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, 03 January 2009 10:21 GMT
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USDCAD consolidated in a range between 1.1818 and 1.2394 for two weeks. Deeper decline towards 1.1600 level would more likely be seen next week, and a break down below 1.1818 will confirm such case.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 03 January 2009 10:20 GMT
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USDCHF breaks below 1.0410 support and reaches 1.0366 level only. Further rise could be seen to 1.1000 next week. However, the price action from 1.0410 is more likely consolidation to the long term downtrend from 1.2296, and pullback is possible... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 03 January 2009 10:20 GMT
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USDJPY breaks above this falling price channel on daily chart. Further rise is expected to 95.00 zone in next several days. Initial support is located at 89.72, a break below this level will indicate that the rebound from 87.13 has terminated.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 03 January 2009 10:19 GMT
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AUDUSD is testing 0.7140 resistance, a break above this level will indicate that the uptrend from 0.6008 has resumed, and then further rally could be seen to 0.7500 zone. Near term support is at 0.6755, below this level will signal deeper decline... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 03 January 2009 10:18 GMT
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GBPUSD's downtrend extends to as low as 1.4350 level. Further fall is still possible to 1.4000 zone next week. Initial resistance is now at 1.4850 and key resistance is located at 1.5722, only rise above 1.5722 level will indicate that the down... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 03 January 2009 10:17 GMT
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EURUSD is testing the support of 1.3825 level. A break down below this level will signal deeper decline towards 1.3500. However, as long as 1.3825 support holds, we'd expect sideways consolidation to continue between 1.3825 and 1.4719, and rebound... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 30 December 2008 10:34 GMT
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GBPUSD breaks below 1.4466 previous low support, suggesting that the long term down trend has resumed. Deeper decline could be seen to 1.4000 zone in next several days. Long term key resistance is now located at 1.5722, only rise above this level... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 December 2008 10:46 GMT
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USDCAD is forming a sideways consolidation in a range between 1.1464 and 1.3015. Deeper decline is still possible to retest 1.1464 previous low support in next several days, and rebound would more likely be seen before breaking below this level.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 December 2008 10:45 GMT
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USDCHF formed a cycle bottom at 1.0410 level on daily chart. Consolidation in a range between 1.0410 and 1.1130 could be expected in a couple of weeks, and one more rise above 1.1130 would more likely be seen by the end of the consolidation.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 27 December 2008 10:44 GMT
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USDJPY is forming a cycle bottom at 87.13 on daily chart. Further rally is still possible to 95.00 zone in a couple of weeks. Initial support is located at 87.13, only fall below this level will signal deeper decline towards 85.00 zone.
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