Daily Forex Analysis – May 16, 2008

by ForexCycle.com | May 16, 2008 00:38
AUDUSD Analysis.Being supported by 0.9275, AUDUSD rebounded from 0.9291. The pair might be forming a symmetrical triangle pattern in a range trading between 0.9275 and 0.9541 (Apr 23 high). Further rise towards 0.9800 area is expected after...

Daily Forex Analysis – May 15, 2008

by ForexCycle.com | May 15, 2008 02:09
EURUSD Analysis.EURUSD failed to test 1.5594 resistance and pulled back from 1.5569. As long as 1.5284 support holds, we’d expect up trend to resume and further rise to 1.5650 area to reach the next short term cycle...

Daily Forex Analysis – May 14, 2008

by ForexCycle.com | May 14, 2008 00:25
USDJPY Analysis.USDJPY formed a short term cycle bottom at 102.58 level on 4-hour chart. Further rise to test 105.70 resistance is expected and break above this level to reach the next short term cycle top is still...

Daily Forex Analysis – May 13, 2008

by ForexCycle.com | May 12, 2008 23:57
USDCHF Analysis.USDCHF formed a short term cycle top at 1.0623 on 4-hour chart. The rise from 0.9995 (Apr 22 low) might be completed and the fall from 1.0623 could possibly be resumption of the down trend. Deeper...

Daily Forex Analysis – May 12, 2008

by ForexCycle.com | May 12, 2008 01:24
GBPUSD Analysis.GBPUSD is in down trend. Further fall to test 1.9337 (Jan 22 low) long term key support is possible in a couple of days. Initial resistance is at 1.9621, as long as this resistance holds, down...

Daily Forex Analysis – May 9, 2008

by ForexCycle.com | May 9, 2008 01:37
USDJPY Analysis. USDJPY pulls back to as low as 103.40. Further fall to 103.00 area to reach the next short term cycle bottom on 4-hour chart is expect and the next cycle bottom is nearing. As long...

Daily Forex Analysis – May 8, 2008

by ForexCycle.com | May 8, 2008 02:38
EURUSD Analysis.EURUSD breaks below long term key support at 1.5342 (Mar 24 low) and is now in long term down trend, the long term target would be at 1.5000 area. For short term analysis, the pair formed...

Daily Forex Analysis – May 7, 2008

by ForexCycle.com | May 7, 2008 00:29
USDJPY Analysis. Being contained by the support of the up trend line from 95.77 (Mar 17 low) to 100.30 (Apr 14 low), USDJPY rebounds from 104.02 and is forming a short term cycle bottom on 4-hour chart....

Daily Forex Analysis – May 6, 2008

by ForexCycle.com | May 6, 2008 02:08
USDCAD Analysis. USDCAD traded in a range between 0.9987 (Apr 17 low) and 1.0326 (Apr 1 high). Fall below 0.9987 is still in favor. Key resistance is located at 1.0326, a break of this level will signal...

Daily Forex Analysis – May 2, 2008

by ForexCycle.com | May 2, 2008 02:03
AUDUSD Analysis.AUDUSD is testing 0.9290 support, a break of this level will signal the resumption of the down trend and deeper decline to 0.9000 area is expected to follow. Key resistance is at 0.9541, only rise above...