USD/JPY 89.26 – 14 October 2009

by ForexCycle.com | October 14, 2009 10:14 am
USD/JPY Open 89.74 High 90.14 Low 88.87 Close 89.67 On Tuesday the upward adjustment of the Dollar/Yen stopped. The currency couple tried to rise, reaching a peak at 90.14, closing the day at 89.67. Immediate support is...

GBP/USD 1.5947 – 14 October 2009

by ForexCycle.com | October 14, 2009 7:59 am
GBP/USD Open 1.5929 High 1.5992 Low 1.5717 Close 1.5922 Pound/Dollar traded quieter on Tuesday. After reaching a peak at 1.5822, the Cable made a decreasing attempt, reaching a bottom at 1.5717, than rose sharply to 1.5940, closing...

The Dollar Retreats as Commodities Hit New Highs

by ForexCycle.com | October 14, 2009 7:39 am
The U.S. Dollar fell against a basket of currencies to within sight of recent lows on Tuesday as Gold hit a new high and Oil prices strengthened. The USD and commodities are often inversely correlated, with Gold...

EUR/USD 1.4882 – 14 October 2009

by ForexCycle.com | October 14, 2009 5:06 am
EUR/USD Open 1.4846 High 1.4890 Low 1.4762 Close 1.4852 On Tuesday Euro/Dollar continued the upward trend as expected up to 1.4870. On the 3 hour chart the currency pair tried to reach higher bed, climbing above the...

USD/JPY 90.06 – 13 October 2009

by ForexCycle.com | October 13, 2009 10:14 am
USD/JPY Open 89.70 High 90.44 Low 89.35 Close 89.83 Dollar/Yen made a significant bullish movement on Monday. On the 3 hour chart the 90.00 resistance was convincingly broken up, indicating further potential upward correction with possible test...

GBP/USD 1.5786 – 13 October 2009

by ForexCycle.com | October 13, 2009 8:02 am
GBP/USD Open 1.5802 High 1.5878 Low 1.5738 Close 1.5796 On Monday Pound/Dollar made a significant bearish movement. On the 3 hour chart there is a hedging formation, indicating continuation of the bearish trend. After the consolidation and...

EUR/USD 1.4770 – 13 October 2009

by ForexCycle.com | October 13, 2009 5:19 am
EUR/USD Open 1.4781 High 1.4812 Low 1.4680 Close 1.4771 Euro/Dollar made downward correction on Monday, reaching a bottom at 1.4680, from where it sharply rose up to the 1.4680 top, closing the day at 1.4771. We may...

Could the EUR Strengthen Further?

by ForexCycle.com | October 12, 2009 6:49 am
Following a week in which most of the major currencies remained at relatively steady rates, the Euro stood out in its appreciation against the Dollar, the Yen and the Pound. Will this continue to be the trend...

USDCAD Analysis – October 10, 2009

by ForexCycle.com | October 10, 2009 4:12 am
After breaking below 1.0590 previous low, USDCAD drops sharply to as low as 1.0410. Further fall is still possible in a couple of weeks, and target of next week would be at 1.0200 zone. Resistance level is...