USDCAD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:44 am
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. As long as 1.0326 resistance holds, we’d expect down trend to resume and deeper decline to retest 0.9709 previous low support is still in...

USDCHF Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:40 am
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. As long as 0.9870 support holds, we’d expected up trend to resume, and further rise to 1.0500 area to reach the next cycle top...

USDJPY Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:37 am
USDJPY is in up trend. The fall from 102.94 is treated as consolidation to the up trend. Further rally to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation....

AUDUSD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:36 am
AUDUSD is forming a sideways consolidation in a range between 0.8953 and 0.9496. Further rebound to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long...

GBPUSD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:35 am
GBPUSD is in down trend. Deeper decline to test 1.9337 is still possible in the next several days. Near term resistance is at 1.9841 and key resistance is at 2.0049. As long as 2.0049 resistance holds, we’d...

EURUSD Analysis – Apr 12, 2008

by ForexCycle.com | April 12, 2008 6:34 am
EURUSD broke above 1.5902 and pulled back from 1.5913 level. Further rally to 1.6200 area to reach the next cycle top on daily chart is still possible after consolidation. Near term support is at 1.5510 and key...

USDCAD Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:33 pm
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. Deeper decline to retest 0.9709 previous low support is still in favor. Key resistance is located at 1.0378, only break of this level will...

USDCHF Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:31 pm
USDCHF is testing 1.0249 resistance, as long as 0.9870 support holds, we’d expected up trend to resume, and further rise above 1.0249 level to reach the next cycle top on daily chart is still in favor. Key...

USDJPY Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:30 pm
USDJPY traded in a narrow range between 101.45 and 102.94 in the last few days. Further rise to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation. Key support...

AUDUSD Analysis – Apr 9, 2008

by ForexCycle.com | April 8, 2008 8:28 pm
AUDUSD breaks above 0.9252 resistance and reaches as high as 0.9328. Further rally to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long as 0.9496...