GBPUSD Analysis – Jul 12, 2008
GBPUSD is forming a cycle bottom at 1.9647 on daily chart. Further rise to 2.0200 to reach next cycle top is still possible next week, and a break of 2.0006 previous high is needed to confirm such...
Author: ForexCycle.com
EURUSD Analysis – Jul 12, 2008
EURUSD broke above 1.5908 previous high resistance and reached 1.5945 level. Further rise to test 1.6019 (Apr 22 high) is still possible next week, a break above this level will take price to 1.6300 area. However, as...
USDCAD Analysis – Jul 9, 2008
USDCAD traded in range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long term up trend.
USDCHF Analysis – Jul 9, 2008
USDCHF formed a cycle bottom at 1.0111 on daily chart. Further rise to test 1.0539 previous high resistance could be seen in next few days. Rise above this level will signal resumption of long term up trend,...
USDJPY Analysis – Jul 9, 2008
USDJPY formed a cycle bottom at 104.98 on daily chart. Further rise is expected to test 108.58 previous high resistance, a break above this level will confirm the resumption of uptrend, and next target would be at...
AUDUSD Analysis – Jul 9, 2008
AUDUSD is forming a cycle top at 0.9667 on daily chart. Key support is at 0.9493, a break below this level will confirm the cycle top. As long as the pair stays above 0.9493, we’d expect uptrend...
GBPUSD Analysis – Jul 9, 2008
GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is...
EURUSD Analysis – Jul 9, 2008
EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level, a break below this level will confirm the cycle top and encourage further pullback to retest 1.5302 previous low...
Volatile Trading Leads to Major Sell-Off for the USD
The USD saw a bearish trading session yesterday. Although no economic data was released with an impact, the USD was mostly affected by speculations. Impacting the greenback was the wary economic outlook from a Federal Reserve official...
USDCAD Analysis – Jul 5, 2008
USDCAD is forming a sideways consolidation in a range between 1.0048 and 1.0322, one more fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long...