AUDUSD Analysis – May 17, 2008

by ForexCycle.com | May 17, 2008 4:16 am
AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support...

GBPUSD Analysis – May 17, 2008

by ForexCycle.com | May 17, 2008 4:15 am
Being contained by 1.9337 (Jan 22 low) support, GBPUSD rebounded from 1.9363 level. However, the rise from 1.9363 is treated as consolidation to the down trend. Deeper decline to 1.9200 area is expected to follow after consolidation....

EURUSD Analysis – May 17, 2008

by ForexCycle.com | May 17, 2008 4:14 am
EURUSD broke above 1,5594 key resistance and formed a cycle bottom at 1.5284 on daily chart. Further rise to 1.5725 area is possible, and sideways consolidation in a range between 1.5284 and 1.6019 could be expected in...

USDCAD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:40 pm
USDCAD breaks below 0.9987 support. Deeper decline to test 0.9709 is still possible in the next several days. Key resistance is now located at 1.0326, only break of this level will signal the resumption of the long...

USDCHF Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:39 pm
USDCHF is forming a cycle top at 1.0623 on daily chart. Key support is now located at 1.0388, a break below this level will confirm the cycle top and pullback to retest 0.9870 support is expected to...

USDJPY Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:38 pm
USDJPY is forming a cycle bottom at 102.58 on daily chart. The rise from 102.58 is treated as resumption of the up trend. Further rise towards 108.00 to reach the next cycle top is expected. Initial support...

AUDUSD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:37 pm
AUDUSD traded in range between 0.9275 and 0.9541. Deeper decline to retest 0.8953 support is still in favor and a break of 0.9275 will confirm such case. Key resistance is at 0.9541, only rise above this level...

GBPUSD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:36 pm
GBPUSD is in down trend. Further fall to test 1.9337 (Jan 22 low) is expected. Break below this level is possible after consolidation. Key resistance is located at 2.0029, only rise above this level will indicate lengthier...

EURUSD Analysis – May 14, 2008

by ForexCycle.com | May 13, 2008 6:35 pm
EURUSD is bottoming at 1.5284 on daily chart. Key resistance is now located at 1.5594, a break of this level will confirm the cycle bottom. Sideways consolidation in a range between 1.5284 and 1.6019 could be expected...

USDCAD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:10 pm
USDCAD traded in range between 0.9987 and 1.0326. Break below 0.9987 level would more likely be seen in the next few days. Key resistance is now located at 1.0326, only break of this level will signal the...