AUDUSD Analysis – Jan 24, 2009
No changed in our view, AUDUSD remains in downtrend and the fall from 0.7267 extends further to 0.6418 level. Deeper decline is still in favor. Target would be at the lower border of the price channel, now...
Author: ForexCycle.com
GBPUSD Analysis – Jan 24, 2009
GBPUSD is in downtrend and the fall from 1.5372 extends to 1.3503 level. Deeper decline is still possible next week. The next target would be around 1.3000 area. Initial resistance is now at 1.4025 and key resistance...
EURUSD Analysis – Jan 24, 2009
EURUSD remains in downtrend, and the fall from 1.4719 extends to as low as 1.2764 level. Deeper decline to 1.2650 zone to reach the next cycle bottom on daily chart is still possible, and the next cycle...
Obama Enters Presidency during Worst Financial Crisis in Decades
Yesterday marked the inauguration of President Barack Obama to the White House in Washington D.C. While markets anticipated this event with moderate volatility throughout the prior week, the event had little impact on previous market trends. The...
How to use Bollinger Bands for Forex trading?
Discovered by John Bollinger, the Bollinger Bands is a simple moving average based tool that allows people in Forex trading to estimate the instabilities and trend in the Forex market. Let us have a brief look at...
USDCHF Analysis – Jan 20, 2009
USDCHF rise above 1.1277 resistance, signifying further rally towards 1.1500 zone. Initial support is now at 1.1100 and key support is located at 1.0864, only break below this level will indicate that the rebound form 1.0366 has...
GBPUSD Analysis – Jan 20, 2009
GBPUSD drops below 1.4350 previous low support, suggesting that the downtrend from 2.0158 (July 15, 2008 high) has resumed. Deeper decline could be seen to 1.3500 zone in next several days. Initial resistance is now located at...
USD Falls Prior to Obama’s Inauguration
The Dollar has been loosing ground as investors are looking for U.S. President-elect Barack Obama to quickly roll out hefty economic stimulus spending and a revived plan to buy bad bank assets. The focus is now on...
Using Moving Averages
The purpose of moving averages is purely to determine the mean exchange rate or price of currency pair in a given period of time. The simple moving average (SMA) and the exponential moving average (EMA) are the...
USDCAD Analysis – Jan 17, 2009
USDCAD continues to move sideways between 1.1761 and 1.3015. Further rise is still possible to 1.2900 next week, and pullback would more likely be seen before breaking above 1.3015 previous high resistance.