GBP/USD 1.6387 – 20 October 2009

by ForexCycle.com | October 20, 2009 8:59 am
GBP/USD Open 1.6397 High 1.6446 Low 1.6251 Close 1.6417 On Monday Pound/Dollar descended down to the 1.6251 bottom, from where the cable started climbing up to 1.6436, closing the day at 1.6417. This morning ascending continued to...

What is the direction of highest probability today? (20/10/09)

by fxinstructor.com | October 20, 2009 6:42 am
by Johan Kriek (jkriek@fxinstructor.com) Key events: – US inflation figures in the form op PPI at 12:30GMT Key notes: – Price is consolidating across the board. If you are patient enough to wait for those breakouts you...

Forexpros.com Daily Analysis – 19/10/2009

by forexpros.com | October 19, 2009 10:49 am
Forexpros Daily Analysis Oct 19, 2009 — Traders await the Bank of Canada’s (BOC) decision on short term interest rate which will be announced tomorrow (Tuesday, 20/10). The decision on where to set interest rates depends mostly...

Bernanke’s Speech to Dominate the Market Today

by ForexCycle.com | October 19, 2009 8:32 am
Following a week that predominately delivered remarkable record highs for gold, in addition to new lows for the Dollar; the main question is whether this trend will extend. Perhaps not and we’ll witness a change in trends...

USDCAD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:04 am
USDCAD remains in downtrend and the rebound from 1.0206 is treated as consolidation of downtrend. Range trading between 1.0206 and 1.0500 is expected. Another fall towards 1.0000 is still possible after consolidation and a breakdown below 1.0206...

USDCHF Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:03 am
USDCHF stays in the falling price channel and remains in downtrend. As long as the channel resistance holds, we’d expect downtrend to continue and deeper decline towards 1.0000 is possible in a couple of weeks. Critical resistance...

USDJPY Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:02 am
Being contained by 87.12 (Jan 21 low) long term critical support, USDJPY rebounded from 88.01 level and broke above the falling trend line from 97.78 to 92.53, suggesting that a cycle bottom has been formed on daily...

AUDUSD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:01 am
AUDUSD has reached the upper border of the rising price channel on daily chart. A minor consolidation is expected in next several days and pullback towards the lower border of the price channel would more likely be...

GBPUSD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 4:00 am
GBPUSD broke above 1.6125 key resistance and reached as high as 1.6399 level, suggesting that a cycle bottom has been formed at 1.5708 level on daily chart. Further rise to test the resistance of the falling trend...

EURUSD Analysis – October 17, 2009

by ForexCycle.com | October 17, 2009 3:58 am
EURUSD broke above 1.4843 previous high and reached as high as 1.4966 level, suggesting that the uptrend from 1.3748 (June 16 low) has resumed. Another rise towards 1.5100-1.5200 area is expected in a couple of weeks. Support...