USDCHF Analysis – June 13, 2009
USDCHF is forming a cycle top at 1.0986 level on daily chart. Range trading between 1.0590 and 1.0986 is expected next week. A break below 1.0590 key support will confirm the cycle top and signal resumption of...
Author: ForexCycle.com
USDJPY Analysis – June 13, 2009
USDJPY might be forming a cycle top at 98.88 level on daily chart. Pullback towards 95.00 is possible in next several days. However, above 98.88 will indicate that the uptrend from 93.85 has resumed, and further rally...
AUDUSD Analysis – June 13, 2009
AUDUSD is forming a cycle bottom at 0.7827 level on daily chart. Range trading between 0.7827 and 0.8263 is expected next week. The price action in the trading range will be treated as consolidation of uptrend from...
GBPUSD Analysis – June 13, 2009
GBPUSD is forming a cycle bottom at 1.5801 on daily chart. Range trading between 1.5801 and 1.6662 is possible next week. Key resistance is located at 1.6662, a break above this level will indicate that the uptrend...
EURUSD Analysis – June 13, 2009
EURUSD is forming a cycle bottom at 1.3804 level on daily chart. Range trading between 1.3793 and 1.4338 is expected next week. Key resistance is at 1.4338, a break above this level will confirm the cycle bottom,...
G20 Summit and U.S. Consumer Sentiment Set To Dominate USD Trading
Today’s upcoming G20 Summit of the 20 most industrialized nations in Berlin, Germany today is set to dominate USD trading. Additionally, the forex market is set to go very volatile on the publication on the U.S. Import...
EUR and USD in Struggle for Dominance
With the recent volatility in the forex market, one currency pair seems to stand out: the EUR/USD. This pair has been range-trading for the previous week as the two currencies struggle for dominance of the currency market....
Crude Oil Prices Surprise with Bullishness as USD Weakens
Many analysts yesterday had anticipated a slight decline in the price of Crude Oil considering the recent strength in the USD brought on by last week’s employment data. However, oil prices surprised many traders today as the...
USDCAD Analysis – June 10, 2009
Being contained by the resistance of the falling trend line from 1.2504 to 1.1813, USDCAD drops from 1.1289 level, suggesting that a cycle top is being formed on daily chart. Further fall is expected to re-test 1.0784...
USDCHF Analysis – June 10, 2009
USDCHF is forming a cycle top at 1.0986 level on daily chart. Key support is now located at 1.0590, a break down below this level is needed to confirm the cycle top. Near term resistance is at...