USDCAD Analysis – July 15, 2009

by ForexCycle.com | July 15, 2009 1:22 am
USDCAD breaks below the rising price channel on daily chart, suggesting that a cycle top has been formed at 1.1723 level on daily chart, pullback towards 1.1000 zone is now in favor. However, the fall from 1.1723...

USDCAD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:03 am
USDCAD stays in the rising price channel on daily chart and remains in uptrend from 1.0784. Further rally to test 1.1813 resistance is possible next week. Near term support is at the lower border of the price...

USDCHF Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:03 am
USDCHF is forming sideways consolidation in a range between 1.0590 and 1.1021. Further rally is expected after consolidation and target would be at 1.1200-1.1500 area. Key support is now at 1.0590, only fall below this level will...

USDJPY Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:02 am
USDJPY is testing the support of the lower border of the falling price channel on daily chart. Consolidation is expected next week. However, the pair remains in downtrend from 98.88, deeper decline is still possible after consolidation...

AUDUSD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:01 am
AUDUSD drops below 0.7789 support and is now in consolidation of uptrend from 0.6248. Deeper decline is possible next week and target would be at 0.7500 zone. Key resistance is at 0.8263, only rise above this level...

GBPUSD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 1:00 am
GBPUSD is in range trading between 1.5801 and 1.6743. Moving sideways in this range is expected next week. As long as 1.5801 support holds, the price action in the trading range is treated as consolidation of uptrend...

EURUSD Analysis – July 11, 2009

by ForexCycle.com | July 11, 2009 12:59 am
EURUSD stays in a trading range between 1.3748 and 1.4338. Fall down to test 1.3748 key support is possible next week, a break below this level will signal deeper decline to 1.3500 zone. Near term resistance is...

USDJPY Analysis – July 9, 2009

by ForexCycle.com | July 9, 2009 1:41 am
USDJPY drops below 93.53 long term key support, suggesting that the downtrend from 101.43 has resumed. Deeper decline is now in favor and target would be at 90.50 zone. However, the downtrend could be suspended by the...

AUDUSD Analysis – July 9, 2009

by ForexCycle.com | July 9, 2009 1:39 am
AUDUSD breaks below 0.7789 support, suggesting that the uptrend from 0.6284 has completed at 0.8263 level already. Consolidation in a range between 0.7500 and 0.8263 is expected in a couple of weeks. Key resistance is at 0.8263,...

USDCAD Analysis – July 4, 2009

by ForexCycle.com | July 4, 2009 3:17 am
USDCAD remains in uptrend from 1.0784, further rally is possible to test 1.1813 resistance next week. Near term support is at the lower border of the rising price channel on daily chart now at 1.1390, only clear...