EURUSD Analysis – Dec 6, 2008
No changed in our view, EURUSD is forming a triangle pattern on daily chart, and the price action from 1.2329 is treated as consolidation of the long term down trend. Deeper decline is expected to 1.2000 zone...
Author: ForexCycle.com
GBPUSD Analysis – Dec 4, 2008
GBPUSD is forming a cycle top at 1.5534 on daily chart. Key support is located at 1.4557, a break down below this level will confirm the cycle top, and then deeper decline could be seen to 1.4000...
New Zealand to Kick Off Series of International Interest Rate Cuts
With one of the highest interest rates around the globe, New Zealand is set to slash its rates by a massive 150 basis points later this evening. With the international credit crunch and economic crisis, countries are...
EUR and GBP Weakening in Expectation of Euro-Zone Rate Cut
The USD has advanced against the EUR and GBP on speculation that the European Central Bank (ECB) and Bank of England (BoE) will reduce borrowing costs this week in response to the expanding recession in the Euro-Zone....
Dollar Set for a Bullish Week as U.S. Consumers Start Holiday Spending Season
Many analysts predict that in the coming weeks, as American consumers go out shopping for the holiday season, the value of the USD will follow a steady path of appreciation. While Europe celebrates the same holidays as...
USDCAD Analysis – Nov 30, 2008
USDCAD is forming a sideways consolidation in a range between 1.1464 and 1.3015. Pullback to 1.1700 zone to reach the next cycle bottom on daily chart is now in favor in next several days, and a break...
USDCHF Analysis – Nov 30, 2008
USDCHF rebounds from 1.1828 and the rise could possibly be resumption of up trend. Further rally is expected to 1.2500 zone in next several days. However, a break above 1.2296 is needed to confirm such case. Initial...
USDJPY Analysis – Nov 30, 2008
USDJPY might be in up trend, and the fall from 100.54 is treated as correction to up trend. As long as 90.92 previous low support holds, we’d expect up trend to resume, and a break of 97.43...
AUDUSD Analysis – Nov 30, 2008
Being contained by the previous low support at 0.6008, AUDUSD rebounds from 0.6075 level, suggesting that the pair is back to range trading between 0.6008 and 0.7014. Further rise is expected to test 0.7014 resistance in next...
GBPUSD Analysis – Nov 30, 2008
GBPUSD formed a cycle bottom at 1.4557 level on daily chart. Further rebound is expected to 1.6000 zone next week. However, the rise from 1.4557 is treated as correction to down trend from 2.0158 (July 15 high),...