USDJPY Analysis – June 23, 2012

by ForexCycle.com | June 23, 2012 1:25 pm
USDJPY is facing 80.61 key resistance, a break above this level will confirm that the downward movement from 84.17 has completed at 77.66 already, then the following upward movement could bring price to 83.00 area. Support is...

AUDUSD Analysis – June 23, 2012

by ForexCycle.com | June 23, 2012 1:24 pm
AUDUSD may be forming a cycle top at 1.0223 on daily chart. Further decline would likely be seen next week, and next target would be at 0.9850 area. However, the fall from 1.0223 would possibly be consolidation...

GBPUSD Analysis – June 23, 2012

by ForexCycle.com | June 23, 2012 1:23 pm
GBPUSD may be forming a cycle top at 1.5776 on daily chart. Further fall to test 1.5268 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6301, then next...

EURUSD Analysis – June 23, 2012

by ForexCycle.com | June 23, 2012 1:21 pm
EURUSD may be forming a cycle top at 1.2747 on daily chart. Key support is now located at 1.2500, a breakdown below this level will indicate that the downtrend from 1.3486 has resumed, then further decline towards...

USDCAD Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:57 am
USDCAD is now in downtrend from 1.0445. Further decline would likely be seen next week, and next target would be at 1.0000 area. Resistance levels are at 1.0325 and 1.0445, only break above these levels could trigger...

USDCHF Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:57 am
USDCHF breaks below 0.9500 key support, suggesting that a cycle top has been formed at 0.9769 on daily chart, and the upward movement from 0.9043 has completed. Deeper decline could be expected next week, and next target...

USDJPY Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:56 am
USDJPY has formed a cycle bottom at 77.66 on daily chart. Another rise to test 80.61 key resistance would likely be seen next week, as long as this level holds, the price action from 77.66 could be...

AUDUSD Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:55 am
AUDUSD has formed a cycle bottom at 0.9581 on daily chart. The pair is now in uptrend from 0.9581, further rise could be expected next week, and next target would be at 1.0300 area. Support is at...

GBPUSD Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:55 am
GBPUSD failed to break below 1.5236 support, and rebounded from 1.5268. Further rise is still possible next week, and next target would be at 1.6000 area. Support is at 1.5450, only break below this level could trigger...

EURUSD Analysis – June 16, 2012

by ForexCycle.com | June 16, 2012 4:53 am
EURUSD has formed a cycle bottom at 1.2288 on daily chart. Further rally is still possible next week, and next target would be at 1.2800-1.2900 area. However, the rise from 1.2288 is likely consolidation of the downtrend...