EURUSD Analysis – May 28, 2008

by ForexCycle.com | May 27, 2008 8:07 pm
EURUSD is moving to the next cycle top on daily chart. Further rise to test 1.6019 previous high resistance is still possible after consolidation. As long as 1.6019 resistance holds, rebound from 1.5284 is treated as correction...

USDCAD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 8:03 pm
USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Further pullback is expected to retest 0.9709 level, and break below this level to reach the next cycle...

USDCHF Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 8:02 pm
USDCHF pulled back from 1.0623 and reached as low as 1.0214. Deeper decline to test 0.9870 level is expected in the next few days. Key resistance is now at 1.0623, only rise above this level will signal...

USDJPY Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 8:01 pm
Bing contained by 102.58 support, USDJPY rebounds from 102.73 level. Sideways consolidation is expected in a range between 102.58 and 105.70 next week, and break above 105.70 previous high to reach the next cycle top on daily...

AUDUSD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 8:00 pm
AUDUSD’s up trend remains and the pullback from 0.9653 is treated as consolidation to the up trend. Further rise to 1.0000 area is expected after consolidation. Initial support is at 0.9510, and followed by the up trend...

GBPUSD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 7:59 pm
GBPUSD is forming a sideways consolidation in a range between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029 resistance. Key support is now located at 1.9363, only break of this level will...

EURUSD Analysis – May 24, 2008

by ForexCycle.com | May 23, 2008 7:56 pm
EURUSD’s rebound from 1.5284 extends to as high as 1.5813. Further rise to test 1.6019 previous high resistance is still possible next week. However, the rise from 1.5284 would possibly be correction to the long term down...

USDCAD Analysis – May 21, 2008

by ForexCycle.com | May 20, 2008 7:44 pm
No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Pullback to retest 0.9709 support is expected in the next few days. Key...

USDCHF Analysis – May 21, 2008

by ForexCycle.com | May 20, 2008 7:43 pm
As expected, USDCHF broke below the key support at 1.0388 and formed a cycle top at 1.0623 on daily chart. Deeper decline to retest 0.9870 is expected in the next few days. Key resistance is now at...

USDJPY Analysis – May 21, 2008

by ForexCycle.com | May 20, 2008 7:42 pm
USDJPY remains in range between 102.58 and 105.70, and is forming a sideways consolidation to the up trend. As long as 102.58 key support holds, we’d expected up trend to resume and further rise to 108.00 to...