USDJPY Analysis – Apr 2, 2008

by ForexCycle.com | April 1, 2008 8:10 pm
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

by ForexCycle.com | April 1, 2008 8:09 pm
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

by ForexCycle.com | April 1, 2008 8:08 pm
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

by ForexCycle.com | April 1, 2008 8:06 pm
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

by ForexCycle.com | April 1, 2008 7:32 am
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...

Forexpros Daily Analysis

by forexpros.com | April 1, 2008 7:13 am
Today’s US Dollar Trading • USD remains two-sided• US data no factor• EURO attempts new high Overnight Preview • Look for more consolidation• USD likely to remain two-way near-term Looking Ahead • 7:00 PM CDT Monday Japan Tankan...