EURUSD Analysis – Feb 1, 2009
EURUSD failed to test 1.3385 key resistance and dropped below 1.2764 previous low, suggesting that the pair is back to medium downtrend from 1.4719. Further fall is now in favor, and the next target would be at...
Author: ForexCycle.com
Dollar Goes Bullish Ahead of Advance GDP Release
The Dollar has gone bullish since the beginning of yesterday’s trading, and ahead of the release of today’s release of Advance GDP figures at 13:30 GMT. Results better than the forecasted -5.4% is likely to make the...
Economic Stimulus and Monetary Policy Spark a Dollar Recovery
The Dollar moved sharply higher as the Federal Reserve held its benchmark interest rate at a historic low while it is exploring other alternative methods for fixing the American economy. The passage of Barack Obama’s economic stimulus...
USDCHF Analysis – Jan 27, 2009
USDCHF might be forming a cycle top at 1.1714 level on daily chart. Key support is at the lower border of the rising price channel. A break down below the channel support will confirm the cycle top,...
EURUSD Analysis – Jan 27, 2009
EURUSD might be forming a cycle bottom at 1.2764 on daily chart. Key resistance is located at 1.3385, a break above this level will confirm the cycle bottom, and the following rebound could be seen to 1.3950-1.4000...
USD Continues to Climb Higher on Weaker European and British Economies
The Dollar has strengthened in early trading as last week’s worries of fundamental weakness in the European and British economies continue. Will the Dollar further appreciate as the appetite for riskier currencies dwindles?
Average True Range
The task of the Average True Range (ATR) indicator is to gauge volatility over a certain period of time. Keltner Channels and Starc Bands are examples of other systems for trading in which ATR is also used.
USDCAD Analysis – Jan 24, 2009
USDCAD pulled back from 1.2765 and formed a cycle top on daily chart. Further fall could be seen to 1.1900 zone in next several days. Initial resistance is at 1.2765, only rise above this level will signal...
USDCHF Analysis – Jan 24, 2009
USDCHF’s uptrend from 1.0366 extends to 1.1714 level. Further rise is still possible to 1.1800 zone next week. However, the next cycle top on daily chart is nearing, the pair may be topping at 1.1714 level. Key...
USDJPY Analysis – Jan 24, 2009
After touching 87.13 previous low, USDJPY rebounds sharply to 89.50 area. Deeper decline is still in favor after consolidation. Near term support is at 87.13, a break below this level will indicate that the downtrend from 94.61...