USDCAD Analysis – Jul 26, 2008
As expected, USDCAD formed a cycle bottom at 0.9974 on daily chart. Further rise could be seen to test 1.0238 resistance, a break of this level will signal further rise towards the long term key resistance at...
Author: ForexCycle.com
USDCHF Analysis – Jul 26, 2008
USDCHF broke above 1.0351 resistance. Further rise to test 1.0539 is still possible, and a break of this level will confirm the resumption of long term up trend. Key support is now located at 1.0010, only fall...
USDJPY Analysis – Jul 26, 2008
USDJPY broke above 107.75 resistance, and formed a cycle bottom at 103.76 on daily chart. Further rise towards 112.00 is expected to follow in a couple of week. Key support is now located at 103.76, only fall...
AUDUSD Analysis – Jul 26, 2008
AUDUSD is testing the support of the up trend line from 0.9327 to 0.9475. Deeper decline is still possible to test 0.9475 support. As long as 0.9475 level holds, we’d expect up trend to resume, and rebound...
GBPUSD Analysis – Jul 26, 2008
Being supported by the up trend line from 1.9408 to 1.9647, GBPUSD rebounded from 1.9816 level. Further rise above 2.0158 to reach next cycle top on daily chart is possible next week. Initial support is at 1.9816,...
EURUSD Analysis – Jul 26, 2008
EURUSD is testing 1.5611 support. As long as this level holds, we’d expect uptrend to resume and rebound towards 1.6038 is possible. However, a break below 1.5611 level will signal further decline to to 1.5400 area.
USDCAD Analysis – Jul 23, 2008
USDCAD might be forming a cycle bottom at 0.9974 on daily chart and the rise could possibly be resumption of up trend. Further rebound is expected to test 1.0238 resistance, a break above this level will confirm...
USDCHF Analysis – Jul 23, 2008
USDCHF is testing 1.0351 resistance, a break above this level will signal further rebound to test 1.0539 long term key resistance, and a break of this level will indicate that the down trend from 1.0623 has completed,...
USDJPY Analysis – Jul 23, 2008
USDJPY is forming a cycle bottom at 103.76 on daily chart. Key resistance is located at 107.75, a break above this level will confirm the cycle bottom, and further rise above 108.58 previous high resistance is expected...
AUDUSD Analysis – Jul 23, 2008
AUDUSD is in consolidation to up trend. Pullback to test the support of the up trend line from 0.9327 to 0.9475 is possible. As long as the trend line support holds, we’d expect up trend to resume,...