Forex currency review
The advancement in information technology has sky rocketed fx trading today. With trillions of dollars being traded on a daily basis, there would be no harm saying that forex has curved a niche for itself as the...
Author: ForexCycle.com
Large Stop-Loss Forex Strategies
Novices need to acquire trading experience in order to be able to select good stop-losses and profit targets for all the positions that they open. These are important activities to master because Forex has such an unpredictable...
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USDCAD Analysis – December 15, 2012
USDCAD’s downward movement from 1.0055 extends to as low as 0.9824. Further decline could be seen after a minor consolidation, and next target would be at 0.9700 area. Resistance is at 0.9900, as long as this level...
USDCHF Analysis – December 15, 2012
USDCHF breaks below 0.9214 support, suggesting that the downtrend from 0.9971 has resumed. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance levels are at 0.9300 and 0.9400, as long...
USDJPY Analysis – December 15, 2012
USDJPY’s upward movement from 77.14 extends to as high as 83.96. Further rise could be expected next week, and next target would be at 85.00 area. Initial support is at 82.40, and the key support is at...
AUDUSD Analysis – December 15, 2012
AUDUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.0149. Key support is located at the lower line of the channel, as long as the channel support holds, the uptrend could...
GBPUSD Analysis – December 15, 2012
GBPUSD continues its upward movement from 1.5827, and the rise extends to as high as 1.6177. Further rise could be expected and next target would be at 1.6300 area. Support levels are at 1.6070 and 1.6000, as...
EURUSD Analysis – December 15, 2012
EURUSD breaks above 1.3171 resistance, suggesting that the uptrend from 1.2042 has resumed. Further rise could be expected next week, and next target would be at 1.3400 area. Support levels are at 1.3000 and 1.2875, only break...
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