USDCHF Analysis – May 21, 2008
As expected, USDCHF broke below the key support at 1.0388 and formed a cycle top at 1.0623 on daily chart. Deeper decline to retest 0.9870 is expected in the next few days. Key resistance is now at...
Author: ForexCycle.com
USDJPY Analysis – May 21, 2008
USDJPY remains in range between 102.58 and 105.70, and is forming a sideways consolidation to the up trend. As long as 102.58 key support holds, we’d expected up trend to resume and further rise to 108.00 to...
AUDUSD Analysis – May 21, 2008
AUDUSD is in up trend. Further rise to 1.0000 area is expected after consolidation. Initial support is at the up trend line from 0.8953 to 0.9291, and followed by 0.9275, as long as 0.9275 support holds, up...
GBPUSD Analysis – May 21, 2008
GBPUSD broke above 1.9633 key resistance and formed a cycle bottom at 1.9363 on daily chart. The pair is back to range trading between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029...
EURUSD Analysis – May 21, 2008
EURUSD formed a cycle bottom at 1.5284 on daily chart. Further rally may be expected in the next several days, and the next cycle top would be at 1.5800 area. However, the rise from 1.5284 would possibly...
Expect New Hights for the EUR
The USD saw another week of decline vs. its major currency rivals last week, as Friday capped off what had been a slow weekly trading session. Last week produced mixed results for the US economy as improving...
USDCAD Analysis – May 17, 2008
USDCAD formed a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Pullback to retest 0.9709 support is expected in the next few days. Key resistance is now located at 1.0326,...
USDCHF Analysis – May 17, 2008
No changed in our view, USDCHF is forming a cycle top at 1.0623 on daily chart. Key support is now located at 1.0388, a break below this level will confirm the cycle top and pullback to retest...
USDJPY Analysis – May 17, 2008
USDJPY is forming a sideways consolidation in range between 102.58 and 105.70. Near term support is at the price channel and followed by 102.58. As long as 102.58 support holds, we’d expect up trend to resume and...
AUDUSD Analysis – May 17, 2008
AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support...