USDJPY Analysis – May 19, 2012

by ForexCycle.com | May 19, 2012 3:23 am
USDJPY’s downward movement extends to as low as 78.99. Resistance is now at the downtrend line on daily chart, as long as the trend line resistance holds, downtrend could be expected to continue and next target would...

AUDUSD Analysis – May 19, 2012

by ForexCycle.com | May 19, 2012 3:23 am
AUDUSD continues its downward movement from 1.0474, and reaches as low as 0.9795. Further decline would likely be seen next week, and next target would be at 0.9600 area. Resistance is at 1.0000, only break above this...

GBPUSD Analysis – May 19, 2012

by ForexCycle.com | May 19, 2012 3:22 am
GBPUSD breaks below the upward trend line on daily chart, and reaches as low as 1.5732, suggesting that the upward movement from 1.5236 has completed. Further decline would likely be seen next week, and next target would...

EURUSD Analysis – May 19, 2012

by ForexCycle.com | May 19, 2012 3:20 am
EURUSD is facing the 1.2624 support, a breakdown below this level will indicate that the long term downtrend from 1.4938 (May 4, 2011 high) has resumed, then further decline towards 1.1500 could be seen. Resistance is at...

USDCAD Analysis – May 12, 2012

by ForexCycle.com | May 12, 2012 2:06 pm
USDCAD break above 1.0051 key resistance, suggesting that the downtrend from 1.0523 has completed at 0.9799 already. Further rally could be seen next week, and next target would be at 1.0200 area. Key support is at 0.9799,...

USDCHF Analysis – May 12, 2012

by ForexCycle.com | May 12, 2012 2:05 pm
USDCHF is facing 0.9333 resistance, a break above this level will signal resumption of the uptrend from 0.8931, then further rise to test 0.9594 previous high resistance could be seen. Support is at 0.9230, only break below...

USDJPY Analysis – May 12, 2012

by ForexCycle.com | May 12, 2012 2:04 pm
USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 84.17. Resistance is located at the upper border of the channel, as long as the channel resistance holds, downtrend could be expected...

AUDUSD Analysis – May 12, 2012

by ForexCycle.com | May 12, 2012 2:03 pm
AUDUSD’s downward movement from 1.0474 extends to as low as 1.0018. Further fall could be expected next week, and next target would be at 0.9600-0.9700 area. Resistance is at 1.0150, as long as this level holds, the...

GBPUSD Analysis – May 12, 2012

by ForexCycle.com | May 12, 2012 2:02 pm
GBPUSD has formed a cycle top at 1.6301 on daily chart. Further decline to test the support of the upward trend line could be seen next week, a clear break below the trend line could signal completion...

EURUSD Analysis – May 12, 2012

by ForexCycle.com | May 12, 2012 2:01 pm
EURUSD breaks below 1.2975 support, suggesting that the downtrend from 1.3486 has resumed. Further decline could be expected next week, and next target would be at 1.2700-1.2800 area. Resistance is at the downward trend line on daily...