USDCAD Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:40 pm
USDCAD broke below 1.0150 support and formed a cycle top at 1.0322 level on daily chart. Sideways consolidation would more likely be seen before breaking above 1.0322. However, a break above 1.0322 level will indicate that long...

USDCHF Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:39 pm
USDCHF might be forming a cycle top at 1.0539 on daily chart. Pullback to test the support of the up trend line from 0.9634 to 1.0147 is expected. Key support is at 1.0147, a break below this...

USDJPY Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:38 pm
USDJPY might be forming a cycle top at 108.58 on daily chart. Pullback to retest the support of the price channel is expected in next few days. Initial resistance is at 108.58, only break of this level...

AUDUSD Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:37 pm
AUDUSD formed a cycle bottom at 0.9327 on daily chart. Further rise above 0.9653 previous high resistance is now in favor. Key support is now at 0.9327, only break down below this level will indicate lengthier consolidation...

GBPUSD Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:36 pm
GBPUSD is testing 1.9800 resistance, a break of this level will signal resumption of up trend, and then further rise to 2.0300 area to reach next cycle top could be seen in a couple of weeks. However...

EURUSD Analysis – Jun 22, 2008

by ForexCycle.com | June 21, 2008 6:35 pm
EURUSD is forming a cycle bottom at 1.5302 on daily chart. However the rise from 1.5302 is treated as consolidation to down trend. Deeper decline is still possible after consolidation. A break below 1.5302 level will indicate...

USDCAD Analysis – Jun 18, 2008

by ForexCycle.com | June 17, 2008 7:11 pm
USDCAD might be forming a cycle top at 1.0322 on daily chart. Key support is at 1.0150, a break of this level will confirm the cycle top, and deeper decline to 1.0000 area is expected to follow....

USDCHF Analysis – Jun 18, 2008

by ForexCycle.com | June 17, 2008 7:10 pm
USDCHF formed a cycle bottom at 1.0147 on daily chart. The rise from 1.0147 could possibly be resumption of up trend. Further rally to 1.0800 area is possible in next few day. Initial support is at 1.0300...

USDJPY Analysis – Jun 18, 2008

by ForexCycle.com | June 17, 2008 7:10 pm
No changed in our view, USDJPY is in up trend. Further rise to 110.00 area to reach next cycle top on daily chart is still possible. Initial support is at 106.55 and key support is at 103.87,...

AUDUSD Analysis – Jun 18, 2008

by ForexCycle.com | June 17, 2008 7:09 pm
AUDUSD is in consolidation to up trend. Further fall to test 0.9275 support is still possible in next few days, a break below this level will signal reversal to up trend. As long as 0.9275 support holds,...