USDCAD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:57 pm
USDCAD formed a sideways consolidation in a range between 0.9987 and 1.0326. The fall from 1.0326 could possibly be resumption of the down trend. Deeper decline to test 0.9709 previous low support is still in favor and...

USDCHF Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:56 pm
No changed in our view, USDCHF is in up trend. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870, only...

USDJPY Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:54 pm
USDJPY is in consolidation to the up trend. As long as 102.67 holds, we’d expect up trend to resume and further rally to 107.00 area is still in favor after consolidation. Key support is at 100.02, only...

AUDUSD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:53 pm
The up trend line support is broken below, AUDUSD is forming a cycle top at 0.9541 on daily chart. Further fall to test 0.9205 key support is still possible in a couple of days, a break below...

GBPUSD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:52 pm
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 1.9950 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As...

EURUSD Analysis – Apr 30, 2008

by ForexCycle.com | April 29, 2008 7:50 pm
EURUSD broke below the ascending triangle pattern and reached as low as 1.5539. Further fall to 1.5400 area to reach the next cycle bottom on daily chart is still possible in the next several days, and a...

USDCAD Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:46 pm
Being contained by the price channel resistance, USDCAD pulled back from 1.0326, and the fall from 1.0326 could possibly be resumption of the down trend. Deeper decline to test 0.9709 previous low support is still in favor...

USDCHF Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:44 pm
USDCHF breaks above this price channel resistance and up trend resumes. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870,...

USDJPY Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:42 pm
USDJPY breaks above 104.64 and up trend resumes. Further rally to 107.00 area is possible next week. Initial support is at 102.67, as long as this level holds, up trend will continue. Key support is at 100.02,...

AUDUSD Analysis – Apr 26, 2008

by ForexCycle.com | April 25, 2008 9:40 pm
AUDUSD broke above 0.9496 previous high and pulled back from 0.9541. Further fall to test 0.8953 previous low support is still possible, and a break of 0.9205 level will confirm such case. Key resistance is at 0.9541,...