GBPUSD Analysis – June 2, 2012

by ForexCycle.com | June 2, 2012 8:59 am
GBPUSD is facing 1.5236 support, a breakdown below this level will indicate that the downtrend from 1.6745 (Apr 28, 2011 high) has resumed, then further decline towards 1.4500 could be seen. Resistance is at 1.5500, only break...

EURUSD Analysis – June 2, 2012

by ForexCycle.com | June 2, 2012 8:57 am
EURUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2288. As long as the trend line resistance holds, downtrend could be expected...

USDCAD Analysis – May 26, 2012

by ForexCycle.com | May 26, 2012 12:23 pm
USDCAD continues its upward movement from 0.9799, and the rise extends to as high as 1.0311. Further rise could be seen next week, and next target would be at 1.0400 area. Key support is at 1.0200, only...

USDCHF Analysis – May 26, 2012

by ForexCycle.com | May 26, 2012 12:22 pm
USDCHF breaks above 0.9594 previous high resistance, suggesting that the uptrend from 0.7067 (Aug 9, 2011 low) has resumed. Further rise could be expected in a couple of weeks, and next target would be at 0.9800 area....

USDJPY Analysis – May 26, 2012

by ForexCycle.com | May 26, 2012 12:21 pm
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 78.00...

AUDUSD Analysis – May 26, 2012

by ForexCycle.com | May 26, 2012 12:20 pm
AUDUSD’s downward movement from 1.0855 extends to as low as 0.9589. Further decline could be expected next week, and next target would be at 0.9500 area. Key resistance is at 1.0000, a break above this level will...

GBPUSD Analysis – May 26, 2012

by ForexCycle.com | May 26, 2012 12:19 pm
GBPUSD’s downward movement from 1.6301 extends to as low as 1.5630. Further decline would likely be seen next week, and next target would be at 1.5400 area. Resistance is at 1.5750, only break above this level could...

EURUSD Analysis – May 26, 2012

by ForexCycle.com | May 26, 2012 12:18 pm
EURUSD breaks below 1.2624 support, suggesting that the downtrend from 1.4939 (May 4, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.2200 area. Initial resistance is at...

USDCAD Analysis – May 19, 2012

by ForexCycle.com | May 19, 2012 3:25 am
USDCAD’s upward movement from 0.9799 extends to as high as 1.0226. Further rise would likely be seen next week and next target would be at 1.0400 area. Support is at 1.0080, as long as this level holds,...

USDCHF Analysis – May 19, 2012

by ForexCycle.com | May 19, 2012 3:24 am
USDCHF’s upward movement from 0.8931 extends to as high as 0.9500. Another rise to test 0.9594 previous high resistance would likely be seen next week, a break above this level will indicate that the longer term uptrend...