USDCHF Analysis – Mar 30, 2008
USDCHF is forming a cycle top at 1.0249 on daily chart. As long as the key support at 0.9634 holds, sideways consolidation in a range between 0.9634 and 1.0249 is expected in a couple of weeks. A...
Author: ForexCycle.com
USDJPY Analysis – Mar 30, 2008
USDJPY formed a cycle bottom at 95.77 level on daily chart. Further rebound to 102.50 area to reach the next cycle top on daily chart is still possible in the next several days. Key support is at...
AUDUSD Analysis – Mar 30, 2008
No changed in our view, AUDUSD is in down trend. Rebound from 0.8953 is treated as correction to the down trend. Deeper decline to retest 0.8512 previous low support is still possible after correction and a break...
GBPUSD Analysis – Mar 30, 2008
GBPUSD is in down trend. The rebound from 1.9736 is treated as consolidation to the down trend. Deeper decline to retest 1.9337 previous low support is still possible after consolidation, and a break below 1.9736 level will...
EURUSD Analysis – Mar 30, 2008
EURUSD is testing the previous high resistance at 1.5902, as long as this resistance holds, the rebound from 1.5342 is treated as correction to the down trend. However, a break of 1.5902 level will signal the resumption...
Introduction to Forex Trading
If you are a beginner at Forex trading then you must know that Forex is art and science, and, you have a really good advantage these days because with just a few things they can learn a...
EUR/USD Marching Toward 1.60?
Yesterday, the greenback continued its freefall back into a tough position against most of its currency rivals. US economic data returned unexpectedly poor and took what had been a moderate bearish trend and let it loose, forcing...
US Durable Goods on Tap
The Greenback continued its bearish trend once again yesterday amidst surprisingly poor economic data. Selling of the dollar could have been forecasted, but was still expected to come much later on this week, if at all. Instead,...
USDCAD Analysis – Mar 26, 2008
Being contained by the previous high resistance at 1.0378, USDCAD pulls back from 1.0307 level. Sideways consolidation is expected before breaking above 1.0378. Key support is now located at 0.9874, a break of this level will signal...
USDCHF Analysis – Mar 26, 2008
No changed in our view, USDCHF formed a cycle bottom at 0.9634 level on daily chart. Further rise to test 1.0352 resistance is still possible in the next several days. Key support is at 0.9634, only break...