USDCHF Analysis – February 6, 2010
USDCHF remains in uptrend from 1.0132 and the rise extends to as high as 1.0794 level. Further rally is still possible next week and target would be at 1.0850-1.0900 area. Support level is now at 1.0600, as...
Author: ForexCycle.com
USDJPY Analysis – February 6, 2010
USDJPY stays in a falling price channel and remains in downward movement from 93.75. Another fall is still possible next week and target would be at 88.00 area. Resistance is now at the upper border of the...
AUDUSD Analysis – February 6, 2010
AUDUSD breaks below 0.8734 support and reaches as low as 0.8577 level. Deeper decline is still possible next week and target would be at 0.8500 area. However, next cycle bottom on daily chart is nearing and bounce...
GBPUSD Analysis – February 6, 2010
GBPUSD breaks below 1.5708 key support and the fall from 1.6456 extends to as low as 1.5558 level, suggesting another decline is underway. Target for next week would be at 1.5200-1.5300 area. Near term resistance is at...
EURUSD Analysis – February 6, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the...
EURUSD Analysis – February 6, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends further to as low as 1.3585 level. Deeper decline is still possible next week and next target would be at 1.3300-1.3400 area. Resistance remains at the...
USDCAD Analysis – January 30, 2010
USDCAD failed to break below 1.0206 support and bounced from 1.0224. Now the pair is forming a double bottom pattern on daily chart. Further rise to test 1.0852 key resistance is expected in a couple of weeks,...
USDCHF Analysis – January 30, 2010
As expected, USDCHF broke above 1.0507 resistance and reached as high as 1.0640 level. Further rally is still in favor next week and next target would be at 1.0800 area. Support is at 1.0450, as long as...
USDJPY Analysis – January 30, 2010
USDJPY stays in a falling price channel on daily chart and remains in downtrend from 93.75. One more fall towards 88.50 area to reach next cycle bottom is possible next week. Resistance is at the upper border...
AUDUSD Analysis – January 30, 2010
AUDUSD formed a cycle top at 0.9327 level on daily chart. Support at 0.8734 would be re-tested next week, a breakdown below this level will suggest deeper decline towards 0.8500 area. Resistance is at 0.9000, as long...