GBPUSD Analysis – Feb 20, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rebound to 1.9900 area to reach the next cycle top on daily chart will more likely be seen before breaking below 1.9337 level. Down...
Author: ForexCycle.com
EURUSD Analysis – Feb 20, 2008
EURUSD formed a cycle bottom at 1.4438 and is now in up trend. Further rally to test previous high resistance at 1.4966 is still possible. Near term support is at 1.4600 followed by the up trend line...
USDCAD Analysis – Feb 17, 2008
USDCAD rebounded from the edge of the price channel. Further rise to 1.0750 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0126 level is needed to confirm...
USDCHF Analysis – Feb 17, 2008
USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is at 1.0860 level, a break of this level will confirm the cycle top, and further fall to test the previous low support...
USDJPY Analysis – Feb 17, 2008
USDJPY formed a cycle bottom at 104.96 level on daily chart, and the rise from 104.96 extended to as high as 108.59. Further rebound towards 112.50 area to reach the next cycle top on daily chart is...
AUDUSD Analysis – Feb 17, 2008
AUDUSD is testing resistance at 0.9100, a break of this level will signal the resumption of the up trend, and further rally towards 0.9398 previous high is expected to follow. Near term support is at 0.8920 and...
GBPUSD Analysis – Feb 17, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rise towards 1.9900 area to reach the next cycle top on daily chart is still in favor. Key support is at 1.9337, breakdown of...
EURUSD Analysis – Feb 17, 2008
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rally to test 1.4966 long term key resistance is still possible, a break of this level will signal...
Determine Market Trends with MACD
MACD Divergence or Moving Average Convergence/Divergence is a useful indicator for spotting major changes in market trend, indicate trend direction and for giving hints of a possible market reversal. It is one of the strongest signals generated...
Relative Strength Index – Your Best Oscillator for Market
Relative Strength Index (RSI), one of the most popular financial technical analysis oscillators is best adapted to work in markets, which is range-bound. Developed in 1978 by J.Welles Wilder its popularity is mainly due to its easy...