USDCHF Analysis – October 29, 2011
USDCHF is in downtrend from 0.9314, and the fall extended to as low as 0.8569. Further fall could be seen next week, and next target would be at 0.8300 area. Resistance is at the downtrend line on...
Author: ForexCycle.com
USDJPY Analysis – October 29, 2011
USDJPY broke below 75.96 support, and reached as low as 75.65, suggesting that the downtrend from 85.51 has resumed. Key resistance is at 77.85, as long as this level holds, downtrend could be expected to continue, and...
AUDUSD Analysis – October 29, 2011
AUDUSD’s rise extended to as high as 1.0731. Further rise is still possible after a minor consolidation, and next target would be at 1.0900-1.1000 area. Support is now at 1.0300, only break below this level could indicate...
GBPUSD Analysis – October 29, 2011
GBPUSD’s upward movement from 1.5272 extended to as high as 1.6150. Further rise is still possible after a minor consolidation, and next target would be at 1.6400-1.6500 area. Support is now at 1.6000, as long as this...
EURUSD Analysis – October 29, 2011
EURUSD’s rise from 1.3146 extended to as high as 1.4246. Further rise is still possible next week and next target would be at 1.4500 area. Support is at 1.3800, only break below this level could indicate that...
Clarifying the 5% Money Management Rule
Money management is a crucial aspect of successful trading. Among its key components, the 5% rule stands out as an effective strategy to mitigate risk. This rule emphasizes the importance of never risking more than 5% of...
USDCAD Analysis – October 22, 2011
USDCAD remains in downtrend from 1.0656, and the fall extended to 1.0043. Further fall could be seen next week, and next target would be at 0.9800-0.9900 area. Resistance is at 1.0270, as long as this level holds,...
USDCHF Analysis – October 22, 2011
USDCHF broke below the uptrend line on daily chart, suggesting that the uptrend from 0.7067 had completed at 0.9314 already. Further fall could be seen in a couple of week, and next target would be at 0.8500...
USDJPY Analysis – October 22, 2011
USDJPY broke below 75.96 previous low and reached 75.81 level. Further fall is still possible next week, and next target would be at 74.00-75.00 area. Resistance is at 76.50, a break above this level will indicate that...
AUDUSD Analysis – October 22, 2011
AUDUSD’s upwards movement from 0.9390 extended to as high as 1.0376. Further rise is still possible next week, and next target would be at 1.0700. Support is at 1.0100, only break below this level could indicate that...