AUDUSD Analysis – March 27, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. As long as the channel support holds, further rally is possible and next target would be at 0.9300 area. However, a...
Author: ForexCycle.com
GBPUSD Analysis – March 27, 2010
GBPUSD is testing 1.4784 key support, a breakdown below this level will indicate that a cycle top has been formed at 1.5382 level on daily chart, then deeper decline to 1.4500 area could be seen. Key resistance...
EURUSD Analysis – March 27, 2010
EURUSD broke below 1.3435 support and formed a cycle top at 1.3817 level on daily chart, suggesting that the long term downtrend from 1.5144 has resumed. Deeper decline is still possible in a couple of weeks and...
USDCAD Analysis – March 20, 2010
USDCAD remains in downtrend from 1.0779 and the fall extends further to as low as 1.0061 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.9900-1.0000 area. Resistance is at...
USDCHF Analysis – March 20, 2010
Being contained by the rising trend line from 0.9917 to 1.0132, USDCHF bounced from 1.0506, suggesting that a cycle bottom is being formed on daily chart. Another rise towards 1.1000 would more likely be seen in a...
USDJPY Analysis – March 20, 2010
USDJPY traded in a narrow range between 89.63 and 91.08 for several days. Now the price action in the trading range is more likely consolidation of uptrend from 84.82. As long as 89.63 support holds, another rise...
AUDUSD Analysis – March 20, 2010
AUDUSD remains in uptrend from 0.8577. Further rally is still possible next week and next target would be at 0.9300 area. Initial support is at 0.9095, as long as this level holds, uptrend could be expected to...
GBPUSD Analysis – March 20, 2010
GBPUSD broke above the falling trend line, suggesting that a cycle bottom has been formed at 1.4784 level on daily chart. However, another cycle top is nearing, a break below 1.4784 previous low will indicate that a...
EURUSD Analysis – March 20, 2010
EURUSD is forming a cycle top at 1.3817 level on daily chart. Key support is located at 1.3435, a break below this level will confirm the cycle top and indicate that the long term downtrend from 1.5144...
USDCAD Analysis – March 13, 2010
USDCAD broke below 1.0206 previous low, suggesting that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed. Further decline is expected next week and next target would be at 1.0000 area. Resistance is at 1.0320,...