GBPUSD Analysis, Jan 5, 2008
GBPUSD’s down trend remains, and the fall from 2.1161 extended to as low as 1.9673. Further fall towards 1.9300 area is still possible. Near term resistance is at the down trend line from 2.1161 to 2.0830, and...
Author: ForexCycle.com
EURUSD Analysis, Jan 5, 2008
EURUSD broke above 1.4750 resistance and reached as high as 1.4823. Further rise above 1.4966 previous high is expected next week. Near term support is at 1.4550, as long as this support holds, we’d expect up trend...
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Fibonacci Sequence
Fibonacci sequence – 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Interpretation of the Fibonacci numbers in forex technical analysis anticipates changes in trends as prices approach lines created by the Fibonacci...
Chart Patterns
There are many chart patterns in the forex market: Trend, Support, Resistance, Flag, Pennant, Wedge, Gap, Head and shoulders, Rectangle, Ascending triangle, Descending triangle, Symmetrical triangle, Breakout, Double top, Triple top, Double bottom, Triple bottom, Price channel,...
RSI (Relative Strength Index)
The RSI is a price-following oscillator that ranges between 0 and 100. A popular method of analyzing the RSI is to look for a divergence in which the currency price is making a new high, but the...
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Most of the phenomena we encounter in our daily lives occur in cycles. This is the case with seasons, the rising and setting of the sun, the ebb and flow, day and night, the earth revolving around...
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