USDCAD Analysis – May 8, 2010
USDCAD’s bounce from 0.9930 extends to as high as 1.0735 level. Further rally towards 1.1000 is still possible in a couple of weeks, a break above this level will indicate that the long term downtrend from 1.3063...
Author: ForexCycle.com
USDCHF Analysis – May 8, 2010
USDCHF’s uptrend from 1.0434 extends to as high as 1.1245 level. Further rally is still possible next week and next target would be at 1.1350-1.1400 area. Key support is at 1.0900, below this level will indicate that...
USDJPY Analysis – May 8, 2010
USDJPY drops sharply to as low as 88.25, the subsequent bounce suggests that a cycle bottom has been formed on daily chart. Another rise towards 94.98 would more likely be seen after a minor consolidation, a break...
AUDUSD Analysis – May 8, 2010
AUDUSD breaks below 0.9001 key support, taking price back to range trading between 0.8577 and 0.9404. Sideways movement in the range would more likely be seen in next several weeks. Key support is at 0.8577, only fall...
GBPUSD Analysis – May 8, 2010
GBPUSD breaks below 1.4784 previous low and reaches as low as 1.4475, suggesting that the downtrend from 1.7042 has resumed. Deeper decline is still possible next week and next target would be at 1.4200 area. Key resistance...
EURUSD Analysis – May 8, 2010
EURUSD’s bearish movement from 1.5144 extends to as low as 1.2526 level. Deeper decline to test 1.2329 (Oct 28, 2008 low) support is still possible next week, sideways consolidation would more likely be seen before breaking below...
USDCAD Analysis – May 1, 2010
USDCAD traded in a range between 0.9930 and 1.0302 for several weeks. As long as 1.0302 resistance holds, the price action in the trading range is treated as consolidation of downtrend, and another fall to 0.9500 is...
USDCHF Analysis – May 1, 2010
USDCHF broke above 1.0898 previous high and reached as high as 1.0923 level. Further rally is still possible next week and next target would be at 1.1000 area. Support is now at 1.0700 followed by the lower...
USDJPY Analysis – May 1, 2010
USDJPY stays in a trading range between 91.60 and 94.68. Lengthier consolidation in the range is still possible in a couple of weeks. As long as 91.60 support holds, we’d expect uptrend from 88.14 to resume and...
AUDUSD Analysis – May 1, 2010
Being contained by 0.9404 previous high resistance, AUDUSD pulled back from 0.9381, suggesting that a cycle top has been formed on daily chart. Deeper decline towards 0.9001 support is expected next week. However, the fall from 0.9381...