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...
Author: ForexCycle.com
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...
Tomorrow’s U.S. Non-Farm Payrolls to Dictate USD Direction
The Dollar gained considerably ground in yesterday’s trading, whilst the price of Crude Oil plummeted. The question today is can this pattern be extended into end-of-week trading? The answer to this question will be determined by a...
U.S Economy Awaits ADP Non Farm Employment Figures
The Dollar continued its freefall against all the major currencies despite positive housing data figures from yesterday. Today, at 12:15 GMT, Forex traders will have the ability to enjoy hefty volatility in the market as the ADP...
A Global Stock Market Rally Leads Trading
Strong economic data from the U.S, U.K and China combined with strong equity performances has led to a sell-off of the safe haven currencies and pushed investors to higher yielding, riskier currencies as many see the global...
High Volatility might Continue this Week
After depreciating consistently over the past few weeks, the USD is now traded over 1.41 against the EUR, and over 1.62 against the GBP. This week on Thursday, at 11.45 GMT, the ECB will deliver its periodical...
Methods of Forecasting the Behavior of the Forex Market
Businesses which are involved in global trading need to be in a position to predict forex market behavior. This is essential for them when concluding deals / arranging for payments to protect themselves from the possible adverse...
Determining Forex Trading Strategy
Before we get into determining strategies for forex trading, let’s make sure we understand the core of Forex Trading. The forex market is a dynamic market place where foreign currencies are traded actively. This is normally done...
USDCAD Analysis – May 30, 2009
No changed in our view, USDCAD remains in downtrend from 1.3063 and the fall extends further to as low as 1.0891 level. More quick moves is still possible next week and the next target would be at...