USDJPY Analysis – February 19, 2011

by ForexCycle.com | February 19, 2011 4:11 am
Being contained by 84.50 resistance, USDJPY pulled back from 83.96, suggesting that a cycle top is being formed on daily chart. Deeper decline would likely be seen next week, and target would be at 82.00 area. Initial...

AUDUSD Analysis – February 19, 2011

by ForexCycle.com | February 19, 2011 4:10 am
AUDUSD moved sideways in a range between 0.9803 and 1.0255 for several weeks. Further rise to test 1.0255 key resistance would likely be seen next week, a break above this level will indicate that the uptrend from...

GBPUSD Analysis – February 19, 2011

by ForexCycle.com | February 19, 2011 4:09 am
GBPUSD is facing 1.6298 resistance, a break above this level will indicate that a cycle bottom had been formed at 1.5962 level on daily chart, then further rise to 1.6700 area could be seen. However, as long...

EURUSD Analysis – February 19, 2011

by ForexCycle.com | February 19, 2011 4:07 am
EURUSD may be forming a cycle bottom at 1.3428 level on daily chart. Further rise towards 1.3861 would likely be seen, a break above this level will indicate that the uptrend from 1.2874 has resumed, then next...

USDCAD Analysis – February 12, 2011

by ForexCycle.com | February 12, 2011 5:25 am
USDCAD remains in downtrend from 1.0672 and the price action from 0.9836 is treated as consolidation of downtrend. Support is at 0.9831, a breakdown below this level will indicate that the downtrend has resumed, then deeper decline...

USDCHF Analysis – February 12, 2011

by ForexCycle.com | February 12, 2011 5:24 am
USDCHF failed to break below 0.9300 support and rebounded from 0.9328, suggesting that a cycle bottom had been formed on daily chart. Further rise is still possible next week and target would be at 1.0000 zone. Support...

USDJPY Analysis – February 12, 2011

by ForexCycle.com | February 12, 2011 5:23 am
USDJPY formed a sideways consolidation in a range between 80.30 and 84.50. Further rise to test 84.50 resistance would likely be seen next week, a break above this level will target 85.50 area. Support levels are at...

AUDUSD Analysis – February 12, 2011

by ForexCycle.com | February 12, 2011 5:22 am
Being contained by 1.0255 previous high resistance, AUDUSD dropped from 1.0199, suggesting lengthier consolidation of uptrend is underway. Deeper decline could be expected in a couple of weeks and target would be at 0.9600-0.9700 area.

GBPUSD Analysis – February 12, 2011

by ForexCycle.com | February 12, 2011 5:21 am
GBPUSD broke below the lower border of the rising price channel on daily chart, suggesting that a cycle top had been formed at 1.6277 level. Consolidation of uptrend is expected in a couple of weeks and pullback...

EURUSD Analysis – February 12, 2011

by ForexCycle.com | February 12, 2011 5:20 am
EURUSD had formed a cycle top at 1.3861 level on daily chart. Pullback to 1.3100-1.3200 area to reach next cycle bottom would likely be seen. Resistance is at 1.3750, only break above this level could trigger another...