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, 02 May 2008 22:52 GMT
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USDCHF's up trend extends to as high as 1.0606. Further rise to 1.0800 to reach the next cycle top on daily chart is still possible next week. Initial support is at 1.0300, only break of this level will signal reversal to the up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 02 May 2008 22:50 GMT
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USDJPY's up trend extends to as high as 105.70. Further rise to 107.00 area is still possible. Near term support is at the rising price channel, as long as the channel support holds, up trend will continue. Key support is now located at 102.67... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 02 May 2008 22:49 GMT
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AUDUSD formed a cycle top at 0.9541 on daily chart. Deeper decline to retest 0.8953 previous low support is expected to follow. Key resistance is at 0.9541, only rise above this level will signal resumption of the long term up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 02 May 2008 22:48 GMT
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No changed in our view, GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 2.0100 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as 2.0193... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 02 May 2008 22:45 GMT
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EURUSD is testing 1.5342 key support, consolidation will more likely be seen before breaking below this level, and rebound to 1.5650 area is expected. Key resistance is located at 1.6019, only break of this level will signal resumption of the long... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 29 April 2008 19:57 GMT
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USDCAD formed a sideways consolidation in a range between 0.9987 and 1.0326. The fall from 1.0326 could possibly be resumption of the down trend. Deeper decline to test 0.9709 previous low support is still in favor and a break of 0.9987 will... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 29 April 2008 19:56 GMT
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No changed in our view, USDCHF is in up trend. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870, only fall below this level could signal the resumption of the... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 29 April 2008 19:54 GMT
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USDJPY is in consolidation to the up trend. As long as 102.67 holds, we'd expect up trend to resume and further rally to 107.00 area is still in favor after consolidation. Key support is at 100.02, only break of this level will signal the... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 29 April 2008 19:53 GMT
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The up trend line support is broken below, AUDUSD is forming a cycle top at 0.9541 on daily chart. Further fall to test 0.9205 key support is still possible in a couple of days, a break below this level will confirm the cycle top, and then, deeper... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 29 April 2008 19:52 GMT
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GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks. Rebound to 1.9950 area to reach the next cycle top on daily chart would more likely be seen before breaking below 1.9599 previous low. As long as 2.0193 resistance holds, we'd... |
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