AUDUSD Analysis – Jun 11, 2008
AUDUSD is testing the support of up trend line from 0.8953 to 0.9291. If the trend line support gives way, deeper decline could be seen to retest 1.9275. As long as 1.9275 support holds, we’d expect up...
Author: ForexCycle.com
GBPUSD Analysis – Jun 11, 2008
GBPUSD traded in range between 1.9363 and 1.9852. Pullback to retest 1.9363 level is still possible in a couple of days. As long as 1.9363 support holds, we’d expect up trend to resume and rise to 2.0300...
EURUSD Analysis – Jun 11, 2008
EURUSD broke above 1.5818 resistance and pulled back from 1.5843 level. The fall from 1.5843 is treated as resumption of down trend. Deeper decline to 1.5000 area to reach next cycle bottom on daily chart could be...
US Pending Home Sales On Tap
The greenback had a tough trading session last week, which was capped off by a huge bearish slip on Friday. Sparked by a batch of mediocre US data and positive EUR news, the USD saw losses throughout...
USDCAD Analysis – Jun 7, 2008
USDCAD formed a cycle bottom at 0.9818 on daily chart. Sideways consolidation from 1.0378 (Jan 22 high) has completed and up trend has resumed. Further rise above 1.0378 is expected. Key support is at 0.9818, only break...
USDCHF Analysis – Jun 7, 2008
USDCHF broke below 1.0214 support and down trend has resumed. Deeper decline to test 0.9870 support is expected. Initial resistance is at 1.0526 and key resistance is at 1.0623, only break above 1.0623 will signal resumption of...
USDJPY Analysis – Jun 7, 2008
USDJPY is moving to the next cycle top on daily chart, and the cycle top is nearing. Key support is now located at 103.87, a break down below this level will confirm the cycle top, and then...
AUDUSD Analysis – Jun 7, 2008
AUDUSD traded in range between 0.9486 and 0.9653. A break of 0.9653 will signal resumption of up trend, and further rise to 0.9800 area to reach the next cycle top on daily chart is expected to follow....
GBPUSD Analysis – Jun 7, 2008
GBPUSD rebounded sharply from 1.9461. The rise from 1.9461 could possibly be resumption of up trend. Further rise to test 2.0029 resistance is expected in a couple of weeks. Key support is located at 1.9363, only break...
EURUSD Analysis – Jun 7, 2008
EURUSD rebounded sharply from 1.5365 and is testing 1.5818 previous high resistance. The pair is forming a sideways consolidation in a range between 1.5284 and 1.6019. Further rise to test 1.6019 is still possible if 1.5818 resistance...