EUR/USD 1.4547 – 2 October 2009

by ForexCycle.com | October 2, 2009 5:22 am
EUR/USD Open 1.4538 High 1.4668 Low 1.4503 Close 1.4542 Euro/Dollar made a decreasing movement on Thursday from the 1.4668 top, to the 1.4518 bottom, closing the day at 1.4542. Although the downward correction may be limited for...

USD/JPY 89.91 – 1 October 2009

by ForexCycle.com | October 1, 2009 11:17 am
USD/JPY Open 90.09 High 90.16 Low 89.37 Close 89.68 On Wednesday Dollar/Yen made a moderate decreasing momentum, reaching a bottom at 89.37, where the bearish impulse was limited, and the currency couple started rising, closing the day...

GBP/USD 1.5992 – 1 October

by ForexCycle.com | October 1, 2009 8:35 am
GBP/USD Open 1.6007 High 1.6118 Low 1.5909 Close 1.5982 On Wednesday Pound/Dollar corrected upwards, reaching a peak at 1.6118, as expected in our forecast, closing the day at 1.5982. On the 1 hour chart the Cable rose...

EUR/USD 1.4628 – 1 October 2009

by ForexCycle.com | October 1, 2009 6:09 am
EUR/USD Open 1.4641 High 1.4670 Low 1.4582 Close 1.4636 On Wednesday Euro/Dollar made an increasing movement up to 1.4670, from which point the currency couple bounced downwards, closing the day at 1.4636. If trading goes under 1.4535,...

USD/JPY 89.56 – 30 September 2009

by ForexCycle.com | September 30, 2009 10:46 am
USD/JPY Open 90.09 High 90.37 Low 89.35 Close 90.08 Dollar/Yen made an indecisive movement on Tuesday, forming divergence on the 3 hour chart. On the 1 hour chart the currency couple made an unconvincing break down of...

The USD Remains Pressured on U.S Interest Rate Prospects

by ForexCycle.com | September 30, 2009 9:07 am
The U.S. currency may be headed for a quarterly decline against 14 of 16 major counterparts before report this week forecast to show American employers cut fewer jobs, boosting demand for higher-yielding assets. Although the greenback posted...

GBP/USD 1.6056 – 30 September 2009

by ForexCycle.com | September 30, 2009 8:09 am
GBP/USD Open 1.5962 High 1.6086 Low 1.5829 Close 1.5959 Pound/Dollar made a downward movement on Tuesday, reaching the 1.5829 bottom, as expected, where a the bearish impulse was limited and the Cable started rising up up to...

EUR/USD 1.4626 – 30 September 2009

by ForexCycle.com | September 30, 2009 5:12 am
EUR/USD Open 1.4586 High 1.4643 Low 1.4534 Close 1.4584 The descending scenario of the Euro/Dollar is still intact as the currency couple went down to 1.4534 on Tuesday, than rising up to 1.4643 as expected, closing the...

USD/JPY 89.70 – 29 September 2009

by ForexCycle.com | September 29, 2009 10:28 am
USD/JPY Open 89.66 High 90.20 Low 88.47 Close 89.64 Dollar/Yen made a significant downward movement on Monday down to the 88.47 bottom, from where it recovered back later as expected in our forecast, closing the day at...