USDCHF Analysis – January 22, 2011
USDCHF may be forming a cycle top at 0.9783 level on daily chart. As long as 0.9300 support holds, the fall from 0.9783 is treated as correction of uptrend from 0.9300, and one more rise to 1.0000...
Author: ForexCycle.com
USDJPY Analysis – January 22, 2011
USDJPY formed a cycle bottom at 80.93 level on daily chart. Further rise to 85.50 area to reach next cycle top is possible next week. Support is at 81.85, a breakdown below this level will indicate that...
AUDUSD Analysis – January 22, 2011
AUDUSD may be forming a cycle bottom at 0.9803 level on daily chart. Key resistance is at 1.0076, a break above this level will confirm the cycle bottom, then rise towards 1.0500 area could be seen. Support...
GBPUSD Analysis – January 22, 2011
GBPUSD broke above 1.5910 key resistance and reached as high as 1.6058 level. Now the rise from 1.5344 could possibly be resumption of long term uptrend from 1.4230 (May 20, 2010 low). Further rise towards 1.6298 previous...
EURUSD Analysis – January 22, 2011
EURUSD broke above 1.3497 key resistance, suggesting that the downward movement from 1.4281 had completed at 1.2874 already. Now the rise from 1.2874 could possibly be resumption of long term uptrend from 1.1876 (Jun 7, 2010 low),...
USDCAD Analysis – January 15, 2011
USDCAD remains in downtrend from 1.0285 and the fall extended to as low as 0.9848 level. Further decline is still possible next week and next target would be at 0.9700 area. Resistance is at 0.9980, as long...
USDCHF Analysis – January 15, 2011
USDCHF may be forming a cycle top at 0.9783 level on daily chart. Pullback to 0.9400-0.9500 area would likely be seen next week. As long as 0.9300 key support holds, the fall from 0.9783 is treated as...
USDJPY Analysis – January 15, 2011
USDJPY formed a cycle bottom at 80.93 level on daily chart. The price action from 80.30 is treated as consolidation of downtrend from 94.98. Further rise towards 85.50 area to complete the consolidation would likely be seen.
AUDUSD Analysis – January 15, 2011
AUDUSD may be forming a cycle bottom at 0.9803 level on daily chart. Resistance is at 1.0020, a break above this level will confirm the cycle bottom and indicate that the fall from 1.0255 is complete, then...
GBPUSD Analysis – January 15, 2011
GBPUSD failed to break below 1.5296 key support and bounced to as high as 1.5888 level. Now the pair is facing 1.5910 resistance, a break above this level will confirm that the rise from 1.5344 is resumption...