USDCAD Analysis – June 12, 2010
USDCAD breaks below the uptrend line from 0.9930 to 1.0110. Deeper decline is expected next week and next target would be at 1.0100 area. Resistance is now at 1.0460, as long as this level holds, downtrend from...
Author: ForexCycle.com
USDCHF Analysis – June 12, 2010
USDCHF broke below the rising price channel on daily chart, suggesting lengthier consolidation of uptrend from 0.9917 is underway. Rang trading between 1.1200 and 1.1730 is expected in a next several weeks. As long as 1.1200 support...
USDJPY Analysis – June 12, 2010
USDJPY formed a sideways consolidation in a range between 88.14 and 94.98 for several months. Resistance is at 92.88, a break above this level could trigger another rise towards 94.98 previous high. Near term support is at...
AUDUSD Analysis – June 12, 2010
AUDUSD traded in a range between 0.8066 and 0.8550. Key resistance is at 0.8550, as long as this level holds, the price action in the range is treated as consolidation of downtrend and another fall towards 0.7500...
GBPUSD Analysis – June 12, 2010
GBPUSD might be forming a cycle top at 1.4769 level on daily chart. Key support is at 1.4230, a break below this level will confirm the cycle top, then another fall towards 1.4000 could be seen. Resistance...
EURUSD Analysis – June 12, 2010
EURUSD remains in downtrend from 1.5144 and the bounce from 1.1876 is treated as consolidation of downtrend. Resistance is at the falling price channel on daily chart, now at 1.2340, as long as the channel resistance holds,...
USDCAD Analysis – June 5, 2010
Being contained by the uptrend line from 0.9930 to 1.0110, USDCAD bounced strongly from 1.0333 level. Another rise towards 1.0852 is still possible in a couple of weeks, a break above this level will target 1.1100 area,...
USDCHF Analysis – June 5, 2010
USDCHF stays in a rising price channel on daily chart and remains in uptrend from 1.0434 and the fall from 1.1730 is more likely consolidation of uptrend. As long as 1.1400 support holds, uptrend is expected to...
USDJPY Analysis – June 5, 2010
USDJPY consolidated in a range between 88.14 and 94.98 for several months. Another rise towards 94.98 would more likely be seen in a couple of weeks, a break above this level will indicate that the uptrend from...
AUDUSD Analysis – June 5, 2010
AUDUSD is forming a cycle top at 0.8550 level on daily chart. Key support is at 0.8066, a breakdown below this level will confirm the cycle top and indicate that the downtrend from 1.9381 has resumed, then...