GBPUSD’s downtrend extends to as low as 1.4350 level. Further fall is still possible to 1.4000 zone next week. Initial resistance is now at 1.4850 and key resistance is located at 1.5722, only rise above 1.5722 level...
EURUSD is testing the support of 1.3825 level. A break down below this level will signal deeper decline towards 1.3500. However, as long as 1.3825 support holds, we’d expect sideways consolidation to continue between 1.3825 and 1.4719,...
Looking ahead to the 1st quarter of 2009, traders are advised to pay close attention to Barack Obama’s stimulus package. Obama’s stimulus package is likely to have an impact on the dollar in 2009. The U.S. may...
Forex traders may have noticed this week that currency prices are moving much more rapidly than normal. With the holiday season, most banks are coming and going from the market, and money is being pulled out by...
Recently I have posted two articles on cycles, the first providing a brief overview of how they work and the second on how to apply cycles. Cycles are generally drawn across cycle lows and indeed, this normally...
In a recent article I described the influences cycles have on price and how it is possible to identify approximate time areas where the underlying price trend will reverse. Through observing when these reversals are likely to...
Regular readers of my reports will probably recognize that I use cycle analysis when trying to work out which direction a currency pair will be moving and when this direction is likely to reverse.
The approaching year end and illiquid forex market has produced large short term price movements. Traders may find opportunities to profit from these quick price spikes by closely following their hourly chart. With many large market makers...
Understanding the length of a market cycle is a crucial aspect of trading and investment analysis. By identifying the duration of cycles, traders and investors can gain valuable insights into market trends and make informed decisions. While...
GBPUSD breaks below 1.4466 previous low support, suggesting that the long term down trend has resumed. Deeper decline could be seen to 1.4000 zone in next several days. Long term key resistance is now located at 1.5722,...
