USDJPY Analysis – May 22, 2010
USDJPY’s fall from 93.62 extends to as low as 88.98 level. As long as 88.14 key support holds, we’d expect uptrend to resume and another rise towards 94.98 is still possible. Resistance is now at 91.00, a...
Author: ForexCycle.com
AUDUSD Analysis – May 22, 2010
AUDUSD broke below the trading range between 0.8577 and 0.9404, and reached as low as 0.8071 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is now...
GBPUSD Analysis – May 22, 2010
GBPUSD has reached the lower border of the falling price channel on daily chart. Minor consolidation of downtrend from 1.5522 would more likely be seen and range trading between 1.4230 and 1.4800 is expected in a couple...
EURUSD Analysis – May 22, 2010
After breaking below 1.2329 (Oct 28, 2008 low) previous low, EURUSD bounced from 1.2144, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.2144 and 1.3000 would more likely be seen in...
USDCAD Analysis – May 16, 2010
USDCAD formed a cycle top at 1.0735 level on daily chart. Range trading between 1.0110 and 1.0500 would more likely be seen next week. Support is at 1.0110, below this level could indicate that that downtrend from...
USDCHF Analysis – May 16, 2010
USDCHF continues its upward movement from 1.0434 and the rise extends to as high as 1.1335 level. Support is at 1.1200, as long as this level holds, further rally is still possible and next target would be...
USDJPY Analysis – May 16, 2010
USDJPY formed a cycle bottom at 88.25 level on daily chart. Further rise to test 94.98 resistance could be seen after a minor consolidation, a break above this level will trigger another rise to 100.00 area. Support...
AUDUSD Analysis – May 16, 2010
AUDUSD stays in a trading range between 0.8577 and 0.9404. Sideways movement in the range could be expected to continue in a couple of weeks. Now a cycle bottom is being formed at 0.8715 level on daily...
GBPUSD Analysis – May 16, 2010
GBPUSD remains in downtrend from 1.5522, deeper decline is still in favor and next target would be at 1.4200 area. Resistance is now at 1.5053, only rise above this level could take price back towards the upper...
EURUSD Analysis – May 16, 2010
EURUSD’s downtrend from 1.5144 extends to as low as 1.2353 level. Now the pair is facing the support of 1.2329 (Oct 28, 2008 low), below this level could trigger deeper decline to 1.1300 area. Resistance is now...