USDJPY Analysis – November 6, 2010
USDJPY stays below a falling trend line from 94.98 to 85.92, and moved sideways in a trading range between 80.30 and 81.98 for several weeks.
Author: ForexCycle.com
AUDUSD Analysis – November 6, 2010
AUDUSD broke above 0.9998 resistance and reached as high as 1.0182 level, suggesting that the uptrend from 0.8066 has resumed.
GBPUSD Analysis – November 6, 2010
GBPUSD continues its upward movement from 1.4230 and the rise extended to as high as 1.6298 level. Further rise is still in favor next week and next target would be at 1.6400-1.6500. Support is at 1.6050, as...
EURUSD Analysis – November 6, 2010
EURUSD remains in uptrend from 1.1876. The price action from 1.4152 is treated as consolidation of uptrend. Pullback to 1.3800-1.3900 area is expected next week.
Dollar Rebounds on Stronger than Expected Manufacturing Data
The U.S dollar rose on Monday, spurred by strong U.S. and Chinese manufacturing data, as investors awaited mid-term U.S. congressional elections and more monetary easing from the Federal Reserve in the days ahead.
USDCAD Analysis – October 30, 2010
Being contained by 1.0378 key resistance, USDCAD pulled back from 1.0348 level. Range trading between 0.9979 and 1.0378 is expected next week.
USDCHF Analysis – October 30, 2010
USDCHF’s bounce from 0.9463 extended to as high as 0.9928 level. Further rise to 1.0000-1.0100 area to reach next cycle top on daily chart is expected next week.
USDJPY Analysis – October 30, 2010
USDJPY’s bearish trend extended to as low as 80.38 level. Key resistance is now at 81.98, as long as this level holds, downtrend is expected to continue and further decline towards 79.75 (1995 low) is expected, only...
AUDUSD Analysis – October 30, 2010
AUDUSD has formed a cycle top at 0.9998 level on daily chart. Pullback towards the lower border of the channel would more likely be seen next week.
GBPUSD Analysis – October 30, 2010
GBPUSD’s fall from 1.6105 extended to 1.5649 only. The subsequent bounce from 1.5649 is more likely resumption of uptrend from 1.5296, another rise towards 1.6400-1.6500 is expected next week, however a break above 1.6105 is needed to...