USDJPY Analysis – Nov 15, 2008
USDJPY formed a cycle bottom at 90.92 on daily chart. Further rise is expected to test 100.54 next week. A break above this level will signal further rally towards 108.00 zone. Initial support is at 94.47 and...
Author: ForexCycle.com
AUDUSD Analysis – Nov 15, 2008
No changed in our view, AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 previous low support, a break down below this level will signal deeper decline towards 0.5500 zone....
GBPUSD Analysis – Nov 15, 2008
GBPUSD stays below the down trend line on daily chart. As long as the trend line resistance holds, we’d expect downtrend to continue, and target would be at 1.4000 zone or even lower. Initial resistance is at...
EURUSD Analysis – Nov 15, 2008
EURUSD is trading in a range between 1.2329 and 1.3290. A break down below 1.2329 will signal deeper decline towards 1.2000 zone. Key resistance is located at 1.3290, rise above this level will indicate that the down...
Financial Bailout Rules Changed by U.S. Treasury
The U.S. Treasury Department announced changes to the $700 billion Dollar financial system bailout. The revised financial bailout plan sparked investor’s fears that the U.S. plan to restore liquidity and reduce the lock-up in credit markets is...
AUDUSD Analysis – Nov 13, 2008
AUDUSD formed a cycle top at 0.7014 on daily chart. Pullback is expected to retest 0.6008 support, a break down below this level will signal deeper decline towards 0.5500 zone. Key resistance is now located at 0.7014,...
GBPUSD Analysis – Nov 13, 2008
GBPUSD drops below 1.5269 previous low support. Further decline could be seen to 1.4500 zone. Initial resistance is at the down trend line on daily chart, and as long as the trend line resistance holds, we’d expect...
EURUSD Analysis – Nov 13, 2008
EURUSD formed a cycle top at 1.3290 on daily chart. Deeper decline could be seen to 1.2000 zone in a couple of weeks. Key resistance is now located at 1.3290, above this level will indicate that the...
USDCAD Analysis – Nov 8, 2008
USDCAD rebounds from 1.1464 level. Further rise towards 1.2500 zone could be seen next week. The price action from 1.3015 is treated as consolidation to long term up trend, and trading in a range between 1.1464 and...
USDCHF Analysis – Nov 8, 2008
USDCHF remains in up trend. Further rise could be seen to 1.2000 zone next week. Initial support is located at 1.1549 level. As long as this level holds, we’d expect up trend to continue. However, a break...