GBPUSD Analysis. Jan 16, 2008
GBPUSD’d down trend remains, and the fall from 2.1161 extended to as low as 1.9481 level. Further fall towards 1.9300 area to reach the next cycle bottom on daily chart is still in favor. Near term resistance...
Author: ForexCycle.com
EURUSD Analysis. Jan 16, 2008
EURUSD failed to test the previous high resistance at 1.4966 and pulled back from 1.4921 level. Consolidation can be seen before breaking above 1.4966 level, and rise above 1.4966 level is still possible after consolidation. Key support...
USDCAD Analysis. Jan 13, 2008
USDCAD is testing the previous high resistance at 1.0248 level, break above this level will more likely be seen next week, and further rally towards 1.0750 area is expected to follow. Near term support is at 0.9756,...
USDCHF Analysis. Jan 13, 2008
USDCHF broke below 1.1017. Further fall towards 1.0890 previous low is still possible next week, a break below this level will signal the resumption of the long term down trend. Near term resistance is at 1.1189 level.
USDJPY Analysis. Jan 13, 2008
USDJPY might be forming a cycle bottom at 107.89 level on daily chart. Rebound towards 112.00 area is expected next week. Key support is at 107.21, only fall below this level will signal the resumption of the...
AUDUSD Analysis. Jan 13, 2008
AUDUSD broke above the previous high resistance at 0.8846 and reached as high as 0.8975. Further rise towards 0.9300 area is expected to follow next week. Near term support is at 0.8810, followed by 0.8682.
GBPUSD Analysis. Jan 13, 2008
GBPUSD broke below the long term support at 1.9652 (Aug 17, 2007 low), and reached as low as 1.9481. Further fall towards 1.9300 area is still in favor. Near term resistance is at the down trend line...
EURUSD Analysis. Jan 13, 2008
EURUSD is in up trend. Further rise above 1.4966 previous high may be expected next week, and a break above 1.4823 level is needed to confirm such case. Near term support is at 1.4638, only break below...
USDCAD Analysis. Jan 9, 2008
USDCAD may be forming a cycle bottom at 0.9756 on daily chart, key resistance is at 1.0248, a break of this level will confirm the cycle bottom, and further rally towards 1.0800 area is expected. Near term...
USDCHF Analysis. Jan 9, 2008
USDCHF might be forming a cycle bottom at 1.1017 on daily chart. Further rebound towards 1.1595 is still possible. Near term support is at 1.1017, as long as this support holds, we’d expect rebound to continue.