GBPUSD Analysis – November 5, 2011

by ForexCycle.com | November 5, 2011 3:02 am
GBPUSD remains in uptrend from 1.5272, the fall from 1.6164 could be treated as consolidation of uptrend. Support is at 1.5800, as long as this level holds, uptrend could be expected to resume, and another rise towards...

EURUSD Analysis – November 5, 2011

by ForexCycle.com | November 5, 2011 3:00 am
EURUSD had formed a cycle top at 1.4246 on daily chart, and the pair is now in downtrend. Resistance is at 1.4000, as long as this level holds, deeper decline could be seen after a minor consolidation,...

USDCAD Analysis – October 29, 2011

by ForexCycle.com | October 29, 2011 9:01 am
USDCAD continued its downward move from 1.0656 and the fall extended to as low as 0.9891. Further fall could be seen next week, and next target would be at 0.9700 area. Resistance is at 1.0050, only break...

USDCHF Analysis – October 29, 2011

by ForexCycle.com | October 29, 2011 9:00 am
USDCHF is in downtrend from 0.9314, and the fall extended to as low as 0.8569. Further fall could be seen next week, and next target would be at 0.8300 area. Resistance is at the downtrend line on...

USDJPY Analysis – October 29, 2011

by ForexCycle.com | October 29, 2011 8:59 am
USDJPY broke below 75.96 support, and reached as low as 75.65, suggesting that the downtrend from 85.51 has resumed. Key resistance is at 77.85, as long as this level holds, downtrend could be expected to continue, and...

AUDUSD Analysis – October 29, 2011

by ForexCycle.com | October 29, 2011 8:59 am
AUDUSD’s rise extended to as high as 1.0731. Further rise is still possible after a minor consolidation, and next target would be at 1.0900-1.1000 area. Support is now at 1.0300, only break below this level could indicate...

GBPUSD Analysis – October 29, 2011

by ForexCycle.com | October 29, 2011 8:58 am
GBPUSD’s upward movement from 1.5272 extended to as high as 1.6150. Further rise is still possible after a minor consolidation, and next target would be at 1.6400-1.6500 area. Support is now at 1.6000, as long as this...

EURUSD Analysis – October 29, 2011

by ForexCycle.com | October 29, 2011 8:56 am
EURUSD’s rise from 1.3146 extended to as high as 1.4246. Further rise is still possible next week and next target would be at 1.4500 area. Support is at 1.3800, only break below this level could indicate that...

USDCAD Analysis – October 22, 2011

by ForexCycle.com | October 22, 2011 3:13 am
USDCAD remains in downtrend from 1.0656, and the fall extended to 1.0043. Further fall could be seen next week, and next target would be at 0.9800-0.9900 area. Resistance is at 1.0270, as long as this level holds,...

USDCHF Analysis – October 22, 2011

by ForexCycle.com | October 22, 2011 3:12 am
USDCHF broke below the uptrend line on daily chart, suggesting that the uptrend from 0.7067 had completed at 0.9314 already. Further fall could be seen in a couple of week, and next target would be at 0.8500...