USDCAD Analysis – Feb 24, 2008
USDCAD broke above 1.0126 key resistance and is now in up trend. Further rise to test previous high resistance at 1.0378 is expected. Near term support is at the edge of the price channel, and key support...
Author: ForexCycle.com
USDCHF Analysis – Feb 24, 2008
USDCHF broke below the key support at 1.0884 and topped at 1.1105 on daily chart. Deeper decline to test 1.0729 can be seen next week, a break below this level will confirm the long term down trend,...
USDJPY Analysis – Feb 24, 2008
No changed in our view, USDJPY formed a cycle bottom at 104.96 on daily chart. Further rise towards 112.00 area is still possible after consolidation, and a break of 108.59 will signal the resumption of the up...
AUDUSD Analysis – Feb 24, 2008
AUDUSD’s up trend remains. Further rally to test 0.9398 (Nov 7, 2007 high) is expected. Near term support is at the rising price channel, as long as the channel support holds, we’d expect up trend to continue....
GBPUSD Analysis – Feb 24, 2008
Being supported by previous low at 1.9337, GBPUSD rebounds from 1.9361 level. Further rise to 1.9900 area to reach the next cycle top on daily chart is still possible, and the next cycle top in nearing, a...
EURUSD Analysis – Feb 24, 2008
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rise to test 1.4966 previous high resistance is expected, and breaking above this level to reach the next...
USDCAD Analysis – Feb 20, 2008
USDCAD broke above 1.0126 and reached as high as 1.0175 level. Further rise to test previous high resistance at 1.0378 is expected. Near term support is at the edge of the price channel, and key support is...
USDCHF Analysis – Feb 20, 2008
No changed in our view, USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is now at 1.0884 level, a break of this level will confirm the cycle top, and further fall...
USDJPY Analysis – Feb 20, 2008
USDJPY’s up trend remains. The fall from 108.59 is treated as consolidation to the up trend. Further rise to 112.50 area to reach the next cycle top on daily chart is still possible after consolidation. Key support...
AUDUSD Analysis – Feb 20, 2008
AUDUSD broke above 0.9100 and reached as high as 0.9236 level. Further rally to test previous high resistance at 0.9398 is expected. Near term support is at the up trend line from 0.8512 to 0.8922, as long...