USDCHF Analysis – April 17, 2010
USDCHF has formed a cycle top at 1.0785 level on daily chart. Fall to 1.0200-1.0300 to reach next cycle bottom is expected in a couple of weeks. Key resistance is now located at 1.0785, only rise above...
Author: ForexCycle.com
USDJPY Analysis – April 17, 2010
USDJPY has formed a cycle top at 94.68 level on daily. Deeper decline is now in favor and next target would be at 90.00-91.00 area. Resistance is now at 93.70, only rise above this level could indicate...
AUDUSD Analysis – April 17, 2010
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top is being formed on daily chart. Deeper decline towards the lower border of the rising price channel is expected next...
GBPUSD Analysis – April 17, 2010
GBPUSD is in consolidation of long term downtrend from 1.7042 (Aug 5, 2009 high). Rise towards the upper boundary of the falling price channel on daily chart is still possible next week. As long as the channel...
EURUSD Analysis – April 17, 2010
EURUSD stays in a trading range between 1.3267 and 1.3817. As long as 1.3817 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.5144 and another fall towards 1.3000 area...
USDCAD Analysis – April 10, 2010
USDCAD stays in a falling price channel on daily chart and remains in downtrend from 1.0779. Another drop towards 0.9900 could be seen next week after a minor consolidation. Resistance is at the upper border of the...
USDCHF Analysis – April 10, 2010
USDCHF might be forming a cycle top at 1.0785 level on daily chart and the fall could possibly be resumption of downtrend. Another fall towards 1.0434 would more likely be seen in a couple of weeks. Resistance...
USDJPY Analysis – April 10, 2010
USDJPY remains in uptrend from 88.14 and the fall from 94.68 is more likely consolidation of uptrend. Range trading between 92.00 and 94.68 could be seen in a couple of weeks and another rise towards 100.00 is...
AUDUSD Analysis – April 10, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise to test 0.9404 key resistance is expected next week. Support is at the lower border of the price channel,...
GBPUSD Analysis – April 10, 2010
GBPUSD broke above 1.5382 key resistance, suggesting that the downtrend from 1.6875 has completed at 1.4784 already. Further rally would more likely be seen in next several weeks, and target would be at the upper border of...