USDCAD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 1:03 am
USDCAD formed a cycle top at 1.0326 level on daily chart. Pullback to retest 0.9709 previous low support is now in favor. Key resistance is at 1.0378, only break of this level will signal the resumption of...

USDCHF Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 1:02 am
As expected, USDCHF breaks above 1.0249 previous high resistance and reaches as high as 1.0284. Further rise to 1.0500 area is still possible in the next couple of weeks. Key support is now located at 0.9870, only...

USDJPY Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 12:59 am
As expected, USDJPY breaks above 102.94 resistance and reaches as high as 104.64. Further rise to 105.50 area to reach the next cycle top on daily chart is still possible next week. Key support is now located...

AUDUSD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 12:58 am
AUDUSD is moving to 0.9450 area to reach the next cycle top on daily chart. Key support is now located at 0.9205, a break down below this level will confirm the cycle top. Long term key resistance...

GBPUSD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 12:56 am
GBPUSD is in down trend. Rebound from 1.9599 is treated as correction to the down trend. Further rise to test the price channel resistance is still possible next week. As long as 2.0193 resistance holds, we’d expect...

EURUSD Analysis – Apr 19, 2008

by ForexCycle.com | April 19, 2008 12:54 am
EURUSD’s up trend remains and the pullback from 1.5983 is treated as correction to the up trend. Further rise to 1.6100 area to reach the next cycle top on daily chart is still possible after correction. Near...

USDCAD Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:19 pm
USDCAD pulled back from the price channel resistance and is forming a cycle top at 1.0326 on daily chart. Further fall to test 0.9709 previous low support is possible after correction, and a break of 1.0018 level...

USDCHF Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:18 pm
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. Further rise to 1.0500 area to reach the next cycle top on daily chart is still in favor before breaking below 0.9870 level. Key...

USDJPY Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:17 pm
No changed in our view, USDJPY is in up trend, and the fall from 102.94 is treated as consolidation to the up trend. As long as the key support at 98.55 holds, we’d expect up trend to...

AUDUSD Analysis – Apr 16, 2008

by ForexCycle.com | April 15, 2008 7:15 pm
AUDUSD may be forming a cycle top at 0.9346 on daily chart, but a break of the key support at 0.9031 is needed to confirm the cycle top. Key resistance is at 0.9496, only rise above this...