USDJPY Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:40 pm
USDJPY’s up trend remains and the pullback from 105.70 is treated as consolidation to the up trend. Further rise to 108.00 area is still possible after consolidation. Near term support is at the rising price channel, as...

AUDUSD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:39 pm
AUDUSD is testing 0.9541 resistance, a break of this level will signal resumption of the long term up trend. Pullback from 0.9541 to test 0.9275 key support would more likely be seen, break below this level will...

GBPUSD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:38 pm
GBPUSD stays in a trading range between 1.9599 and 2.0193. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as...

EURUSD Analysis – May 7, 2008

by ForexCycle.com | May 6, 2008 7:36 pm
Being contained by the key support at 1.5342, EURUSD rebounded from 1.5360. Sideways consolidation in a range between 1.5342 and 1.5700 is expected in the next few days. Pullback to retest 1.5342 is still possible after consolidation...

USDCAD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:53 pm
USDCAD traded in range between 0.9987 and 1.0326. Further rise is possible to retest resistance of the down trend line from 1.0378 to 1.0326. Key resistance is now located at 1.0326, as long as this resistance hold,...

USDCHF Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:52 pm
USDCHF’s up trend extends to as high as 1.0606. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible next week. Initial support is at 1.0300, only break of this level...

USDJPY Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:50 pm
USDJPY’s up trend extends to as high as 105.70. Further rise to 107.00 area is still possible. Near term support is at the rising price channel, as long as the channel support holds, up trend will continue....

AUDUSD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:49 pm
AUDUSD formed a cycle top at 0.9541 on daily chart. Deeper decline to retest 0.8953 previous low support is expected to follow. Key resistance is at 0.9541, only rise above this level will signal resumption of the...

GBPUSD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:48 pm
No changed in our view, GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking...

EURUSD Analysis – May 3, 2008

by ForexCycle.com | May 2, 2008 10:45 pm
EURUSD is testing 1.5342 key support, consolidation will more likely be seen before breaking below this level, and rebound to 1.5650 area is expected. Key resistance is located at 1.6019, only break of this level will signal...