USDCAD Analysis – January 21, 2012

by ForexCycle.com | January 21, 2012 3:25 am
USDCAD broke below the triangle pattern on daily chart. Further decline could be seen over the next several weeks, and target would be at 0.9600-0.9700 area. Resistance is at 1.0230, as long as this level holds, downtrend...

USDCHF Analysis – January 21, 2012

by ForexCycle.com | January 21, 2012 3:24 am
USDCHF is forming a cycle top at 0.9594 on daily chart. Deeper decline to test 0.9244 key support could be seen next week, a breakdown below this level will indicate that the uptrend from 0.8569 has completed...

USDJPY Analysis – January 21, 2012

by ForexCycle.com | January 21, 2012 3:23 am
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.55 on daily chart,...

AUDUSD Analysis – January 21, 2012

by ForexCycle.com | January 21, 2012 3:22 am
AUDUSD continued its upward movement from 0.9861, and the rise extended to as high as 1.0487. Further rise could be seen next week, and next target would be at 1.0700 area. Support is at 1.0350, only break...

GBPUSD Analysis – January 21, 2012

by ForexCycle.com | January 21, 2012 3:21 am
After breaking below 1.5272 previous low, GBPUSD rebounded strongly from 1.5236, suggesting that a cycle bottom has been formed on daily chart. Further rise could be seen over the next several weeks, and the target would be...

EURUSD Analysis – January 21, 2012

by ForexCycle.com | January 21, 2012 3:11 am
EURUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed. Further rally would likely be seen over the next several weeks, and the target would be...

USDCAD Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:04 am
USDCAD is forming a triangle pattern on daily chart. Another rise towards the upper line of the pattern would likely be seen next week, a clear break above the upper line will indicate that the uptrend from...

USDCHF Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:03 am
USDCHF remains in uptrend from 0.8569, and the rise extended to as high as 0.9594. Further rise could be seen next week, and next target would be at 0.9750 area. Key support is at 0.9244, only break...

USDJPY Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:02 am
USDJPY stays in a trading range between 75.57 and 79.52. Lengthier consolidation in the range is still possible over the next several weeks. Now the pair may be forming a cycle bottom at 76.60 on daily chart....

AUDUSD Analysis – January 14, 2012

by ForexCycle.com | January 14, 2012 10:01 am
AUDUSD remains in uptrend from 0.9861. Further rise could be expected next week, and next target would be at 1.0600 area. Support is now at the 1.0145, only break below this level could trigger another fall to...