AUDUSD Analysis – January 1, 2011

by ForexCycle.com | January 1, 2011 12:29 pm
AUDUSD broke above 1.0182 previous high and reached as high as 1.0255 level. Further rise is still possible next week and next target would be at 1.0500 area. Support is at 1.0100 followed by 0.9980, only break...

GBPUSD Analysis – January 1, 2011

by ForexCycle.com | January 1, 2011 12:28 pm
Being contained by 1.5296 key support, GBPUSD rebounded from 1.5344. Resistance is at the downtrend line from 1.6298 to 1.5910, as long as the trend line resistance holds, downtrend from 1.6298 could be expected to continue and...

EURUSD Analysis – January 1, 2011

by ForexCycle.com | January 1, 2011 12:25 pm
EURUSD moved sideways in a range between 1.2969 and 1.3497. The price action in the trading range is treated as consolidation of downtrend from 1.4281, as long as 1.3497 resistance holds, another fall towards 1.2500 is still...

USDCAD Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:29 pm
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.

USDCAD Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:29 pm
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.

USDCHF Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:29 pm
USDCHF’s fall from 1.0066 extended to as low as 0.9497. Key resistance is now at 0.9733, as long as this level holds, downtrend could be expected to continue and one more fall towards 0.9463 previous low is...

USDJPY Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:28 pm
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 81.00-82.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at...

AUDUSD Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:27 pm
AUDUSD’s upward move from 0.9537 extended to as high as 1.0064 level. Further rise towards 1.0182 previous high is still possible next week. Support is at 0.9900, as long as this level holds, uptrend could be expected...

GBPUSD Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:26 pm
GBPUSD’s downward move from 1.5910 extended to as low as 1.5356 level. Deeper decline to test 1.5296 key support is expected next week, a breakdown below this level will confirm that the long term uptrend from 1.4230...

EURUSD Analysis – December 25, 2010

by ForexCycle.com | December 25, 2010 5:24 pm
EURUSD has formed a cycle top at 1.3497 level on daily chart. Deeper decline is expected next week and next target would be at 1.2800 area. Initial resistance is at 1.3200 followed by 1.3350, only break above...