AUDUSD Analysis – May 31, 2008
No changed in our view, AUDUSD is in up trend. Pullback from 0.9653 is treated as consolidation to the up trend. Further rally to 1.0000 area is expected after consolidation and a break of 0.9653 level will...
Author: ForexCycle.com
GBPUSD Analysis – May 31, 2008
GBPUSD is in up trend. Pullback from 1.9852 is treated as consolidation to the up trend. Further rise to test 2.0029 resistance is still possible after consolidation. Near term support is at 1.9672, fall below this level...
EURUSD Analysis – May 31, 2008
EURUSD dropped sharply from 1.5818 and formed a cycle top on daily chart. The fall from 1.5818 could possibly be resumption of the long term down trend. Further pullback to test 1.5284 previous low support is expected...
USD Is Up Ahead Of The GDP Data
Yesterday, the greenback saw bullish trends against most of its major counterparts following positive economic news from the U.S. The EUR\USD was traded as low as 1.5620. The USD was also bullish against the rest of the...
USDCAD Analysis – May 28, 2008
No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Deeper decline is expected to retest 0.9709 level, and break below this level...
USDCHF Analysis – May 28, 2008
USDCHF dropped down from 1.0623 and reached as low as 1.0214. Deeper decline to 1.000 area to reach the next cycle bottom on daily chart is expected. Key support is located at 0.9870, as long as this...
USDJPY Analysis – May 28, 2008
USDJPY formed a trading range between 102.58 and 105.70 for several weeks. Break above 105.70 resistance would more likely be seen in a couple of days and further rise to 106.60 area to reach the next cycle...
AUDUSD Analysis – May 28, 2008
AUDUSD is in up trend. Pullback from 0.9653 is treated as consolidation to the up trend. Further rally to 1.0000 area is expected after consolidation. Initial support is at 0.9510, and followed by the up trend line...
GBPUSD Analysis – May 28, 2008
GBPUSD is in up trend. Pullback from 1.9852 is treated as consolidation to the up trend. Further rise to test 2.0029 resistance is still possible after consolidation. Key support is now located at 1.9363, only break of...
EURUSD Analysis – May 28, 2008
EURUSD is moving to the next cycle top on daily chart. Further rise to test 1.6019 previous high resistance is still possible after consolidation. As long as 1.6019 resistance holds, rebound from 1.5284 is treated as correction...