USDCHF Analysis – September 5, 2009

by ForexCycle.com | September 5, 2009 2:59 am
USDCHF traded in a narrow range between 1.0530 and 1.0714 for several days. As long as 1.0714 resistance holds, downtrend is expected to continue and deeper decline to 1.0450-1.0500 area would more likely be seen after consolidation....

USDCHF Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:35 am
USDCHF remains in downtrend from 1.0883. Deeper decline is still possible next week and next target would be at 1.0450-1.0500 area. Key resistance is now located at 1.0714, a break above this level will indicate that the...

USDCHF Analysis – August 22, 2009

by ForexCycle.com | August 22, 2009 3:48 am
USDCHF breaks below 1.0562 previous low and reaches as low as 1.0553 level. Deeper decline is still possible next week and target would be at 1.0450 zone. However the price action from 1.0590 is more likely consolidation...

USDCHF Analysis – August 15, 2009

by ForexCycle.com | August 15, 2009 2:43 am
USDCHF stays in a trading range between 1.0562 and 1.1021. One more rise above 1.1021 to reach the next cycle top on daily chart would more likely be seen next week. However, the price action from 1.0590...

USDCHF Analysis – August 8, 2009

by ForexCycle.com | August 8, 2009 2:58 am
After breaking below 1.0590 previous low, USDCHF rebounds sharply from 1.0562, suggesting that the pair is back to range trading between 1.0562 and 1.1021. Further rise to re-test 1.1021 is possible next week. However, the price action...

USDCHF Analysis – August 4, 2009

by ForexCycle.com | August 4, 2009 3:24 am
USDCHF breaks below 1.0590 previous low, suggesting that the downtrend from 1.1963 has resumed. Deeper decline to test 1.0366 (Dec 2008 low) support is possible in next several days. Key resistance is now at 1.1021, only rise...

USDCHF Analysis – August 1, 2009

by ForexCycle.com | August 1, 2009 5:49 am
USDCHF stays in the trading range between 1.0590 and 1.1021. One more rise above 1.1021 resistance would more likely be seen. However, below 1.0590 will indicate that the downtrend from 1.1963 has resumed, then deeper decline could...

USDCHF Analysis – July 30, 2009

by ForexCycle.com | July 30, 2009 3:17 am
USDCHF failed to test 1.0590 previous low support and rebounds from 1.0622, suggesting that the pair has formed a cycle bottom at 1.0622 level on daily chart. Further rally is expected to test 1.1021 previous high resistance,...

USDCHF Analysis – July 25, 2009

by ForexCycle.com | July 25, 2009 1:29 am
USDCHF stayed in a trading range between 1.0590 and 1.1021 for several weeks. The pair might be forming a cycle bottom at 1.0622 level on daily chart. Key resistance is at 1.0820, a break above this level...

USDCHF Analysis – July 19, 2009

by ForexCycle.com | July 19, 2009 1:22 am
USDCHF stays in a trading range between 1.0590 and 1.1021. Deeper decline to 1.0600-1.0650 area to reach the next cycle bottom on daily chart is expected next week. However, 1.0590 key support would more likely be held,...