AUDUSD Analysis – Mar 12, 2008

by ForexCycle.com | March 11, 2008 7:23 pm
AUDUSD broke below the price channel support and formed a cycle top at 0.9496 level on daily chart. The pair is now in down trend. Pullback to test 0.8512 previous low support is expected. Near term resistance...

GBPUSD Analysis – Mar 12, 2008

by ForexCycle.com | March 11, 2008 7:21 pm
GBPUSD is moving to the next cycle top on daily chart, and the next cycle top is nearing. Near term support is at the up trend line from 1.9361 to 1.9720, and key support is at 1.9720,...

EURUSD Analysis – Mar 12, 2008

by ForexCycle.com | March 11, 2008 7:20 pm
EURUSD is moving to the next cycle top on daily chart, further rally to 1.5600 area is still possible. However, the pullback from 1.5493 suggests that next cycle top is nearing. Key support is at 1.5145, a...

Forex? What is it, anyway?

by ForexCycle.com | March 11, 2008 6:37 am
The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to...

USDCAD Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:55 pm
USDCAD is in consolidation to the down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still possible. Down trend will resume after consolidation and further fall to test...

USDCHF Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:54 pm
USDCHF’s down trend extended to as low as 1.0132. Further fall to test 1.0000 support is still possible. However, the next cycle bottom is nearing, key resistance is at 1.0500, a break of this level will confirm...

USDJPY Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:52 pm
USDJPY broke below 101.65 (Jan 2005 low), and the down trend from 108.59 extended to as low as 101.41. Deeper decline to 98.00 is still possible next week. Near term resistance is at 104.17, a break of...

AUDUSD Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:50 pm
AUDUSD is testing the support of the price channel, a breakdown of the channel support will confirm the cycle top at 0.9496 level, and further fall to 0.8600 area is expected to follow. Near term resistance is...

GBPUSD Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:49 pm
GBPUSD broke above 1.9971 resistance and reached as high as 2.0215. Further rise to 2.0400 area is still possible next week. However, the next cycle top is nearing, key support is now at 1.9720, a breakdown of...

EURUSD Analysis – Mar 9, 2008

by ForexCycle.com | March 8, 2008 7:47 pm
EURUSD’s uptrend extends to as high as 1.5463 level. Further rise to 1.5600 area to reach the next cycle top on daily chart is still possible. However, the next cycle top is nearing. The key support is...