GBPUSD Analysis – August 7, 2010
GBPUSD stays above a rising trend line on daily chart and remains in uptrend from 1.4230. Further rise is still possible next week and next target would be at 1.6500 area. Support is at 1.5820, as long...
Author: ForexCycle.com
EURUSD Analysis – August 7, 2010
EURUSD continues its upward movement and the rise from 1.1876 extended to as high as 1.3333 level. Support levels are at 1.3119 and 1.2900, as long as these levels hold, uptrend is expected to continue and further...
How to Minimize Risk in Forex Trading
Although often overlooked by some traders, forex trading risk management is extremely important if you want to be a successful trader. Why? Well, as you may know, as the forex market is quite volatile – and there...
USDCAD Analysis – July 31, 2010
USDCAD is forming a triangle pattern on daily chart and is now facing the lower boundary of the pattern. A clear break below the pattern could trigger another fall to 1.0000 area. On the other side, rebound...
USDCHF Analysis – July 31, 2010
USDCHF remains in downtrend from 1.1730 and the fall extended to as low as 1.0361 level. As long as 1.0675 key resistance holds, downtrend is expected to continue and next target would be at 1.0200 area. However,...
USDJPY Analysis – July 31, 2010
After touching the falling trend line on daily chart, USDJPY dropped sharply from 88.11, suggesting that the downtrend from 92.88 has resumed. Deeper decline is expected next week and target is at 84.82 (2009 low). Key resistance...
AUDUSD Analysis – July 31, 2010
AUDUSD remains in uptrend from 0.8066. Further rise is still possible next week and next target would be at 0.9200 area. Key support is now at 0.8905, as long as this level holds, uptrend could be expected...
GBPUSD Analysis – July 31, 2010
GBPUSD continues its upward movement and the rise from 1.4230 extended to as high as 1.5720. Now the pair has reached the upper border of the price channel, minor consolidation would more likely be seen next week....
EURUSD Analysis – July 31, 2010
EURUSD’s upward movement from 1.1876 extended to as high as 1.3106 level. As long as 1.2732 key support holds, further rise to 1.3300-1.3400 area to reach next cycle top on daily chart is possible. However, a breakdown...
USDCAD Analysis – July 24, 2010
USDCAD is forming a triangle pattern on daily chart. Sideways movement in the pattern is expected next weeks. Resistance is at the upper boundary of the pattern, now at 1.0600, a clear break above this level will...