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Loading ...October 30th, 2008, 12:33 pm | By forexcycle | Published in Weekly Technical | 
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USDJPY rebounds sharply from 90.92, however, the rise is treated as correction to down trend. Pullback to retest 90.92 could be seen in next several days, and a break below this level will signal deeper decline to 87.00 zone. Key resistance is located at 103.06, only rise above this level ... Read more
(No Ratings Yet) Loading ...October 25th, 2008, 4:49 pm | By forexcycle | Published in Weekly Technical | No Comments »
USDJPY breaks below 95.77 (Mar 17 low) long term key support and reaches as low as 90.92 level. Consolidation is expected next week, and deeper decline could be seen to 87.00 zone after consolidation. Key resistance is located at 103.06, only rise above this level will signal reversal to down ... Read more
(No Ratings Yet) Loading ...October 22nd, 2008, 3:45 pm | By forexcycle | Published in Weekly Technical | No Comments »
EURUSD breaks below 1.3258 support and the down trend from 1.6038 extends further to as low as 1.3001 level. Deeper decline towards 1.2500 zone to reach next cycle bottom on daily chart is still possible in next several days. Initial resistance is now at 1.3785 and followed by the down ... Read more
(No Ratings Yet) Loading ...October 18th, 2008, 12:51 pm | By forexcycle | Published in Weekly Technical | No Comments »
USDJPY is in consolidation to down trend. Further rally to 104.00 zone to reach the next cycle top on daily chart is still in favor, and the next cycle top is nearing. As long as the trend line resistance holds, we'd expect down trend to resume, and deeper decline is ... Read more
(No Ratings Yet) Loading ...October 16th, 2008, 7:10 am | By forexcycle | Published in Weekly Technical | No Comments »
As expected, USDCAD formed a cycle top at 1.2123 on daily chart. Consolidation in a range between 1.1000 and 1.2123 could be seen in next several weeks. Key resistance is now located at 1.2123, and this level will be held until resumption of up trend.
For long term analysis, USDCAD is ... Read more
