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, 27 May 2008 20:10 GMT
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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. Initial support is at 0.9510, and followed by the up trend line from 0.8953 to 0.9291, as long... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 27 May 2008 20:09 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. Key support is now located at 1.9363, only break of this level will signal... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 27 May 2008 20:07 GMT
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EURUSD is moving to the next cycle top on daily chart. Further rise to test 1.6019 previous high resistance is still possible after consolidation. As long as 1.6019 resistance holds, rebound from 1.5284 is treated as correction to the long term... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 23 May 2008 20:03 GMT
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USDCAD is forming a sideways consolidation in a range between 0.9709 (Feb 28 low) and 1.0378 (Jan 22 high). Further pullback is expected to retest 0.9709 level, and break below this level to reach the next cycle bottom on daily chart is possible.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 23 May 2008 20:02 GMT
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USDCHF pulled back from 1.0623 and reached as low as 1.0214. Deeper decline to test 0.9870 level is expected in the next few days. Key resistance is now at 1.0623, only rise above this level will signal resumption of the up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 23 May 2008 20:01 GMT
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Bing contained by 102.58 support, USDJPY rebounds from 102.73 level. Sideways consolidation is expected in a range between 102.58 and 105.70 next week, and break above 105.70 previous high to reach the next cycle top on daily chart is still in... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 23 May 2008 20:00 GMT
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AUDUSD's up trend remains and the pullback from 0.9653 is treated as consolidation to the up trend. Further rise to 1.0000 area is expected after consolidation. Initial support is at 0.9510, and followed by the up trend line from 0.8953 to 0.9291... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 23 May 2008 19:59 GMT
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GBPUSD is forming a sideways consolidation in a range between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029 resistance. Key support is now located at 1.9363, only break of this level will signal resumption of the down... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 23 May 2008 19:56 GMT
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EURUSD's rebound from 1.5284 extends to as high as 1.5813. Further rise to test 1.6019 previous high resistance is still possible next week. However, the rise from 1.5284 would possibly be correction to the long term down trend. As long as 1.6019... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 20 May 2008 19:44 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). Pullback to retest 0.9709 support is expected in the next few days. Key resistance is now located at 1.0326, only... |
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