USDCAD Analysis – August 15, 2010
USDCAD had formed a cycle bottom at 1.0107 level on daily chart. Further rally is expected in next several days and next target would be at 1.0600-1.0700 area. Support is at 1.0350 followed by 1.0280, as long...
Author: ForexCycle.com
USDCHF Analysis – August 15, 2010
USDCHF is forming a cycle bottom at 1.0331 level on daily chart. Range trading between 1.0331 and 1.0675 is expected in a couple of weeks. Key resistance is at 1.0675, above this level could indicate that the...
USDJPY Analysis – August 15, 2010
After touching 84.82 (2009 low) support, USDJPY rebounded from 84.72, suggesting that a cycle bottom is being formed on daily chart. Further rally would more likely be seen in next several days and target would be at...
AUDUSD Analysis – August 15, 2010
AUDUSD has formed a cycle top at 0.9221 level on daily chart. Further decline is expected in next several days, and target would be at 0.8700 area. However, the fall from 0.9221 is treated as correction of...
GBPUSD Analysis – August 15, 2010
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.4230, and the fall from 1.5997 is treated as consolidator of uptrend. Range trading between 1.5400 and 1.5997 would more likely be...
EURUSD Analysis – August 15, 2010
EURUSD dropped sharply from 1.3333 and the fall extended to as low as 1.2749, suggesting that a cycle top had been formed on daily chart, and the rise from 1.1876 had completed at 1.3333 already.
USDCAD Analysis – August 7, 2010
After touching 1.0138 support, USDCAD bounced from 1.0107, suggesting that a cycle bottom is being formed on daily chart. Key resistance is now at 1.0395, a break above this level will confirm the cycle bottom, then rise...
USDCHF Analysis – August 7, 2010
USDCHF’s downward movement extended further to as low as 1.0331 level. However, the pair had lost momentum, move sideways in a range between 1.0250 and 1.0550 would more likely be seen in a couple of weeks.
USDJPY Analysis – August 7, 2010
USDJPY’s downward movement from 92.88 extended to as low as 85.02. Further fall towards 84.82 (2009 low) could be seen next week, a break below this level will target 82.00 or even lower.
AUDUSD Analysis – August 7, 2010
AUDUSD remains in uptrend from 0.8315. Further rise to 0.9300 resistance zone is still possible next week, and minor consolidation would more likely be seen after reaching the resistance zone. Key support is at 0.8905, any pullback...