USDJPY Analysis – June 26, 2010
USDJPY stayed in a trading range between 88.14 and 94.98 for several months. Now the pair is moving towards 88.14 key support, a breakdown below this level will indicate that the bounce from 84.82 (2009 low) is...
Author: ForexCycle.com
AUDUSD Analysis – June 26, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as consolidation of uptrend. Support is at 0.8450, as long as this level holds, we’d expect uptrend to resume and one more rise to...
GBPUSD Analysis – June 26, 2010
GBPUSD’s bounce from 1.4230 extends further to as high as 1.5076. Upward movement is expected to continue next week and target is at the upper boundary of the falling price channel. Support levels are at 1.4855 and...
EURUSD Analysis – June 26, 2010
EURUSD’s bounce from 1.1876 extended to as high as 1.2466. Another rise towards 1.2671 key resistance is expected after a minor consolidation, a break above this level will indicate that the long term downtrend from 1.5144 has...
USDCAD Analysis – June 19, 2010
USDCAD remains in downtrend from 1.0852 and the fall extends to as low as 1.0206. Deeper decline is still in favor and next target would be at 1.0100 area. Resistance is at the downtrend line from 1.0852...
USDCHF Analysis – June 19, 2010
USDCHF dropped sharply to as low as 1.1081 level, suggesting that the rise from 0.9917 (2009 low) has completed at 1.1730 already. Deeper decline is still possible next week and next target would be at 1.0800-1.0900 area....
USDJPY Analysis – June 19, 2010
No changed in our view, USDJPY is forming a sideways consolidation in a range between 88.14 and 94.98. Another rise towards 94.98 previous high would more likely be seen before breaking below 88.14 key support.
AUDUSD Analysis – June 19, 2010
AUDUSD broke above 1.8550 key resistance and reached as high as 0.8729. Further rally is still possible next week and next target would be at 0.9000 area. Support level is at 0.8505, as long as this level...
GBPUSD Analysis – June 19, 2010
GBPUSD’s bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price channel. Pullback would more likely be seen next week. Support is now at the...
EURUSD Analysis – June 19, 2010
EURUSD broke above the price channel on daily chart. Further rise to test 1.2671 key resistance is expected. A break above this level will indicate that the downtrend from 1.5144 has completed at 1.1876 already, then next...