USDCAD Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:05 pm
USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0727 level. Further rise towards 1.1000 is still possible next week. Initial support is now located at 1.0550, as long as this level holds, we’d expect...

USDCHF Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:04 pm
USDCHF’s up trend remains, and the rise from 1.0010 extends to as high as 1.0924 level. Further rise towards 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0700, only fall...

USDJPY Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:03 pm
USDJPY is in up trend. The fall from 110.40 is treated as consolidation to up trend. Key support is located at 107.28, as long as this support holds, we’d expect up trend to resume, and further rise...

AUDUSD Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:02 pm
AUDUSD dropped sharply from 0.9849 to as low as 0.8666 level. Further fall to test 0.8512 (Jan 22 low) support is possible in next few days. Initial resistance is located at 0.8955 level, and as long as...

GBPUSD Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:00 pm
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.8952 level. Deeper decline towards 1.8600 is still possible in a couple of weeks. Initial resistance is now located at 1.9250, as...

EURUSD Analysis – Aug 13, 2008

by ForexCycle.com | August 12, 2008 8:00 pm
EURUSD’s down trend remains and the fall from 1.6038 extends further to 1.4815 level. Consolidation would more likely be seen in a couple of days, and deeper decline to 1.4500 is still possible after consolidation. Initial resistance...

USDCAD Analysis – Aug 9, 2008

by ForexCycle.com | August 8, 2008 10:49 pm
USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0696 level. Further rise towards 1.1000 is still possible next week. Initial support is located at 1.0500, as long as this level holds, we’d expect up...

USDCHF Analysis – Aug 9, 2008

by ForexCycle.com | August 8, 2008 10:47 pm
USDCHF broke above 1.0623 (May 8 high) previous high resistance and reached as high as 1.0835 level. Further rise to 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0600, only...

USDJPY Analysis – Aug 9, 2008

by ForexCycle.com | August 8, 2008 10:46 pm
As expected, USDJPY broke above 108.58 previous high resistance and reached 110.36 level. Further rise to 112.00 to reach next cycle top on daily chart is still possible next week. Initial support is at 107.28, as long...

AUDUSD Analysis – Aug 9, 2008

by ForexCycle.com | August 8, 2008 10:44 pm
AUDUSD broke below 0.8953 (Mar 20 low) previous low support and reached as low as 0.8866 level. Further fall to 0.8700 to reach next cycle bottom on daily chart is still possible next week and the next...