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 |
Friday, 11 July 2008 20:12 GMT
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USDCHF is testing 1.0111 previous low support. A break of this level will signal further decline to 1.0000 area. Initial resistance is at 1.0351, as long as this resistance holds, the pair stays in down trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 11 July 2008 20:11 GMT
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USDJPY moved without trend and formed a sideways consolidation in a range between 104.98 and 108.58. As long as 104.98 support holds, we'd expect up trend to resume and further rise to 112.00 area is possible after consolidation. Only fall below... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 11 July 2008 20:08 GMT
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AUDUSD broke above 0.9667 previous high resistance and recorded a new high at 0.9716 level. Further rise to 0.9800 is still possible next week. Initial support is at the up trend line from 0.9327 to 0.9475, break below the trend line support will... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 11 July 2008 20:07 GMT
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GBPUSD is forming a cycle bottom at 1.9647 on daily chart. Further rise to 2.0200 to reach next cycle top is still possible next week, and a break of 2.0006 previous high is needed to confirm such case. Initial support is at 1.9647, only fall... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 11 July 2008 20:06 GMT
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EURUSD broke above 1.5908 previous high resistance and reached 1.5945 level. Further rise to test 1.6019 (Apr 22 high) is still possible next week, a break above this level will take price to 1.6300 area. However, as long as 1.6019 resistance... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 08 July 2008 20:09 GMT
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USDCAD traded in range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long term up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 08 July 2008 20:08 GMT
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USDCHF formed a cycle bottom at 1.0111 on daily chart. Further rise to test 1.0539 previous high resistance could be seen in next few days. Rise above this level will signal resumption of long term up trend, and the next target would be at 1.1100.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 08 July 2008 20:07 GMT
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USDJPY formed a cycle bottom at 104.98 on daily chart. Further rise is expected to test 108.58 previous high resistance, a break above this level will confirm the resumption of uptrend, and next target would be at 111.00. Initial support is at the... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 08 July 2008 20:05 GMT
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AUDUSD is forming a cycle top at 0.9667 on daily chart. Key support is at 0.9493, a break below this level will confirm the cycle top. As long as the pair stays above 0.9493, we'd expect uptrend to resume, and a break of 0.9667 will confirm the... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 08 July 2008 20:03 GMT
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GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is still possible before breaking below 1.9363 level.
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Page 169 of 201 |
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