USDJPY Analysis – May 3, 2008
USDJPY’s up trend extends to as high as 105.70. Further rise to 107.00 area is still possible. Near term support is at the rising price channel, as long as the channel support holds, up trend will continue....
Author: ForexCycle.com
AUDUSD Analysis – May 3, 2008
AUDUSD formed a cycle top at 0.9541 on daily chart. Deeper decline to retest 0.8953 previous low support is expected to follow. Key resistance is at 0.9541, only rise above this level will signal resumption of the...
GBPUSD Analysis – May 3, 2008
No changed in our view, GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking...
EURUSD Analysis – May 3, 2008
EURUSD is testing 1.5342 key support, consolidation will more likely be seen before breaking below this level, and rebound to 1.5650 area is expected. Key resistance is located at 1.6019, only break of this level will signal...
USD Gradually Ascending Ahead of Tomorrow’s NFP
The USD reversed its gains vs. the EUR yesterday as traders concluded that the FOMC Statement that came right after its Interest Rate policy meeting left the door opened for further rate reductions. Shortly after the Interest...
USDCAD Analysis – Apr 30, 2008
USDCAD formed a sideways consolidation in a range between 0.9987 and 1.0326. The fall from 1.0326 could possibly be resumption of the down trend. Deeper decline to test 0.9709 previous low support is still in favor and...
USDCHF Analysis – Apr 30, 2008
No changed in our view, USDCHF is in up trend. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870, only...
USDJPY Analysis – Apr 30, 2008
USDJPY is in consolidation to the up trend. As long as 102.67 holds, we’d expect up trend to resume and further rally to 107.00 area is still in favor after consolidation. Key support is at 100.02, only...
AUDUSD Analysis – Apr 30, 2008
The up trend line support is broken below, AUDUSD is forming a cycle top at 0.9541 on daily chart. Further fall to test 0.9205 key support is still possible in a couple of days, a break below...
GBPUSD Analysis – Apr 30, 2008
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 1.9950 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As...