GBPUSD Analysis – Aug 16, 2008
GBPUSD is in down trend and the fall from 2.0158 extends further to as low as 1.8512 level. Deeper decline towards 1.8200 could still be seen next week. Initial resistance is now at 1.8900, as long as...
Author: ForexCycle.com
EURUSD Analysis – Aug 16, 2008
EURUSD’s down trend from 1.6038 extends to 1.4660 level. Further fall towards 1.4500 is in favor next week. Initial resistance is located at 1.4985, only rise above this level will signal consolidation to down trend.
USD Resumes Gains Over Fears Of Global Slowdown
CPI Data On Tap. The USD completed yesterday’s trading session with mixed results versus its major rival currencies. During the first half of the day, the U.S. dollar eased versus the euro and the yen after government...
USDCAD Analysis – Aug 13, 2008
USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0727 level. Further rise towards 1.1000 is still possible next week. Initial support is now located at 1.0550, as long as this level holds, we’d expect...
USDCHF Analysis – Aug 13, 2008
USDCHF’s up trend remains, and the rise from 1.0010 extends to as high as 1.0924 level. Further rise towards 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0700, only fall...
USDJPY Analysis – Aug 13, 2008
USDJPY is in up trend. The fall from 110.40 is treated as consolidation to up trend. Key support is located at 107.28, as long as this support holds, we’d expect up trend to resume, and further rise...
AUDUSD Analysis – Aug 13, 2008
AUDUSD dropped sharply from 0.9849 to as low as 0.8666 level. Further fall to test 0.8512 (Jan 22 low) support is possible in next few days. Initial resistance is located at 0.8955 level, and as long as...
GBPUSD Analysis – Aug 13, 2008
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.8952 level. Deeper decline towards 1.8600 is still possible in a couple of weeks. Initial resistance is now located at 1.9250, as...
EURUSD Analysis – Aug 13, 2008
EURUSD’s down trend remains and the fall from 1.6038 extends further to 1.4815 level. Consolidation would more likely be seen in a couple of days, and deeper decline to 1.4500 is still possible after consolidation. Initial resistance...
Heavy Decilne in Crude Oil Prices Spark Bullish Trend in Dollar Trading
Will a Bearish Correction Take Place? Yesterday, the USD rallied against all the major counterparts. The EUR/USD dropped over 150 pips, descending below the 1.4900 level. The dollar experienced similar sessions vs. the GBP and the CHF...