GBPUSD Analysis – October 6, 2013

by ForexCycle.com | October 6, 2013 10:20 am
GBPUSD remains in uptrend from 1.4813, the fall from 1.6259 is likely consolidation of the uptrend. Support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could...

EURUSD Analysis – October 6, 2013

by ForexCycle.com | October 6, 2013 10:18 am
EURUSD’s upward movement from 1.2756 extends to as high as 1.3646. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue,...

USDCAD Analysis – September 28, 2013

by ForexCycle.com | September 28, 2013 1:08 pm
USDCAD remains in downtrend from 1.0568, the rise from 1.0182 is likely consolidation of the downtrend. Resistance is at 1.0380, as long as this level holds, the downtrend could be expected to resume, and another fall towards...

USDCHF Analysis – September 28, 2013

by ForexCycle.com | September 28, 2013 1:07 pm
USDCHF stays below a downward trend line on daily chart, and remains in downtrend from 0.9751. Key resistance is located at the trend line, as long as the trend line resistance holds, the downtrend could be expected...

USDJPY Analysis – September 28, 2013

by ForexCycle.com | September 28, 2013 1:06 pm
USDJPY is forming a triangle pattern in a range between 93.79 and 103.73. Key support is at 93.79, as long as this level holds, the price action in the pattern could be treated as consolidation of the...

AUDUSD Analysis – September 28, 2013

by ForexCycle.com | September 28, 2013 1:05 pm
AUDUSD remains in uptrend from 0.8847, the fall from 0.9526 is likely consolidation of the uptrend. Key support is now located at the lower line of the price channel on daily chart. As long as the channel...

GBPUSD Analysis – September 28, 2013

by ForexCycle.com | September 28, 2013 1:05 pm
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813. Key support is located at the trend line, as long as the trend line support holds, the uptrend could be expected...

EURUSD Analysis – September 28, 2013

by ForexCycle.com | September 28, 2013 1:02 pm
EURUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.2756. Further rise could be expected after a minor consolidation, and next target would be at 1.3750 area.

USDCAD Analysis – September 21, 2013

by ForexCycle.com | September 21, 2013 2:53 pm
USDCAD’s downward movement extended to as low as 1.0182. Further decline is still possible, and next target would be at 1.0000 area. Resistance is at 1.0420, only break above this level could trigger another rise towards 1.0750.

USDCHF Analysis – September 21, 2013

by ForexCycle.com | September 21, 2013 2:53 pm
USDCHF broke below 0.9130 support, suggesting that the downtrend from 0.9751 has resumed. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area.