USDCHF Analysis – Jan 8, 2009
USDCHF might be forming a cycle top at 1.1277 on daily chart. Pullback to retest 1.0366 previous low support is expected in next several days. A break below this level will indicated that the long term downtrend...
Author: ForexCycle.com
USDJPY Analysis – Jan 8, 2009
USDJPY might be forming a cycle top at 94.61 on daily chart. Pullback to test 89.72 key support is expected in next several days. A break below this level will indicate that the rebound from 87.13 has...
The Market is Bullish on the Dollar throughout January 2009
The USD has gained much support lately as it extends gains against most of its currency counterparts, primarily the EUR and JPY. Barack Obama’s announced stimulus package has done its part in boosting investor confidence that the...
Dollar Expects High Volatility Today
A potential $300 billion tax cut that includes business incentives proposed by the incoming Obama administration sparked hefty gains for the Dollar. The new economic package could provide a much needed spark for the U.S. economy.
AUDUSD Analysis – Jan 6, 2009
AUDUSD breaks above 0.7140 resistance, suggesting that the uptrend from 0.6008 has resumed. Further rally could be seen to 0.7500 zone in next several days. Near term support is at 0.6755, only fall below this level will...
EURUSD Analysis – Jan 6, 2009
EURUSD breaks below 1.3825 support and reaches as low as 1.3546 level. Deeper decline could be seen to 1.3050 zone in next several days. Initial resistance is now at 1.3765, as long as this level holds, we’d...
USDCAD Analysis – Jan 3, 2009
USDCAD consolidated in a range between 1.1818 and 1.2394 for two weeks. Deeper decline towards 1.1600 level would more likely be seen next week, and a break down below 1.1818 will confirm such case.
USDCHF Analysis – Jan 3, 2009
USDCHF breaks below 1.0410 support and reaches 1.0366 level only. Further rise could be seen to 1.1000 next week. However, the price action from 1.0410 is more likely consolidation to the long term downtrend from 1.2296, and...
USDJPY Analysis – Jan 3, 2009
USDJPY breaks above this falling price channel on daily chart. Further rise is expected to 95.00 zone in next several days. Initial support is located at 89.72, a break below this level will indicate that the rebound...
AUDUSD Analysis – Jan 3, 2009
AUDUSD is testing 0.7140 resistance, a break above this level will indicate that the uptrend from 0.6008 has resumed, and then further rally could be seen to 0.7500 zone. Near term support is at 0.6755, below this...