AUDUSD Analysis – April 3, 2011
AUDUSD’s upward movement from 0.9704 extended to as high as 1.0394. Further rise is still possible, and next target would be at 1.0500 zone. Support is at 1.0200, as long as this level holds, uptrend could be...
Author: ForexCycle.com
GBPUSD Analysis – April 3, 2011
GBPUSD may be forming a cycle bottom at 1.5936 level on daily chart. Further rise towards 1.6400 previous high would likely be seen in next several days. Support is at 1.5936, only break below this level could...
EURUSD Analysis – April 3, 2011
EURUSD is in uptrend from 1.2874, the price action in the trading range between 1.4020 and 1.4248 is treated as consolidation of uptrend. Another rise to test 1.4281 would likely be seen, above this level will target...
USDCAD Analysis – March 26, 2011
USDCAD formed a cycle top at 0.9973 level on daily chart. Deeper decline towards 0.9667 previous low could be seen next week, a breakdown below this level will indicate that the long term downtrend from 1.0672 has...
USDCHF Analysis – March 26, 2011
USDCHF formed a cycle bottom at 0.8922 level on daily chart. Range trading between 0.8922 and 0.9300 would likely be seen in a couple of weeks. However, the bounce 0.8922 is treated as consolidation of downtrend, another...
USDJPY Analysis – March 26, 2011
USDJPY remains in long term downtrend from 124.16 (2007 high), and the bounce from 76.40 is treated as consolidation of downtrend. Another fall is expected next week, and target would be at 78.00 area.
AUDUSD Analysis – March 26, 2011
AUDUSD broke above 1.0255 previous high and reached as high as 1.0293. Further rise is still possible next week, and next target would be at 1.0400-1.0500 area. Key support is now at 0.9704, only break below this...
GBPUSD Analysis – March 26, 2011
GBPUSD formed a cycle top at 1.6400 level on daily chart. Deeper decline is still possible next week, and target would be at 1.5700-1.5800 area. The fall from 1.6400 is treated as consolidation of uptrend from 1.5344,...
EURUSD Analysis – March 26, 2011
Being contained by 1.4281 resistance, EURUSD pulled back from 1.4248, suggesting that a cycle top is being formed on daily chart. Range trading between 1.3900 and 1.4248 would likely be seen next week. However, the fall from...
USDCAD Analysis – March 20, 2011
USDCAD is forming a cycle top at 0.9973 level on daily chart. Key support is at 0.9667, a breakdown below this level will confirm the cycle top, then another fall towards 0.9500 could be seen. Resistance is...