USDJPY Analysis – July 25, 2009
Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level, and the rise from 91.73 extends to as high as 95.29 level, suggesting that a cycle...
Author: ForexCycle.com
AUDUSD Analysis – July 25, 2009
AUDUSD is testing 0.8263 previous high resistance. Breaking above this level would more likely be seen next week and further rally to 0.8500 zone to reach the next cycle top on daily chart is expected to follow....
GBPUSD Analysis – July 25, 2009
GBPUSD is in range trading between 1.5801 and 1.6743. Further rise to test 1.6743 previous high resistance is possible next week and pullback would more likely be seen before breaking above this level. Near term support is...
EURUSD Analysis – July 25, 2009
EURUSD is testing 1.4338 previous high resistance, pullback would more likely be seen before breaking above this level. Key support is now at 1.4050, a break below this level will indicate that a cycle top has been...
Dollar Trading To Be Dominated By Bernanke and Geithner Testimony
The USD is set for another volatile action-packed trading day as this weeks’ trading comes to a close. The Dollar saw sharp moves against the EUR, GBP and JPY yesterday. This type of behavior is set to...
Global Stock Rally Dominates USD Trading
Witnessing a steady decline during yesterday’s trading sessions, the USD became weakened as traders unwound their Dollar buy positions in exchange for riskier assets, such as stocks. The global stock market rally seen yesterday may have been...
Greenback Rebounds from 6-Week Low
The U.S Dollar rose against most other major currencies Tuesday, as comments by Ben Bernanke eased concerns that policy-makers won’t act decisively to head off inflation spawned by efforts to counter the credit crisis. The Federal Reserve...
CIT Bailout Adds to Risk Appetite, Safe-Havens in Decline
Yesterday’s rally on Wall Street, which led to a devaluation of the major safe-haven currencies such as the USD, was led by a decision from CIT, a large financial firm, in favor of a $3 billion bankruptcy...
AUDUSD Analysis – July 21, 2009
AUDUSD breaks above the resistance of the upper border of falling price channel, suggesting that a cycle bottom has been formed at 0.7703 level on daily chart, and the uptrend from 0.6248 has resumed. Further rally is...
Traders Focus on Commodities as USD Slides
The U.S. dollar has ceded further ground on Monday as concerns about the U.S. economy abated and broadly improved corporate earnings lifted risk appetite and regional stock markets. The weak U.S. dollar had traders pushing up commodity...