Providing long term forex market analysis and trading signals. Timing the forex market.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 01 July 2008 20:52 GMT
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AUDUSD broke above 0.9653 resistance and reached 0.9667 only. Key support is located at 0.9493, a break below this level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline could be seen to retest 0.9275... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 01 July 2008 20:51 GMT
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GBPUSD is in up trend. Further rise towards 2.0400 to to reach next cycle top on daily chart is now in favor. Initial support is at 1.9700, as long as this support holds, we'd expect up trend to continue.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 01 July 2008 20:50 GMT
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EURUSD is testing the previous high resistance at 1.5843, above this level we may see further rally to 1.5950. Long term resistance is located at 1.6019, rise above this level will indicate that sideways consolidation in a range between 1.5284 and... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 27 June 2008 20:44 GMT
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USDCAD formed a cycle top at 1.0322 level on daily chart. Sideways consolidation between 1.0000 and 1.0322 would could be seen in a couple of weeks. However, a break above 1.0322 level will indicate that long term up trend has resumed and further... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 27 June 2008 20:42 GMT
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USDCHF broke below the up trend line from 0.9634 to 1.0147. Deeper decline is possible to 1.0000 area in a couple of weeks. Key resistance is at 1.0539, only break of this level will signal resumption of long term up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 27 June 2008 20:41 GMT
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USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to 104.00 area could be seen next week. Key resistance is located at 108.58, only rise above this level will signal resumption of long... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 27 June 2008 20:40 GMT
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AUDUSD's up trend remains. Further rise above 0.9653 resistance to reach next cycle top on daily chart is still in favor. Initial support is at 0.9450 and key support is at 0.9327, only break down below this level will indicate lengthier... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 27 June 2008 20:38 GMT
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GBPUSD broke above 1.9852 resistance and reached as high as 1.9952 level. Further rise to 2.0200 area could be seen in a couple of weeks. Initial support is at 1.9650, only break down below this level will signal reversal to up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 27 June 2008 20:36 GMT
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EURUSD formed a cycle bottom at 1.5302 on daily chart. Further rise to test 1.6019 (Apr 22 high) could be seen in a couple of weeks. A break of 1.6019 level will indicate that the sideways consolidation in range between 1.5284 and 1.6019 has... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 24 June 2008 19:21 GMT
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USDCAD formed a cycle top at 1.0322 level on daily chart. Range trading between 1.0000 and 1.0322 would more likely be seen before breaking above 1.0322. However, a break above 1.0322 level will indicate that long term up trend has resumed and... |
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