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, 15 April 2008 19:18 GMT
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USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. Further rise to 1.0500 area to reach the next cycle top on daily chart is still in favor before breaking below 0.9870 level. Key support is located at 0.9634, only... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 15 April 2008 19:17 GMT
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No changed in our view, USDJPY is in up trend, and the fall from 102.94 is treated as consolidation to the up trend. As long as the key support at 98.55 holds, we'd expect up trend to resume and further rally to 105.00 area to reach the next cycle... |
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 15 April 2008 19:15 GMT
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AUDUSD may be forming a cycle top at 0.9346 on daily chart, but a break of the key support at 0.9031 is needed to confirm the cycle top. Key resistance is at 0.9496, only rise above this level will signal the resumption of the long term up trend.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 15 April 2008 19:14 GMT
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GBPUSD is in down trend. Further fall to retest 1.9337 previous low support is still in favor. Near term resistance is now at 1.9894, as long as this resistance holds, we'd expected down trend to continue.
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Forex Market Analysis |
Written by ForexCycle.com |
Tuesday, 15 April 2008 19:13 GMT
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EURUSD breaks above 1.5902 previous high resistance and its up trend resumes. Further rise to 1.6200 area to reach the next cycle top on daily chart is now in favor. Near term support is now at the up trend line from 1.5342 to 1.5510 and followed... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 12 April 2008 06:44 GMT
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Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. As long as 1.0326 resistance holds, we'd expect down trend to resume and deeper decline to retest 0.9709 previous low support is still in favor. Key resistance... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 12 April 2008 06:40 GMT
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USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. As long as 0.9870 support holds, we'd expected up trend to resume, and further rise to 1.0500 area to reach the next cycle top on daily chart is still in favor. Key... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 12 April 2008 06:37 GMT
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USDJPY is in up trend. The fall from 102.94 is treated as consolidation to the up trend. Further rally to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation. Only break below 98.55 key support will signal... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 12 April 2008 06:36 GMT
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AUDUSD is forming a sideways consolidation in a range between 0.8953 and 0.9496. Further rebound to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long as 0.9496 previous high resistance... |
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Forex Market Analysis |
Written by ForexCycle.com |
Saturday, 12 April 2008 06:35 GMT
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GBPUSD is in down trend. Deeper decline to test 1.9337 is still possible in the next several days. Near term resistance is at 1.9841 and key resistance is at 2.0049. As long as 2.0049 resistance holds, we'd expect down trend to continue.
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