USDJPY Analysis – Mar 1, 2008
USDJPY breaks below 104.96 and drops sharply to as low as 103.67 level. Deeper decline to test 101.65 (Jan 2005 low) is still possible. Near term resistance is at 106.60, as long as this resistance holds, we’d...
Author: ForexCycle.com
AUDUSD Analysis – Mar 1, 2008
AUDUSD is forming a cycle top at 0.9496 on daily chart, key support is at the rising price channel, a break of the channel support will confirm the cycle top, and pullback to 0.8600 area is expected...
GBPUSD Analysis – Mar 1, 2008
GBPUSD breaks above 1.9957 previous high and reached as high as 1.9971. Further rise to 2.0050 area to reach the next cycle top on daily chart is still possible, and the next cycle top is nearing. Key...
EURUSD Analysis – Mar 1, 2008
EURUSD rises sharply to as high as 1.5238 level. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.5050 and followed by...
USDCAD Analysis – Feb 27, 2008
USDCAD breaks below this rising price channel support and is now in down trend. Further fall below 0.9756 previous low to reach the next cycle bottom on daily chart could still be seen. Near term resistance is...
USDCHF Analysis – Feb 27, 2008
USDCHF breaks below 1.0729 previous low support and reaches as low as 1.0704 level. Deeper decline to 1.0500 area to reach the next cycle bottom on daily chart is still possible. Near term resistance is at 1.0950,...
USDJPY Analysis – Feb 27, 2008
USDJPY formed a cycle bottom at 104.96 on daily chart and is now in consolidation to the up trend. Rise to 112.00 area is still in favor after consolidation, a break of 108.59 will signal the resumption...
AUDUSD Analysis – Feb 27, 2008
AUDUSD is in up trend. The rise from 0.8512 extends to as high as 0.9348 level. Further rally to test 0.9398 previous high resistance is still possible in a couple of days, and break of this resistance...
GBPUSD Analysis – Feb 27, 2008
GBPUSD breaks above 1.9737 and reaches as high as 1.9899 level. Further rise above 1.9957 previous high to reach the next cycle top on daily chart is still possible, and the next cycle top is nearing. However,...
EURUSD Analysis – Feb 27, 2008
As expected, EURUSD breaks above 1.4966 (23 Nov 2007 high) and reaches as high as 1.5047. Further rise to 1.5300 area to reach the next cycle top on daily chart is still possible. Near term support is...