USDCAD Analysis. Jan 9, 2008

by ForexCycle.com | January 8, 2008 8:13 pm
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

by ForexCycle.com | January 8, 2008 8:11 pm
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.

USDJPY Analysis. Jan 9, 2008

by ForexCycle.com | January 8, 2008 8:09 pm
Being supported by the previous low at 107.21, USDJPY rebounded from 107.89. Sideways consolidation is expected in the next several days, and further rise towards 114.00 will more likely be seen after consolidation. On the other side,...

AUDUSD Analysis. Jan 9, 2008

by ForexCycle.com | January 8, 2008 8:08 pm
AUDUSD is testing the previous high resistance at 0.8846, only above this level will indicate lengthier correction to the down trend. Near term support is at 0.8680, a break below this level will signal the resumption of...

GBPUSD Analysis. Jan 9, 2008

by ForexCycle.com | January 8, 2008 8:05 pm
GBPUSD is testing the support at 1.9652 (Aug 17, 2007 low). Further fall towards 1.9300 area is still in favor. Near term resistance is at the down trend line from 2.1161 to 2.0830, and as long as...

EURUSD Analysis. Jan 9, 2008

by ForexCycle.com | January 8, 2008 8:02 pm
EURUSD is forming a sideways consolidation in a range between 1.4309 and 1.4966 to the long term up trend. As long as 1.4309 support holds, we’d expected up trend to continue, and a break above 1.4966 level...

USDCAD Analysis, Jan 5, 2008

by ForexCycle.com | January 5, 2008 5:20 am
USDCAD may be forming a cycle bottom at 0.9756 on daily chart. Further rally towards 1.0800 area is expected. Near term support is at 0.9756, only breakdown below this level will indicate lengthier correction to the up...

USDCHF Analysis, Jan 5, 2008

by ForexCycle.com | January 5, 2008 5:19 am
USDCHF formed a cycle top at 1.1595 on daily chart, and the fall from 1.1595 extended to as low as 1.1017. Further pullback towards 1.0890 previous low to reach the next cycle bottom is still possible. Near...

USDJPY Analysis, Jan 5, 2008

by ForexCycle.com | January 5, 2008 5:18 am
USDJPY is testing the previous low support at 107.21, and will find support at 105.00 area if 107.21 level gives way. Consolidation will more likely be seen before breaking below 107.21 level, and as long as this...

AUDUSD Analysis, Jan 5, 2008

by ForexCycle.com | January 5, 2008 5:16 am
AUDUSD is forming a cycle top at 0.8846 level. Further fall towards 1.8300 area may be expected, and a break below 0.8551 previous low will confirm such case. Near term resistance is at 0.8846, only break of...