GBPUSD Analysis – Mar 28, 2009
GBPUSD remains in uptrend from 1.3654. Further rise above 1.4985 to reach the next cycle top on daily chart is possible in a couple of weeks. Key support is located at 1.3654, below this level will indicate...
Author: ForexCycle.com
EURUSD Analysis – Mar 28, 2009
As expected, EURUSD formed a cycle top at 1.3738 level on daily chart. Consolidation in a range between 1.2950 and 1.3738 is expected in a couple of weeks. Initial resistance is at 1.3738, only rise above this...
Dollar to Move Today on Release of Economic Data
The Dollar rose yesterday against most of its major rivals as riskier currencies fell out of favor. Despite strong gains in U.S. equities, the Dollar gained ground as the likelihood of further European Interest Rate cuts loom...
EURUSD Volatility the Order of the Day
Many forex traders in the market would be blind to have not noticed the sharp volatile movements occurring in the world’s primary currency pair: the EUR/USD. This tug-o-war between the two largest world currencies comes about as...
A Busy News Day Promises High Volatility
After yesterdays relatively calm trading session, today the economic calendar is filled with high impact data that threatens to sow large volatility into the market. From the wide range of news reports, ForexYard advises its traders to...
EURUSD Analysis – Mar 25, 2009
EURUSD might be forming a cycle top at 1.3738 on daily chart. Key support is now located at 1.3250, a break below this level will confirm the cycle top and deeper decline could then be seen to...
U.S. Toxic Debt Plan Spurs Market Optimism
U.S. Treasury Secretary Timothy Geithner unveiled plans last week for a public-private partnership of investors buying out toxic banking and housing debt. Since that time, investors have been in a frenzy to sell off the USD and...
USDCAD Analysis – Mar 21, 2009
USDCAD has formed a cycle top at 1.3063 level on daily chart. Further fall is expected next week and target would be at 1.2000 zone. Near term resistance is at 1.2500, as long as this level holds,...
USDCHF Analysis – Mar 21, 2009
USDCHF’s rise from 1.0366 has completed at 1.1963 level. Deeper decline is now in favor and the next target is at 1.1000 zone. Initial resistance is at 1.1450, as long as this level holds, we’d expect downtrend...
USDJPY Analysis – Mar 21, 2009
USDJPY might be forming a cycle bottom at 93.53 on daily chart. Sideways movement in a range between 93.53 and 99.67 would more likely be seen in a couple of weeks. The price action from 99.67 is...