AUDUSD Analysis – Oct 1, 2008
AUDUSD pulls back sharply from 0.8519 and formed a cycle top on 4-hour chart. Further fall is still possible to test 0.7802 previous low support. As long as this level holds, the fall from 0.8519 is treated...
Author: ForexCycle.com
GBPUSD Analysis – Oct 1, 2008
GBPUSD pulls back sharply from 1.8668 and formed a cycle top on daily chart. Deeper decline is still possible to test 1.7445 previous low support. As long as this level holds, we’d expect up trend to resume...
EURUSD Analysis – Oct 1, 2008
EURUSD pulls back sharply to 1.4008 level. Deeper decline is still possible to test 1.3881 previous low support in a couple of days. As long as this level holds, the fall from 1.4867 is treated as correction...
USDCAD Analysis – Sep 27, 2008
USDCAD traded in a narrow range between 1.0297 and 1.0397 for several days. Deeper decline is still possible. However, rebound towards 1.0650 zone would more likely be seen next week, and a break of 1.0410 level will...
USDCHF Analysis – Sep 27, 2008
USDCHF pulled back sharply from 1.1416 and reached as low as 1.0693 level. Initial resistance is located at 1.1055, as long as this level holds, we’d expect down trend to continue and deeper decline is still possible...
USDJPY Analysis – Sep 27, 2008
USDJPY is forming a sideways consolidation in a range between 103.54 and 110.66. Rebound towards 10950 zone is expected next week, and pullback could be seen before breaking above 110.66 previous high resistance.
AUDUSD Analysis – Sep 27, 2008
AUDUSD is in up trend, and the fall from 0.8519 is treated as consolidation to up trend. Initial support is at 0.8075, as long as this level holds, we’d expect up trend to resume and further rise...
GBPUSD Analysis – Sep 27, 2008
GBPUSD rebounded to 1.8668 level and is now in up trend. As long as 1.8200 support holds, we’d expect up trend to continue and further rise is still possible to 1.9000 zone. However, a break below 1.8200...
EURUSD Analysis – Sep 27, 2008
EURUSD rebounded to 1.4867 level and is now in up trend. Initial support is at 1.4450 and followed by 1.4260, as long as 1.4450 support holds, we’d expect up trend to continue and further rally could be...
New Home Sales Figure Disappoints but Interest Rates Counter
Traders witnessed a minor phenomenon in the market yesterday regarding the USD. Despite predictions by analysts that a lower-than-forecast New Home Sales figure would weaken the USD, it actually did the opposite in spot trading. With the...