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...

USDCHF Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:09 pm
USDCHF is topping at 1.0623, key support is now at 1.0298, a break of this level will confirm the cycle top and deeper decline to 1.0100 area is expected to follow. Initial resistance is at 1.0623, only...

USDJPY Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:08 pm
USDJPY pulled back from 105.70. Further fall to 101.75 area to reach the next cycle bottom on daily chart is possible. However, the fall from 105.70 is treated as correction to the up trend, as long as...

AUDUSD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:07 pm
AUDUSD failed to test 0.9541 precious high resistance and traded in range between 0.9275 and 0.9541. Deeper decline to retest 0.8953 support is possible, and a break of 0.9275 is needed to confirm such case. Key resistance...

GBPUSD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:06 pm
GBPUSD is moving to test 1.9337 (Jan 22 low) support. Break below this level could be seen after consolidation. Key resistance is located at 2.0029, only break above this level will indicate lengthier correction to the long...

EURUSD Analysis – May 11, 2008

by ForexCycle.com | May 10, 2008 7:05 pm
EURUSD is forming a cycle bottom at 1.5284 on daily chart. Bounce to retest 1.5700 resistance is expected before breaking below 1.5284 level. The rise from 1.5284 will be treated as correction to the down trend. Key...

USDCAD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:42 pm
USDCAD is testing 0.9987 previous low support, a break of this level will indicate lengthier consolidation is underway, and deeper decline to retest 0.9709 could be seen. Key resistance is now located at 1.0326, only break of...

USDCHF Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:41 pm
USDCHF’s up trend remains and pullback from 1.0606 is treated as consolidation to the up trend. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible after consolidation. Initial support is...