USDJPY Analysis – August 29, 2010
USDJPY may be forming a cycle bottom at 83.62 level on daily chart. Key resistance is at the falling trend line from 92.88 to 88.11, a clear break above the trend line resistance will confirm the cycle...
Author: ForexCycle.com
AUDUSD Analysis – August 29, 2010
AUDUSD might be forming a cycle bottom at 0.8771 level on daily chart. Further rally to test 0.9079 key resistance is expected next week, a break above this level will confirm the cycle bottom, then another rise...
GBPUSD Analysis – August 29, 2010
GBPUSD remains in downward movement from 1.5997 and the fall extended to as low as 1.5372. Deeper decline is still possible next week and target would be at 1.5300 area. Key resistance is at 1.5701, only break...
EURUSD Analysis – August 29, 2010
EURUSD’s fall extended to as low as 1.2587. Key resistance is at 1.2921, as long as this level holds, downtrend is expected to continue and next target would be at 1.2500 area. However, above 1.2921 will indicate...
USDCAD Analysis – August 21, 2010
USDCAD continues its upward movement and the rise from 1.0107 extends to as high as 1.0513. Further rise is still possible next week and next target would be at 1.0676 resistance. Support is now at the uptrend...
USDCHF Analysis – August 21, 2010
USDCHF broke below 1.0331 support and the fall from 1.1730 extends to as low as 1.0257. As long as 1.0675 key resistance holds, further decline is still possible and next target would be at 1.0200 area, only...
USDJPY Analysis – August 21, 2010
USDJPY may be forming a cycle bottom at 84.72 level on daily chart. Key resistance is at the falling trend line, a clear break above the trend line resistance could confirm the cycle bottom, then the following...
AUDUSD Analysis – August 21, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.9221 is more likely consolidation of uptrend. Deeper decline to 0.8700 area to reach next cycle bottom on daily chart is expected next week. Key resistance is...
GBPUSD Analysis – August 21, 2010
GBPUSD broke below the uptrend line on daily chart, suggesting that lengthier consolidation of uptrend from 1.4230 is underway. Deeper decline is still possible next week and target would be at 1.5300-1.5400 area. Resistance is at 1.5715,...
EURUSD Analysis – August 21, 2010
EURUSD broke below 1.2732 support level and the fall from 1.3333 extended to as low as 1.2663. Deeper decline is still possible and the target for next week would be at 1.2500 area. Resistance is at 1.2930,...