GBPUSD Analysis – May 1, 2010
GBPUSD remains in consolidation of long term downtrend from 1.7042 (Aug 5, 2009 high). One more rise to the upper border of the falling price channel to reach next cycle top on daily chart is expected in...
Author: ForexCycle.com
EURUSD Analysis – May 1, 2010
EURUSD’s downtrend from 1.5144 was limited by the lower boundary of the falling price channel on daily chart. However, the bounce from 1.3114 is more likely consolidation of downtrend. Another fall to 1.3000 area is still possible...
Forex Technical Analysis
Forex traders who employ technical analysis techniques often just use past exchange rate movements seen in the market to forecast the future exchange rate behavior. Technical analysis takes many forms, and might including looking over forex charts...
USDCAD Analysis – April 24, 2010
USDCAD’s downtrend extended further to as low as 0.9930. Deeper decline is still possible in a couple of weeks and next target would be at 0.9500 area. Resistance is now at the falling trend line on daily...
USDCHF Analysis – April 24, 2010
USDCHF breaks above 1.0785 resistance. Further rally towards 1.0898 previous high is still possible next week. As long as this level holds, we’d expect downtrend to resume and another fall to 1.0200 would more likely be seen,...
USDJPY Analysis – April 24, 2010
USDJPY is forming a cycle bottom at 91.60 level on daily chart. Key resistance is at 94.68, a break above this level will confirm the cycle bottom and indicate that the uptrend from 88.14 has resumed, then...
AUDUSD Analysis – April 24, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise towards 0.9404 previous high is still possible after consolidation, and a break above this level will trigger another rise...
GBPUSD Analysis – April 24, 2010
GBPUSD is in consolidation of downtrend from 1.7042 (Aug 5, 2009 high). Further rise towards the upper boundary of the falling price channel is expected next week and pullback would more likely be seen after touching the...
EURUSD Analysis – April 24, 2010
EURUSD’s downtrend from 1.5144 extends to as low as 1.3202 level. Deeper decline to 1.3000 to reach next cycle bottom on daily chart is still possible, and next cycle bottom is nearing. Resistance is now at the...
USDCAD Analysis – April 17, 2010
USDCAD breaks above the upper boundary of the falling price channel on daily chart, suggesting minor consolidation of downtrend from 1.0779 is underway. Further rally towards 1.0302 is expected next week. As long as this level holds,...