GBPUSD Analysis – Mar 15, 2008
GBPUSD’s up trend remains and the rise from 1.9361 extends to as high as 2.0391. As long as the rising price channel support holds, rise to 2.0500 to reach the next cycle top on daily chart is...
Author: ForexCycle.com
EURUSD Analysis – Mar 15, 2008
EURUSD’s up trend remains and rise sharply to as high as 1.5687 level. As long as the up trend line from 1.4778 to 1.5281 support holds, rise to 1.5800 area to reach the next cycle top on...
The Basics of Swing Trading
Swing trading occupies a unique position in the world of trading, blending elements of trend following and day trading. It involves holding stocks for a short period and capitalizing on intra-week or intra-month oscillations. Successful swing traders...
Flag Patterns in the Forex Market
When talking about flag patterns, it probably will remind many traders of wedges and triangles, actually there’s no difference among them – they are short-term continuation patterns. For convenience, we’ll call all these patterns as flag in...
USDCAD Analysis – Mar 12, 2008
No changed in our view, USDCAD is in consolidation to the down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still in favor. Down trend will resume after...
USDCHF Analysis – Mar 12, 2008
USDCHF is forming a cycle bottom and the down trend from 1.1105 might has completed at 1.0132 level, key resistance is at 1.0500, a break of this level will confirm the cycle bottom and rebound to 1.0700...
USDJPY Analysis – Mar 12, 2008
USDJPY is forming a cycle bottom at 101.41 level, key resistance is at 104.17, a break of this level will confirm the cycle bottom and consolidation to the down trend could be seen in the next two...
AUDUSD Analysis – Mar 12, 2008
AUDUSD broke below the price channel support and formed a cycle top at 0.9496 level on daily chart. The pair is now in down trend. Pullback to test 0.8512 previous low support is expected. Near term resistance...
GBPUSD Analysis – Mar 12, 2008
GBPUSD is moving to the next cycle top on daily chart, and the next cycle top is nearing. Near term support is at the up trend line from 1.9361 to 1.9720, and key support is at 1.9720,...
EURUSD Analysis – Mar 12, 2008
EURUSD is moving to the next cycle top on daily chart, further rally to 1.5600 area is still possible. However, the pullback from 1.5493 suggests that next cycle top is nearing. Key support is at 1.5145, a...