USDCHF Analysis – Sep 17, 2008
USDCHF pulled back from 1.1416 and is now in consolidation to up trend. Further rise is still possible to test 1.1595 (Dec 20, 2007 high) after consolidation and a break of 1.1416 will confirm such case. Initial...
Author: ForexCycle.com
USDJPY Analysis – Sep 17, 2008
USDJPY broke below 103.76 previous low support and rebounded from 103.54 level. The pair might be forming a cycle bottom on daily chart. Further rise towards 109.18 is now in favor in next several days and sideways...
AUDUSD Analysis – Sep 17, 2008
AUDUSD is in down trend and the fall from 0.9849 extends further to as low as 0.7852 level. Initial resistance is at 0.8262 and key resistance is located at 0.8405. As long as 0.8405 level holds, we’d...
GBPUSD Analysis – Sep 17, 2008
GBPUSD rebounded from 1.7445 and is now in consolidation to down trend. Initial resistance is at 1.8130 and followed by 1.8480. As long as 1.8480 resistance holds, we’d expect down trend to resume and deeper decline is...
EURUSD Analysis – Sep 17, 2008
EURUSD is forming a sideways consolidation in a range between 1.3881 and 1.4481. Further fall is still possible to 1.3500 after consolidation, and a break below 1.3881 will signal resumption of down trend. Initial resistance is at...
USDCAD Analysis – Sep 14, 2008
As expected, USDCAD pulled back from 1.0819 level. Further fall could be seen to 1.0500 zone in a couple of days. As long as 1.0410 support holds, we’d expect up trend to resume, and rise towards 1.1200...
USDCHF Analysis – Sep 14, 2008
USDCHF’s up trend remains and the rise from 1.0010 extends to as high as 1.1416 level. Further rise is still possible to test 1.1595 (Dec 20, 2007 high) in a couple of weeks. Initial support is now...
USDJPY Analysis – Sep 14, 2008
USDJPY traded in range between 105.52 and 109.18 for several days. Rise to test 110.66 is still in favor, and a break above 109.18 is needed to confirm the resumption of up trend. Initial support is located...
AUDUSD Analysis – Sep 14, 2008
AUDUSD rebounded from 0.7900 and is testing the resistance of the down trend line. Break of the trend line resistance will signal further rally to test the key resistance at 0.8353 level. As long as 0.8353 resistance...
GBPUSD Analysis – Sep 14, 2008
GBPUSD rebounded from 1.7445 and broke above the down trend line resistance. Sideways consolidation in a range between 1.7445 and 1.8100 is expected. As long as 1.8100 resistance holds, we’d expect down trend to resume and deeper...