GBPUSD Analysis – Jul 23, 2008
no changed in our view, GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the...
Author: ForexCycle.com
EURUSD Analysis – Jul 23, 2008
EURUSD broke below the up trend line from 1.5302 to 1.5611. Deeper decline to test 1.5611 support is still possible in next few days. Initial resistance is at 1.6038, only rise above this level will signal further...
USD Continues To Be Under Pressure
When glancing back at a weekly chart several months from now, one will look at the change in the market last week and consider it a normal one. The greenback ended the trading week last week virtually...
USDCAD Analysis – Jul 19, 2008
No changed in our view, USDCAD’s down trend remains and deeper decline is expected to 0.9900 area. Key resistance is at 1.0238, a break of this level will indicate that the fall from 1.0322 has completed and...
USDCHF Analysis – Jul 19, 2008
USDCHF rebounded from 1.0010 level. Further rise to 1.0400 to reach the next cycle top on daily chart is still possible next week. Initial resistance is at 1.0351 and long term key resistance is located at 1.0539,...
USDJPY Analysis – Jul 19, 2008
USDJPY rebound sharply from 103.76 and reached 107.09 high. Moving higher to test 108.58 is still possible next week, a break of this level will signal further rally to 112.00 level. Initial support is at 103.76, only...
AUDUSD Analysis – Jul 19, 2008
AUDUSD pulled back from 0.9849 and is forming a sideways consolidation. Near term support is at the up trend line from 0.9327 to 0.9475. As long as the trend line support holds, we’d expect up trend to...
GBPUSD Analysis – Jul 19, 2008
GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the trend line support holds, we’d...
EURUSD Analysis – Jul 19, 2008
EURUSD is testing the support of the up trend line from 1.5302 to 1.5611, break below the trend line support will take price back to1.5600 level. As long as the trend line support holds, we’d expect up...
Dollar Expectations are Strong as US Stock Markets Produce Big Gains Yesterday
Yesterday the greenback regained much needed points against its major currency rivals, amidst another day of falling Crude Oil prices. During mid-day trading, prices for Light Sweet Crude Oil dropped to 6 week lows below $130 per...