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, 03 June 2008 19:03 GMT
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EURUSD is in down trend, and the fall from 1.5818 extends to as low as 1.5410. Deeper decline could be seen to test 1.5284 previous low support in a couple of days, and break below this level to reach the next cycle bottom on daily chart is... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 30 May 2008 19:47 GMT
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No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Initial bias is on down side and deeper decline is expected to retest 0.9709 level, and break below this level to... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 30 May 2008 19:46 GMT
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USDCHF rebounded from 1.0214 and reached as high as 1.0526. As long as 1.0623 resistance holds, we'd expect down trend to resume and pullback to test 0.9870 support is still possible. Initial support is located at 1.0214, a break of this level... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 30 May 2008 19:45 GMT
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As expected, USDJPY broke above 105.70 previous high resistance. Further rise to 106.60 area to reach the next cycle top on daily chart is expected next week, and the next cycle top is nearing. Near term support is at the rising price channel, and... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 30 May 2008 19:43 GMT
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No changed in our view, AUDUSD is in up trend. Pullback from 0.9653 is treated as consolidation to the up trend. Further rally to 1.0000 area is expected after consolidation and a break of 0.9653 level will signal resumption of the up trend... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 30 May 2008 19:42 GMT
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GBPUSD is in up trend. Pullback from 1.9852 is treated as consolidation to the up trend. Further rise to test 2.0029 resistance is still possible after consolidation. Near term support is at 1.9672, fall below this level will indicate lengthier... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 30 May 2008 19:41 GMT
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EURUSD dropped sharply from 1.5818 and formed a cycle top on daily chart. The fall from 1.5818 could possibly be resumption of the long term down trend. Further pullback to test 1.5284 previous low support is expected after consolidation. Initial... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 27 May 2008 20:13 GMT
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No changed in our view, USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Deeper decline is expected to retest 0.9709 level, and break below this level to reach the next cycle bottom on... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 27 May 2008 20:12 GMT
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USDCHF dropped down from 1.0623 and reached as low as 1.0214. Deeper decline to 1.000 area to reach the next cycle bottom on daily chart is expected. Key support is located at 0.9870, as long as this support holds, we'd expect up trend to resume.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 27 May 2008 20:11 GMT
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USDJPY formed a trading range between 102.58 and 105.70 for several weeks. Break above 105.70 resistance would more likely be seen in a couple of days and further rise to 106.60 area to reach the next cycle top on daily chart is expected to follow.
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