Long Term Forex Market Analysis
Providing long term forex market analysis and trading signals. Timing the forex market.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 January 2009 03:13 GMT
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USDJPY breaks below 89.72 key support, suggesting that a cycle top has been formed at 94.61 on daily chart. Deeper decline is expected to test 87.13 previous low support. If this level gives way, the next target would be at 84.00 zone.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 January 2009 03:12 GMT
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AUDUSD drops sharply to as low as 0.6537 level. Deeper decline is still possible to test the support of the lower border of the price channel, now at 0.6300. Initial resistance is at 0.6810, rise above this level will signal further rally to... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 January 2009 03:11 GMT
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GBPUSD consolidated in a range between 1.4350 and 1.5722 for several weeks. Rebound to 1.6500 zone would more likely be seen before breaking below 1.4350 level. Key resistance is now located at 1.5372, a break above this level will indicate that... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 January 2009 03:10 GMT
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EURUSD's downtrend extends further to as low as 1.3026 level. Deeper decline to 1.2800 to reach the next cycle bottom on daily chart is still possible next week, and the next cycle bottom is nearing. Initial resistance is at 1.3425, as long as... |
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Forex Market Analysis |
Written by ForexCycle.com |
Wednesday, 14 January 2009 20:25 GMT
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USDCAD breaks above 1.2394 resistance, suggesting that a short term uptrend is underway. Further rise is expected to 1.2700 zone, and sideways consolidation in a range between 1.1761 and 1.3015 is expected in next several weeks.
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Forex Market Analysis |
Written by ForexCycle.com |
Wednesday, 14 January 2009 20:24 GMT
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AUDUSD breaks below 0.6755 key support and reaches as low as 0.6560 level. Deeper decline is now in favor, target would be at the bottom border of the price channel on daily chart, now at 1.6285 level. Initial resistance is located at 0.6810, rise... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 10 January 2009 11:56 GMT
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USDCAD remains in range trading between 1.1464 and 1.3015. Further pullback could be seen to 1.1600 level next week. Initial resistance is at 1.2070 and followed by 1.2394, and near term support is at 1.1464 level.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 10 January 2009 11:54 GMT
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USDCHF might be forming a cycle top at 1.1277 on daily chart. Key support is now located at 1.0864, a break down below this level will confirm the cycle top, and then the following downtrend will bring price back to retest 1.0366 level. Only rise... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 10 January 2009 11:53 GMT
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USDJPY is forming a cycle top at 94.61 level on daily chart. Key support is located at 89.72, a break below this level will confirm the cycle top, and then the following downtrend will take price back to retest 87.13 previous low support.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 10 January 2009 11:51 GMT
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AUDUSD breaks above 0.7140 resistance and reaches 0.7267 level only. Pullback to test 0.6755 support is possible next week. This level would more likely be held, and one more rise towards 0.7500 could be expected. Only fall below 0.6755 level will... |
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Page 142 of 201 |
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