GBPUSD Analysis – June 5, 2010
GBPUSD might be forming a cycle top at 1.4769 level on daily chart and the fall from 1.4769 could possibly be resumption of downtrend. Key support is now at 1.4230, a break below this level will confirm...
Author: ForexCycle.com
EURUSD Analysis – June 5, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends to as low as 1.1955 level. Resistance is now at 1.2330, as long as this level holds, downtrend could be expected to continue and deeper decline...
USDCAD Analysis – May 29, 2010
USDCAD dropped sharply from 1.0852, suggesting that a cycle top is being formed on daily chart. Deeper decline toward the rising trend line from 0.9930 to 1.0110 is expected next week. A clear break below the trend...
USDCHF Analysis – May 29, 2010
USDCHF remains in uptrend from 1.0434 and the fall from 1.1695 is treated as consolidation of uptrend. Support is now at 1.1400, as long as this level holds, we’d expect uptrend to resume and another rise to...
USDJPY Analysis – May 29, 2010
USDJPY traded 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 – May 29, 2010
AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next...
GBPUSD Analysis – May 29, 2010
Being supported by the lower border of the falling price channel on daily chart, GBPUSD bounced from 1.4230 level. Range trading between 1.4230 and 1.4800 is expected in a couple of weeks. However, the bounce is more...
EURUSD Analysis – May 29, 2010
EURUSD remains in downtrend and the price action from 1.2144 is more likely consolidation of downtrend. Rang trading between 1.2144 and 1.2671 is expected to continue next week. Support is at 1.2144, a breakdown below this level...
USDCAD Analysis – May 22, 2010
USDCAD’s bounce from 0.9930 extends to as high as 1.0749 level. Further rally is still possible next week and next target would be at 0.0850-1.0900 area. Support is now at 1.0425 followed by the rising trend line...
USDCHF Analysis – May 22, 2010
USDCHF remains in uptrend from 1.0434 and the rise extended to as high as 1.1585 level. Further rally is still possible next week and next target would be at 1.1800 area. Support is at 1.1350, as long...