AUDUSD Analysis – Jul 2, 2008
AUDUSD broke above 0.9653 resistance and reached 0.9667 only. Key support is located at 0.9493, a break below this level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline...
Author: ForexCycle.com
GBPUSD Analysis – Jul 2, 2008
GBPUSD is in up trend. Further rise towards 2.0400 to to reach next cycle top on daily chart is now in favor. Initial support is at 1.9700, as long as this support holds, we’d expect up trend...
EURUSD Analysis – Jul 2, 2008
EURUSD is testing the previous high resistance at 1.5843, above this level we may see further rally to 1.5950. Long term resistance is located at 1.6019, rise above this level will indicate that sideways consolidation in a...
USDCAD Analysis – Jun 28, 2008
USDCAD formed a cycle top at 1.0322 level on daily chart. Sideways consolidation between 1.0000 and 1.0322 would could be seen in a couple of weeks. However, a break above 1.0322 level will indicate that long term...
USDCHF Analysis – Jun 28, 2008
USDCHF broke below the up trend line from 0.9634 to 1.0147. Deeper decline is possible to 1.0000 area in a couple of weeks. Key resistance is at 1.0539, only break of this level will signal resumption of...
USDJPY Analysis – Jun 28, 2008
USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to 104.00 area could be seen next week. Key resistance is located at 108.58, only rise above this...
AUDUSD Analysis – Jun 28, 2008
AUDUSD’s up trend remains. Further rise above 0.9653 resistance to reach next cycle top on daily chart is still in favor. Initial support is at 0.9450 and key support is at 0.9327, only break down below this...
GBPUSD Analysis – Jun 28, 2008
GBPUSD broke above 1.9852 resistance and reached as high as 1.9952 level. Further rise to 2.0200 area could be seen in a couple of weeks. Initial support is at 1.9650, only break down below this level will...
EURUSD Analysis – Jun 28, 2008
EURUSD formed a cycle bottom at 1.5302 on daily chart. Further rise to test 1.6019 (Apr 22 high) could be seen in a couple of weeks. A break of 1.6019 level will indicate that the sideways consolidation...
USDCAD Analysis – Jun 25, 2008
USDCAD formed a cycle top at 1.0322 level on daily chart. Range trading between 1.0000 and 1.0322 would more likely be seen before breaking above 1.0322. However, a break above 1.0322 level will indicate that long term...