USDJPY Analysis – Apr 9, 2008
USDJPY traded in a narrow range between 101.45 and 102.94 in the last few days. Further rise to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation. Key support...
Author: ForexCycle.com
AUDUSD Analysis – Apr 9, 2008
AUDUSD breaks above 0.9252 resistance and reaches as high as 0.9328. Further rally to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long as 0.9496...
GBPUSD Analysis – Apr 9, 2008
GBPUSD drops sharply to as low as 1.9656. Near term resistance is now at 2.0049, as long as this resistance holds, we’d expect down trend to continue and deeper decline to retest 1.9337 long term support is...
EURUSD Analysis – Apr 9, 2008
EURUSD is forming a sideways consolidation in a range between 1.5342 and 1.5902. Pullback to retest 1.5342 is still in favor in the next several days and a break of this level will signal the reversal to...
FOMC Meeting Minutes – on Tap
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the...
USDCAD Analysis – Apr 5, 2008
USDCAD broke below 1.0094 key support and formed a cycle top at 1.0326 on daily chart. The up trend from 0.9709 has completed and deeper decline to retest 0.9709 support could be seen in a couple of...
USDCHF Analysis – Apr 5, 2008
USDCHF is in up trend, as long as 0.9870 support holds, we’d expected up trend to continue and further rally to 1.0400 area to reach the next cycle top on daily chart is still in favor, and...
USDJPY Analysis – Apr 5, 2008
Being contained by 103.59 resistance, USDJPY pulls back from 102.94. As long as 98.55 key support holds, we’d expect up trend to resume and further rise to 105.00 area to reach the next cycle top on daily...
AUDUSD Analysis – Apr 5, 2008
AUDUSD is testing 0.9252 resistance, and further rise to 0.9400 area to reach the next cycle top on daily chart could be seen if 0.9252 resistance gives way. However, rebound from 0.8953 is treated as correction to...
GBPUSD Analysis – Apr 5, 2008
GBPUSD is in down trend. Rebound from 1.9736 is treated as consolidation to the down trend. Further fall to test 1.9337 previous low support is still in favor after consolidation. As long as 2.0193 resistance holds, we’d...