USDJPY Analysis – Sep 20, 2008
USDJPY formed a cycle bottom at 103.54 on daily chart. Further rise is still possible to test 109.18 resistance, and sideways consolidation in a range between 103.54 and 110.66 could be seen in a couple of weeks.
Author: ForexCycle.com
AUDUSD Analysis – Sep 20, 2008
AUDUSD breaks above 0.8262 resistance and formed a cycle bottom at 0.7802 on daily chart. Further rise to test 0.8405 key resistance could be seen next week, a break of this level will indicate that the down...
GBPUSD Analysis – Sep 20, 2008
GBPUSD is in correction to down trend. Further rise to test 1.8480 resistance could be seen next week. As long as 1.8480 resistance holds, we’d expect down trend to resume, and deeper decline towards 1.7000 zone is...
EURUSD Analysis – Sep 20, 2008
EURUSD is in correction to down trend. Further rise to test 1.4705 resistance could be seen next week. As long as 1.4705 resistance holds, we’d expect down trend to resume and deeper decline is still possible to...
World Financial Leaders Attempting to Calm the Market
With Interest Rates being held steady in the US and Japan, European financial leaders implementing growth policies, and the decreasing global demand for energy, market stability appears to be the primary focus in the market. Bank failures...
USDCAD Analysis – Sep 17, 2008
USDCAD is in consolidation to up trend. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart is still in favor. As long as 1.0410 support holds, we’d expect up trend to resume, and...
USDCHF Analysis – Sep 17, 2008
USDCHF pulled back from 1.1416 and is now in consolidation to up trend. Further rise is still possible to test 1.1595 (Dec 20, 2007 high) after consolidation and a break of 1.1416 will confirm such case. Initial...
USDJPY Analysis – Sep 17, 2008
USDJPY broke below 103.76 previous low support and rebounded from 103.54 level. The pair might be forming a cycle bottom on daily chart. Further rise towards 109.18 is now in favor in next several days and sideways...
AUDUSD Analysis – Sep 17, 2008
AUDUSD is in down trend and the fall from 0.9849 extends further to as low as 0.7852 level. Initial resistance is at 0.8262 and key resistance is located at 0.8405. As long as 0.8405 level holds, we’d...
GBPUSD Analysis – Sep 17, 2008
GBPUSD rebounded from 1.7445 and is now in consolidation to down trend. Initial resistance is at 1.8130 and followed by 1.8480. As long as 1.8480 resistance holds, we’d expect down trend to resume and deeper decline is...