Long Term Forex Market Analysis
Providing long term forex market analysis and trading signals. Timing the forex market.
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 06 March 2010 04:37 GMT
|
|
USDCAD is facing the previous low support at 1.0224, a breakdown below this level will indicate that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed, then next target would be at 1.000 area. On the other side, a cycle bottom could be formed above 1.0224, a break above 1.0400 level could take price back to range trading between 1.0206 and 1.0852.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 06 March 2010 04:36 GMT
|
|
USDCHF formed a cycle top at 1.0898 level on daily chart. Range trading between 1.0608 and 1.0898 is expected. As long as 1.0608 support holds, one more rise to 1.1000 is still possible. However, a break below 1.0608 will indicate that the uptrend from 1.0132 has completed at 1.0898 already, then deeper decline towards to rising trend line from 0.9917 to 1.0132 could be seen.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 06 March 2010 04:35 GMT
|
|
USDJPY remains in downtrend from 93.75. Another fall towards 84.82 previous low is still possible. Resistance is at the falling trend line from 93.75 to 92.14, as long as the trend line resistance holds, downtrend could be expected to continue.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 06 March 2010 04:34 GMT
|
|
AUDUSD broke above 0.9070 previous high, suggesting that another rally to 0.9200-0.9250 is underway. Support is now at the rising trend line from 0.8577 to 0.8801, key support is at 0.8801, only fall below this level could take price back to re-test 0.8577 level.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 06 March 2010 04:33 GMT
|
|
GBPUSD stays below a falling trend line on daily chart and remains in downtrend from 1.6456. As long as the trend line resistance holds, downtrend could be expected to continue and deeper decline to 1.4600 area is possible. However, next cycle bottom on daily chart is nearing, a clear break above the trend line resistance could indicate that a cycle bottom has been formed and the fall from 1.6456 has completed.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 06 March 2010 04:30 GMT
|
|
EURUSD might be forming a cycle bottom at 1.3435 level on daily chart. Range trading between 1.3435 and 1.3838 is expected next week. Resistance is at the falling trend line from 1.5144 to 1.4579, key resistance is at 1.3838. As long as 1.3838 resistance holds, one more fall to 1.3300-1.3400 area is possible. However, above 1.3838 could indicate that the fall from 1.5144 has completed at 1.3435 already, then the following uptrend could bring price to 1.4500 area.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 February 2010 04:08 GMT
|
|
USDCAD continues its sideways movement in a range between 1.0206 and 1.0852. Lengthier consolidation in the trading range is still possible in a couple of weeks and one more fall to 1.0250-1.0350 area is expected next week.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 February 2010 04:07 GMT
|
|
USDCHF remains in uptrend from 1.0132 and the pullback from 1.0898 is more likely consolidation of uptrend. Range trading between 1.0608 and 1.0898 is expected next week. As long as 1.0608 support holds, one more rise towards 1.1000 is still possible. However, below 1.0608 key support will indicate that a cycle top has been formed at 1.0898 on daily chart and the rise from 1.0132 has completed.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 February 2010 04:06 GMT
|
|
USDJPY dropped sharply from 92.14, suggesting that a cycle top has been formed on daily chart. Another fall towards 84.82 previous low is now in favor and a breakdown below 88.57 support will confirm such case.
|
|
Read more...
|
|
Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 February 2010 04:05 GMT
|
|
AUDUSD might be forming a cycle top at 0.9070 level on daily chart. Pullback to 0.8700-0.8750 area would more likely be seen in a couple of week. As long as 0.8577 support holds, we'd expected uptrend to resume after correction and one more rise to 0.9300 is possible. Only fall below 0.8577 could trigger another fall to 0.8000 area.
|
|
Read more...
|
|
|
|
|
Page 1 of 101 |
Recommended Forex Trading Platforms
 |
A 90 day demo account helps you build up your trading confidence with ample time and capital before entering a live environment. From US$5,000 up to US$ 5,000,000 to trade in virtual money, get direct access to the world's FX markets at no risk or obligation with our powerful, user-friendly online trading platform - the MIG Trading Station. |
|
Subscribe to Newsletter
To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.
Finance Sites
- Compare Secured Loans
Quickly & easily compare over 150 secured loans and 400 personal loans at the Moneysupermarket.com
- Compare Mortgages
Compare thousands of UK mortgage and remortgage rates and deals.
- Car Loans - Netcars provide cheap car loans and finance to UK customers. We also supply the car.
|
