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 |
Tuesday, 20 May 2008 19:43 GMT
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As expected, USDCHF broke below the key support at 1.0388 and formed a cycle top at 1.0623 on daily chart. Deeper decline to retest 0.9870 is expected in the next few days. Key resistance is now at 1.0623, only rise above this level will signal... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 20 May 2008 19:42 GMT
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USDJPY remains in range between 102.58 and 105.70, and is forming a sideways consolidation to the up trend. As long as 102.58 key support holds, we'd expected up trend to resume and further rise to 108.00 to reach the next cycle top on daily chart... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 20 May 2008 19:41 GMT
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AUDUSD is in up trend. Further rise to 1.0000 area is expected after consolidation. Initial support is at the up trend line from 0.8953 to 0.9291, and followed by 0.9275, as long as 0.9275 support holds, up trend will continue.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 20 May 2008 19:40 GMT
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GBPUSD broke above 1.9633 key resistance and formed a cycle bottom at 1.9363 on daily chart. The pair is back to range trading between 1.9337 (Jan 22 low) and 2.0391. Further rally is expected to test 2.0029 resistance. Key support is now located... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 20 May 2008 19:38 GMT
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EURUSD formed a cycle bottom at 1.5284 on daily chart. Further rally may be expected in the next several days, and the next cycle top would be at 1.5800 area. However, the rise from 1.5284 would possibly be correction to the long term down trend... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 May 2008 04:21 GMT
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USDCAD formed 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 break of this level will... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 May 2008 04:19 GMT
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No changed in our view, USDCHF is forming a cycle top at 1.0623 on daily chart. Key support is now located at 1.0388, a break below this level will confirm the cycle top and pullback to retest 0.9870 support is expected to follow. Initial... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 May 2008 04:18 GMT
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USDJPY is forming a sideways consolidation in range between 102.58 and 105.70. Near term support is at the price channel and followed by 102.58. As long as 102.58 support holds, we'd expect up trend to resume and further rise to 108.00 area to... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 May 2008 04:16 GMT
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AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support holds, up trend will continue.
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 17 May 2008 04:15 GMT
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Being contained by 1.9337 (Jan 22 low) support, GBPUSD rebounded from 1.9363 level. However, the rise from 1.9363 is treated as consolidation to the down trend. Deeper decline to 1.9200 area is expected to follow after consolidation. Initial... |
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