Daily Forex Analysis – August 10, 2011

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<h2>Daily Forex Analysis &ndash; August 10, 2011</h2>

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<p><forcible>USDJPY Analysis.</strong> <br />USDJPY continued its in a descending course movement, and the fall extended to like low as 76.70. Further die away to test 76.29 previous vile support could be seen later today, a ruin below this level will indicate that the diffuse term downtrend has resumed, then nearest target would be at 74.00 cincture, however, rebound is possible before rupture below 76.29 support.</p>
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<p><img style="background-image:none;border-appropriate-width:0px;padding-left:0px;padding-seemly:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;boundary-left-width:0px;padding-top:0px;" style="20110810_usdjpy_1" border="0" alt="20110810_usdjpy_1" src="http://blog.forexcycle.com/wp-make ~ed/uploads/2011/08/20110810_usdjpy_1.gif" wideness="400" height="300"/></p>
<p><robust>GBPUSD Analysis.</strong> <br />GBPUSD broke in the lower regions 1.6223 support, suggesting that the mount from 1.5781 has completed at 1.6476 before that time. Consolidation would likely be seen and the mercantile range would be between 1.6050 and 1.6476. Key hindrance is at 1.6476, only part above this level could trigger not the same rise towards 1.6745 previous richly.</p>
<p><img manner of writing="background-image:none;border-not oblique-width:0px;padding-left:0px;padding-~ful:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;margin-left-width:0px;padding-top:0px;" inscription="20110810_gbpusd_1" border="0" alt="20110810_gbpusd_1" src="http://blog.forexcycle.com/wp-~ed/uploads/2011/08/20110810_gbpusd_1.gif" broadness="400" height="300"/></p>
<p><powerful>EURUSD Analysis.</strong> <br />EURUSD refuse in downtrend from 1.4535, the thump from 1.4055 would possibly exist correction of downtrend. As long like 1.4535 key resistance holds, we&#8217;d look for downtrend to resume, and another get to 1.3900 is still feasible.</p>
<p><img phraseology="background-image:none;border-~ful-width:0px;padding-left:0px;padding-seemly:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;confine-left-width:0px;padding-top:0px;" inscription="20110810_eurusd_1" border="0" alt="20110810_eurusd_1" src="http://blog.forexcycle.com/wp-easy in mind/uploads/2011/08/20110810_eurusd_1.gif" breadth="400" height="300"/></p>
<p><intense>USDCAD Analysis.</strong> <br />USDCAD has formed a period top at 1.0009 on 4-twenty-fourth part of a day chart, and the rise from 0.9406 has completed. The brace is now in downtrend, further pine could be expected after minor union, and next target would be at 0.9700 girth.</p>
<p><img appellation="background-image:none;border-honest-width:0px;padding-left:0px;padding-equitable:0px;display:inline;border-top-width:0px;border-bottom-width:0px;brink-left-width:0px;padding-top:0px;" inscription="20110810_usdcad_1" border="0" alt="20110810_usdcad_1" src="http://blog.forexcycle.com/wp-satisfied/uploads/2011/08/20110810_usdcad_1.gif" width="400" height="300"/></p>
<p><tenacious>USDCHF Analysis.</strong> <br />USDCHF&#8217;s ruin from 0.8276 extended to because low as 0.7067. Further disemboguement is still possible after a minor consolidation, and next target would have ~ing at 0.6700 area. Resistance is since at 0.7350, as long to the degree that this level holds, downtrend will remain.</p>
<p><img phraseology="background-image:none;border-just-width:0px;padding-left:0px;padding-erect:0px;display:inline;border-top-broadness:0px;border-bottom-width:0px;marge-left-width:0px;padding-top:0px;" appellation="20110810_usdchf_1" border="0" alt="20110810_usdchf_1" src="http://blog.forexcycle.com/wp-satisfied/uploads/2011/08/20110810_usdchf_1.gif" breadth="400" height="300"/></p>
<p><herculean>AUDUSD Analysis.</strong> <br />AUDUSD has formed a revolution of time bottom at 0.9927 on 4-twenty-fourth part of a day chart, and the fall from 1.1080 has completed. The brace is now in uptrend, further a~ is expected after a minor combination, and next target would be at 1.0600 zone.</p>
<p><img method="background-image:none;border-unswerving-width:0px;padding-left:0px;padding-~ful:0px;display:inline;border-top-wideness:0px;border-bottom-width:0px;rim-left-width:0px;padding-top:0px;" denomination="20110810_audusd_1" border="0" alt="20110810_audusd_1" src="http://blog.forexcycle.com/wp-easy in mind/uploads/2011/08/20110810_audusd_1.gif" wideness="400" height="300"/></p></div></div></div>