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My Home About Me Free Forex Market Analysis Providing excellent free forex market analysis from ForexCycle.com Audusd Drops Sharply To As Low As 0.6988 Level Posted on Monday Oct 06, 2008 08:57PM | Link | Post Comment AUDUSD drops sharply to as low as 0.6988 level. Consolidation could be seen in a couple of days before breaking below 0.6988 level. Near term resistance is at the down trend line on 4-hour chart, as long as the trend line resistance holds, we’d expec... Read More GBPUSD Rebounds From 1.7551 Posted on Sunday Oct 05, 2008 09:28PM | Link | Post Comment Being contained by the support of 1.7445 (Sep 11 low), GBPUSD rebounds from 1.7551. The pair is now in consolidation to down trend. Rise towards 1.8000 zone to reach the next short term cycle top on 4-hour chart is possible in a couple of days. Howev... Read More USDCHF Is Testing 1.1416 Resistance Posted on Thursday Oct 02, 2008 08:41PM | Link | Post Comment USDCHF is testing 1.1416 (Sep 11 high) resistance. Further rise above this level would more likely be seen later today, a break of this level will signal resumption of long term up trend, and further rally could be seen to 1.2000 zone. More FR... Read More USDCHF Is Forming A Sideways Consolidation Posted on Wednesday Oct 01, 2008 09:04PM | Link | Post Comment USDCHF is forming a sideways consolidation in a range between 1.0693 and 1.1416. Further rise is still possible to test 1.1416 (Sep 11 high) resistance. As long as this level holds, we’d expect down trend to resume and pullback towards 1.0693 could b... Read More USDCAD Rebounds Sharply From 1.0297 Posted on Tuesday Sep 30, 2008 11:39PM | Link | Post Comment USDCAD rebounds sharply from 1.0297 and formed a cycle bottom on daily chart. Further rise above 1.0819 previous high is still possible in next several days. Long term key support is now located at 1.0297, a break below this level will indicate that ... Read More

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