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Author: ForexCycle.com
Full Day of Fundamental Data Looks to Provide Volatility
Will US Economy Continue to Produce Positive Data? Yesterday, the greenback saw mainly volatile sessions against its currency counterparts. After the significant appreciation the USD went through on Tuesday, it managed to preserve its relatively high rates.
Are the USD Bulls here to Stay?
With Non Farm Payroll on Tap Will EUR/USD test 1.55? Yesterday was an amazing trading day for the USD. The USD saw bullish trends against all its currency counterparts. The increase in the greenback’s value was most...
USDCAD Analysis – Jul 30, 2008
USDCAD breaks above 1.0238 resistance. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is now in favor. Initial support is at 1.0150 and key support is at 0.9974, only fall below 0.9974...
USDCHF Analysis – Jul 30, 2008
USDCHF breaks above the resistance of the down trend line from 1.0623 to 1.0539. Further rise to test 1.0539 is still possible, and a break of this level will confirm the resumption of long term up trend....
USDJPY Analysis – Jul 30, 2008
USDJPY’s up trend from 103.76 extends to as high as 108.29. Further rise towards 112.00 is expected to follow in a couple of week. Key support is now located at 103.76, only fall below this level will...
AUDUSD Analysis – Jul 30, 2008
AUDUSD is testing 0.9475 support. A break below this level will signal further pullback towards 0.9327 previous low. However, the next cycle bottom on daily chart is nearing, rebound would more likely be seen before breaking below...
GBPUSD Analysis – Jul 30, 2008
GBPUSD broke below the up trend line from 1.9408 to 1.9647 and formed a cycle top at 2.0158 on daily chart. Deeper decline to retest 1.9337 (Jan 22 low) is now in favor. However, a break below...
EURUSD Analysis – Jul 30, 2008
EURUSD breaks below 1.5611 support and down trend resumes. Deeper decline towards 1.5302 previous low is possible in next few days. Initial resistance is at 1.5770, rise above this level will signal consolidation to down trend. As...
In Which Direction Will Market Sentiment Pull The Fledgling Dollar?
The Greenback traded close to its lowest mark in one week versus the Euro yesterday as a batch of unplanned news from the US added to bearish behavior for the USD. Responding to a $1 rise in...