EURUSD Analysis – Apr 5, 2008
EURUSD traded in a range between 1.5342 and 1.5902 for 3 weeks. Pullback to retest 1.5342 key support would more likely be seen next week and a break of this level will signal the reversal to the...
Author: ForexCycle.com
USDCAD Analysis – Apr 2, 2008
USDCAD is testing 1.0378 previous high resistance, consolidation will more likely be seen before break above this level. Key support is now located at 1.0094, a break of this level will indicate that the up trend from...
USDCHF Analysis – Apr 2, 2008
USDCHF rebounds from 0.9870, as long as this level holds, we’d expected up trend to continue and further rally to 1.0450 area to reach the next cycle top on daily chart is possible, and a break of...
USDJPY Analysis – Apr 2, 2008
USDJPY rises sharply to as high as 102.15 after consolidation. Further rally to test 103.59 resistance is expected in the next several days. Key support is now located at 98.55, only break of this level will signal...
AUDUSD Analysis – Apr 2, 2008
AUDUSD is in consolidation to the down trend. A break below 0.8953 will signal the resumption of the down trend, and further fall to retest 0.8512 previous low support could be seen. Near term resistance is now...
GBPUSD Analysis – Apr 2, 2008
GBPUSD breaks below 1.9736 support and down trend resumes. Further fall to test 1.9337 previous low support is expected. Near term resistance is now at 2.0193, as long as this resistance holds, we’d expect down trend to...
EURUSD Analysis – Apr 2, 2008
EURUSD failed to test the previous high resistance at 1.5902 and pulled back from 1.5896 level. Further fall to test 1.5342 long term key support is possible, a break of this level will signal the resumption of...
ISM Manufacturing Index On Tap
Yesterday, the greenback fell close to a record low against the EUR at the rate of 1.5890. The USD depreciated during the first hours of the trading session mainly as a result of higher than expected CPI...
The Chicago PMI – On Tap
The Greenback heads into the last day of March prime for what could be one of the more defining points of 2008. After last week’s mixed batch of economic data out of the US, the Dollar plunged...
USDCAD Analysis – Mar 30, 2008
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 1.0094, a break of this level will indicate...