EURUSD Analysis – June 10, 2009
Being contained by 1.3793 support, EURUSD rebounds from 1.3804, suggesting that a cycle bottom is being formed on daily chart. However, a break of 1.4338 key resistance is needed to confirm the cycle bottom.
Author: ForexCycle.com
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USDCAD Analysis – June 6, 2009
USDCAD stays below the falling trend line from 1.2504 to 1.1813 and remains in downtrend from 1.3063. The rebound from 1.0784 is more likely consolidation of downtrend. However, above the trend line resistance will suggest that a...
USDCHF Analysis – June 6, 2009
USDCHF is testing the resistance of the falling trend line from 1.1740 to 1.1264, a break above the trend line resistance will signal further rally to 1.1000 zone. However, the rise from 1.0590 is more likely consolidation...
USDJPY Analysis – June 6, 2009
USDJPY breaks above 97.23 key resistance, suggesting that a cycle bottom has been formed at 93.85 level on daily chart and now the pair is back to range trading between 93.53 and 101.43. Further rally is possible...
AUDUSD Analysis – June 6, 2009
AUDUSD stays above the rising trend line on daily chart and remains in uptrend from 0.6284. The pullback from 0.8263 is more likely consolidation of uptrend. Further fall to test the support of the rising trend line...
GBPUSD Analysis – June 6, 2009
GBPUSD drops sharply from 1.6662, suggesting that a cycle top is being formed on daily chart. Key support is now located at 1.5777, a break below this level will confirm the cycle top and signal deeper decline...
EURUSD Analysis – June 6, 2009
EURUSD remains in uptrend from 1.2884. Range trading between 1.3793 and 1.4338 would more likely be seen next week. Initial support is at the rising trend line on daily chart now at 1.3915, below this level will...
U.S. Non-Farm Employment Change Data to Dominate USD Trading
Today’s U.S. Non-Farm Employment Change data release is set to dominate the trading between the Dollar and its major currency pairs. A number of other factors are also likely to impact the forex market today, such as...