USDCHF Analysis – Aug 30, 2008
USDCHF traded in range between 1.0842 and 1.1084 for several days. As long as 1.0842 support holds, we’d expect up trend to resume, and further rise is possible to 1.1200 level. However, a break below 1.0842 key...
Author: ForexCycle.com
USDJPY Analysis – Aug 30, 2008
USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart is now in favor. On the other side, a break above 110.66...
AUDUSD Analysis – Aug 30, 2008
AUDUSD is in down trend, and rebound from 0.8493 is treated as consolidation to down trend. Further fall is still possible to 0.8400 level after consolidation. Key resistance is now located at 0.8812, break above this level...
GBPUSD Analysis – Aug 30, 2008
GBPUSD’s down trend from 2.0158 extends further to as low as 1.8173 level. Deeper decline is still possible to 1.8000 next week. Key resistance is located at 1.8794, a break of this level level will indicate that...
EURUSD Analysis – Aug 30, 2008
EURUSD traded in range between 1.4571 and 1.4908 for several days. Key resistance is located at 1.4908, as long as price stays below this level, we’d expect down trend to resume, and further fall is still possible...
ECB’s Weber Boosts EUR. Is it the Beginning of a Larger USD Decline?
The USD is On Its Way Down Ahead of the GDP Figures. The greenback saw mixed results versus its rival counterparts during yesterday’s trading session. The USD initially retreated from recent highs against a basket of rival...
USDCAD Analysis – Aug 27, 2008
USDCAD formed a cycle top at 1.0727 on daily chart. Pullback to 1.0260 1.0350 area to reach next cycle bottom is expected. Key resistance is at 1.0727, rise above this level could signal resumption of up...
USDCHF Analysis – Aug 27, 2008
USDCHF’s up trend remains. As long as 1.0842 support holds, we’d expect up trend to continue and further rise towards 1.1200 is still possible in a couple of days. However, a break below 1.0842 key support will...
USDJPY Analysis – Aug 27, 2008
USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart would more likely be seen before breaking above 110.66 level. However, a...
AUDUSD Analysis – Aug 27, 2008
AUDUSD’s down trend resumed and the fall from 0.9849 extended further to as low as 0.8493 level. Deeper decline is still possible to 0.8400 level in a couple of days. Key resistance is now located at 0.8812,...