AUDUSD Analysis – Mar 31, 2009
As expected, AUDUSD breaks below previously mentioned key support of 0.6780 and has formed a cycle top at 0.7092 level on daily chart. Further pullback is now in favor and the next target would be at 0.6500...
Author: ForexCycle.com
GBPUSD Analysis – Mar 31, 2009
GBPUSD pulls back to 1.4110 level, suggesting that a cycle top has been formed at 1.4779 on daily chart. Consolidation in a range between 1.3900 and 1.4779 would more likely be seen. However, one more rise is...
USDCAD Analysis – Mar 28, 2009
USDCAD remains in downtrend from 1.3063. The rebound from 1.2191 is treated as consolidation of the downtrend. Deeper decline is still possible to 1.2000 zone after consolidation. Near term resistance is at 1.2500, above this level will...
USDCHF Analysis – Mar 28, 2009
USDCHF formed a cycle top at 1.1963 level on daily chart and is now in medium term downtrend. The rebound from 1.1159 is treated as consolidation of the downtrend. Deeper decline is possible to 1.0800 zone in...
USDJPY Analysis – Mar 28, 2009
As expected, USDJPY formed a cycle bottom at 93.53 level on daily chart. Range trading between 93.53 and 99.67 would more likely be seen in a couple of weeks. However, the price action from 99.67 is treated...
AUDUSD Analysis – Mar 28, 2009
AUDUSD might be forming a cycle top at 0.7092 on daily chart. Key support is located at 0.6780, a clear break below this level will confirm the cycle top and then deeper decline could be seen to...
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...
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...