GBPUSD Analysis – December 29, 2012

by ForexCycle.com | December 29, 2012 2:27 pm
GBPUSD breaks below 1.6100 support, suggesting that a cycle top has been formed at 1.6306 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Key resistance is...

EURUSD Analysis – December 29, 2012

by ForexCycle.com | December 29, 2012 2:25 pm
EURUSD stays within an upward price channel on daily chart, and remains in uptrend from 1.2661, the fall from 1.3308 is likely consolidation of the uptrend. Support is at the lower line of the channel, as long...

USDCAD Analysis – December 22, 2012

by ForexCycle.com | December 22, 2012 11:28 am
USDCAD remains in downtrend from 1.0055, the rise from 0.9824 is likely correction of the downtrend. Another fall is still possible after correction, and a breakdown below 0.9824 could signal resumption f the downtrend. Resistance levels are...

USDCHF Analysis – December 22, 2012

by ForexCycle.com | December 22, 2012 11:27 am
USDCHF remains in downtrend from 0.9511, and the fall extends to as low as 0.9083. Further decline would likely be seen next week, and next target would be at 0.9000 area. Resistance is located at the upper...

USDJPY Analysis – December 22, 2012

by ForexCycle.com | December 22, 2012 11:26 am
USDJPY remains in uptrend from 77.14. Another rise could be expected after a minor consolidation, and next target would be at 86.00 area. Support is now at 83.00, as long as this level holds, the uptrend will...

AUDUSD Analysis – December 22, 2012

by ForexCycle.com | December 22, 2012 11:25 am
AUDUSD breaks below the lower line of the price channel on daily chart, suggesting that a cycle top has been formed at 1.0585, and the uptrend from 1.0149 has completed. Further decline could be expected next week,...

GBPUSD Analysis – December 22, 2012

by ForexCycle.com | December 22, 2012 11:24 am
Being contained by 1.6309 previous high resistance, GBPUSD pulls back from 1.6306. However, the fall is likely consolidation of the uptrend from 1.5827, range trading between 1.6100 and 1.6306 would likely be seen next week.

EURUSD Analysis – December 22, 2012

by ForexCycle.com | December 22, 2012 11:23 am
EURUSD remains in uptrend from 1.2661, and the rise extends to as high as 1.3308. Further rise is still possible next week, and next target would be at 1.3400 area. Support is located at the lower line...

USDCAD Analysis – December 15, 2012

by ForexCycle.com | December 15, 2012 2:28 pm
USDCAD’s downward movement from 1.0055 extends to as low as 0.9824. Further decline could be seen after a minor consolidation, and next target would be at 0.9700 area. Resistance is at 0.9900, as long as this level...

USDCHF Analysis – December 15, 2012

by ForexCycle.com | December 15, 2012 2:25 pm
USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance levels are at 0.9300 and 0.9400, as long...