AUDUSD Analysis – Feb 18, 2009
AUDUSD might be forming a cycle top at 0.6849 on daily chart. Key support is now at 0.6248, a break below this level will confirm the cycle top, and then deeper decline could be seen below 0.6008...
Author: ForexCycle.com
EURUSD Analysis – Feb 18, 2009
EURUSD breaks below 1.2706 support, suggesting that the medium term downtrend from 1.4719 has resumed. Further fall could be seen to test 1.2329 (Oct 28, 2008 low) support. As long as this level holds, we’d expect range...
Dollar Jumps on Future EUR Interest Rate Moves
The Dollar rallied yesterday on possible Interest Rate cuts in the Euro-Zone while in Japan GDP and an intoxicated Finance Minister helped push the Yen Lower.
The U.S. Currency is bolstered by Optimism about the U.S. Government Program
It appears that actions taken by the new administration of President Barack Obama might help to restore confidence among investors in the United Sates economy. U.S. Treasury officials said on Saturday that the U.S. dollar is likely...
USDCAD Analysis – Feb 14, 2009
No changed in our view, USDCAD formed a sideways consolidation in a range between 1.1464 and 1.3015 for several months. The price action from 1.3015 is more likely a triangle pattern. Consolidation in a range between 1.1761...
USDCHF Analysis – Feb 14, 2009
USDCHF remains in medium term uptrend, and the rise from 1.0366 extends to 1.1779 level. Near term support is now located at 1.1399, as long as this level holds, we’d expect the medium term uptrend to continue....
USDJPY Analysis – Feb 14, 2009
USDJPY is in range trading between 87.12 and 94.61. Further rally is expected to test 94.61 previous high resistance in a couple of weeks. Initial support is located at the rising up trend line on daily chart....
AUDUSD Analysis – Feb 14, 2009
AUDUSD formed a cycle bottom at 0.6248 level on daily chart. Further rise is expected to 0.7150 zone in a couple of weeks. Near term support is located at 0.6248, only break below this level will indicate...
GBPUSD Analysis – Feb 14, 2009
GBPUSD is forming a cycle top at 1.4985 on daily chart. Key support is located at 1.4051, a break below this level will confirm the cycle top, and then sideways consolidation in a range between 1.3503 and...
EURUSD Analysis – Feb 14, 2009
EURUSD traded in a range between 1.2706 and 1.3329 for several weeks. The price action in the trading range is more likely consolidation of the medium term downtrend from 1.4719. Further fall is still possible to 1.2500...