Trading Point
Trading Point of Financial Instruments is a Cyprus based online forex broker licensed by the CySec and authorized by the FSA UK and the BaFin Germany. The broker complies with MiFID standards and is licensed to operate...
Author: ForexCycle.com
USDCAD Analysis – June 4, 2011
USDCAD’s rise from 0.9444 extended to as high as 0.9851. Further rally is expected next week, and next target would be at 1.0000 area. Support is at the uptrend line on daily chart, only a clear break...
USDCHF Analysis – June 4, 2011
USDCHF continued its downward movement from 0.9774, and the fall extended to as low as 0.8330. Resistance is at the downtrend line from 0.9774 to 0.9339, as long as the trend line resistance holds, downtrend could be...
USDJPY Analysis – June 4, 2011
USDJPY had formed a cycle top at 82.22 on daily chart. Further decline to test 79.58 support would likely be seen next week, a breakdown below this level will confirm that the downtrend from 85.51 has resumed,...
AUDUSD Analysis – June 4, 2011
AUDUSD’s rise from 1.0440 extended to as high as 1.0773. As long as 1.1011 key resistance holds, the rise is treated as consolidation of downtrend from 1.1011, and another fall towards 1.0250 is still possible after consolidation.
GBPUSD Analysis – June 4, 2011
GBPUSD had formed a cycle bottom at 1.6059 on daily chart. Further rise towards 1.6745 previous high could be seen next week, a break above this level will indicate that the uptrend from 1.5344 (Dec 28, 2010...
EURUSD Analysis – June 4, 2011
EURUSD’s rise from 1.3969 extended to as high as 1.4642. As long as 1.4939 key resistance holds, the rise is treated as correction of downtrend from 1.4939, and another fall towards 1.3500 is still possible. However, a...
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USDCAD Analysis – May 28, 2011
USDCAD broke above the downtrend line from 1.0285 to 0.9973, suggesting that the fall from 1.0672 had completed at 0.9444 already. Further rally could be seen in a couple of weeks, and next target would be at...
USDCHF Analysis – May 28, 2011
After consolidation, USDCHF continued its downward movement from 1.1730, and reached as low as 0.8465. Further fall could be expected in a couple of weeks, and next target would be at 0.8300 area. Key resistance is now...