GBPUSD Analysis. Feb 6, 2008

by ForexCycle.com | February 5, 2008 6:52 pm
GBPUSD is in consolidation to the down trend. Further pullback towards 1.9337 previous low could still be seen in the next several days. Near term resistance is at 1.9957, as long as this resistance holds, we’d expected...

EURUSD Analysis. Feb 6, 2008

by ForexCycle.com | February 5, 2008 6:51 pm
EURUSD dropped sharply from 1.4951, and reached as low as 1.4621. Further pullback to 1.4400 area to reach the next cycle bottom on daily chart could still be seen in a couple of days, and the next...

USDCAD Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:26 pm
USDCAD is in consolidation to the up trend. The fall from 1.0378 extended to as low as 0.9871. Further fall towards 0.9756 previous low to complete the consolidation is expected. Key support is at 0.9756, only breakdown...

USDCHF Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:25 pm
USDCHF broke below 1.0836 previous low and rebounded from 1.9729 level. Further rise towards 1.1050 area to reach the next cycle top on daily chart is still possible next week. However, the rise from 1.0729 is treated...

USDJPY Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:23 pm
USDJPY is forming a cycle bottom at 104.96 on daily chart, key resistance is at 107.91, a break above this level will confirm the cycle bottom, and signal the reversal to the down trend, further rise towards...

AUDUSD Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:22 pm
AUDUSD broke above 0.9018 resistance, and is now in up trend. Further rise towards 0.9398 previous high can be seen after consolidation. Near term support is at 0.8819, as long as this support holds, up trend will...

GBPUSD Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:21 pm
No changed in our view, GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. decline towards 1.9400 area, and rebound from the previous low support at 1.9337 may be expected next week. The...

EURUSD Analysis. Feb 2, 2008

by ForexCycle.com | February 1, 2008 9:17 pm
EURUSD failed to test the previous high resistance at 1.4966 and pulled back from 1.4951. Further decline towards 1.4400 area to reach the next cycle bottom on daily chart is still possible next week. Key resistance is...