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, 29 April 2008 19:50 GMT
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EURUSD broke below the ascending triangle pattern and reached as low as 1.5539. Further fall to 1.5400 area to reach the next cycle bottom on daily chart is still possible in the next several days, and a break below 1.5342 level will signal the... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 25 April 2008 21:46 GMT
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Being contained by the price channel resistance, USDCAD pulled back from 1.0326, and 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... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 25 April 2008 21:44 GMT
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USDCHF breaks above this price channel resistance and up trend resumes. 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... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 25 April 2008 21:42 GMT
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USDJPY breaks above 104.64 and up trend resumes. Further rally to 107.00 area is possible next week. Initial support is at 102.67, as long as this level holds, up trend will continue. Key support is at 100.02, only break of this level will signal... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 25 April 2008 21:40 GMT
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AUDUSD broke above 0.9496 previous high and pulled back from 0.9541. Further fall to test 0.8953 previous low support is still possible, and a break of 0.9205 level will confirm such case. Key resistance is at 0.9541, only rise above this level... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 25 April 2008 21:39 GMT
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GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks and is in consolidation to the down trend. As long as 2.0193 resistance holds, we'd expect down trend to resume and deeper decline to test 1.9337 (Jan 22 low) support could be... |
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Forex Market Analysis |
Written by ForexCycle.com |
Friday, 25 April 2008 21:37 GMT
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EURUSD formed a cycle top at 1.6019 and dropped sharply to as low as 1.5554. Deeper decline is possible to retest 1.5342 long term key support after consolidation, a break of this level will signal the reversal to the long term up trend. Key... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 22 April 2008 20:13 GMT
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USDCAD is in down trend. Further fall to test 0.9709 previous low support is still in favor and a break of 0.9987 level will confirm such case. Key resistance is at 1.0378, only break of this level will signal the resumption of the long term up... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 22 April 2008 20:12 GMT
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USDCHF is forming a sideways consolidation. Deeper decline to test the price channel support could be seen. As long as 0.9870 support holds, we'd expect up trend to resume and further rise towards 1.0500 area to reach the next cycle top on daily... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 22 April 2008 20:11 GMT
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USDJPY might be forming a cycle top at 104.64 on daily chart. Initial support is at the rising price channel and key support is at 100.02, a break of this level will confirm the cycle top and deeper decline to test 95.77 is expected to follow... |
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