USDJPY Analysis – May 13, 2009

by ForexCycle.com | May 13, 2009 12:27 am
USDJPY breaks below the support of the rising trend line from 93.53 to 95.62. Deeper decline to test 95.62 level is possible later today, a break below this level will signal deeper decline to test 93.50 key...

USDCAD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:29 am
USDCAD remains in downtrend from 1.3063 and the fall extends to as low as 1.1490 level. The pair is now testing 1.1464 (Nov 5, 2008 low) long term key support, a break below this level will indicate...

USDCHF Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:27 am
USDCHF broke below 1.1159 previous low support. Deeper decline is in favor next week and the next target would be at 1.0600-1.0800 area. Initial resistance is at the falling trend line on daily chart, as long as...

USDJPY Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:26 am
USDJPY traded in a narrow range between 97.90 and 99.70 for several days. The price action in the trading range is treated as consolidation of the uptrend from 95.62. Further rally to test 101.43 resistance is still...

AUDUSD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:25 am
AUDUSD remains in uptrend from 0.6284. Further rise to 0.7900-0.8000 area is possible in a couple of weeks. Initial support is at 0.7500 followed by the rising trend line on daily chart, as long as the trend...

GBPUSD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:23 am
GBPUSD broke above 1.5066 previous high and reached as high as 1.5247 level. Further rise to test the upper border of the rising price channel on daily chart is expected next week, a clear break above the...

EURUSD Analysis – May 9, 2009

by ForexCycle.com | May 9, 2009 4:22 am
EURUSD broke above 1.3392 key resistance, suggesting that a cycle bottom had been formed at 1.2884 level on daily chart and the rise from 1.2884 is possibly be resumption of the uptrend from 1.2456. Further rise is...

USDCAD Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:50 am
USDCAD remains in downtrend from 1.3063. Deeper decline is expected to test 1.1761 previous low support next week. A break below this level will signal further fall to 1.1600 zone. Initial resistance is now at the falling...

USDCHF Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:49 am
USDCHF formed a cycle top at 1.1740 level on daily chart. Deeper decline to test 1.1159 support is possible next week. A break below this level will indicate that the fall from 1.1740 is resumption of the...

USDJPY Analysis – May 2, 2009

by ForexCycle.com | May 2, 2009 2:48 am
USDJPY has formed a cycle bottom at 95.62 level on daily chart and the fall from 101.43 has completed. Further rise is expected to test 101.43 resistance next week, a break above this level will signal further...