2011
USDCAD’s downward move from 1.0672 extended to as low as 0.9526. Further fall is still possible in a couple of weeks, and next target would be at 0.9300-0.9400 area. Resistance is at 0.9650, as long as this...
USDCHF Analysis – April 9, 2011
USDCHF has formed a cycle top at 0.9339 level on daily chart. Deeper decline towards 0.8922 previous low could be seen next week, a breakdown below this level will indicate that the downtrend from 1.1730 (Jun 1,...
USDJPY Analysis – April 9, 2011
USDJPY’s upward move from 76.40 extended to as high as 85.51. Support is at 83.85, as long as this level holds, uptrend could be expected to continue, and next target would be at 87.50 area. However, a...
AUDUSD Analysis – April 9, 2011
AUDUSD continued its upward movement from 0.9704 and reached as high as 1.0581. Further rise is expected next week, and next target would be at 1.0800 area. Support is at 1.0450, as long as this level holds,...
GBPUSD Analysis – April 9, 2011
GBPUSD broke above 1.6400 previous high and reached as high as 1.6427, suggesting that the uptrend from 1.5344 has resumed. Further rise is still possible in a couple of weeks, and next target would be at 1.6600...
EURUSD Analysis – April 9, 2011
After a minor consolidation, EURUSD broke above 1.4281 resistance and reached as high as 1.4487. Further rise is expected in a couple of weeks, and next target would be at 1.4700-1.4800 area. Support is at 1.4300, as...
USDCAD Analysis – April 3, 2011
USDCAD broke below 0.9667 support, suggesting that the downtrend from 1.0672 has resumed. Further fall is expected in a couple of weeks and next target would be at 0.9500 area. Resistance is at 0.9700, as long as...
USDCHF Analysis – April 3, 2011
USDCHF’s bounce from 0.8922 extended to as high as 0.9339. Further rally is still possible in a couple of days and next target would be at 0.9400 area. However, the bounce is treated as consolidation of long...
USDJPY Analysis – April 3, 2011
USDJPY’s rise from 76.40 extended to as high as 84.71. Further rise to 86.00-87.00 area to reach next cycle top on daily chart is possible. Support is now at 83.00, a breakdown below this level will indicate...