USDCAD Analysis – Nov 1, 2008
USDCAD pulls back sharply to as low as 1.1900 level. Rebound towards 1.2700 zone would more likely be seen next week. As long as 1.3015 resistance holds, we’d expect correction to the long term up trend is...
Author: ForexCycle.com
USDCHF Analysis – Nov 1, 2008
USDCHF formed a cycle top at 1.1746 level. Sideways consolidation in a range between 1.1208 and 1.1746 could be seen next week. As long as 1.1746 previous high resistance holds, we’d expect consolidation to long term up...
USDJPY Analysis – Nov 1, 2008
USDJPY remains in downtrend, and the rebound from 90.92 is treated as correction to down trend. Deeper decline is still possible to 87.00 zone, and a break down below 96.07 will confirm such case. Key resistance is...
AUDUSD Analysis – Nov 1, 2008
AUDUSD is forming a sideways consolidation in a range between 0.6008 and 0.7238. As long as 0.7238 resistance holds, we’d expect down trend to resume and deeper decline is still possible to 0.5700 zone. However, above 0.7238...
GBPUSD Analysis – Nov 1, 2008
GBPUSD stays below the down trend line on daily chart and remains in down trend. The rebound from 1.5269 is treated as correction to down trend. As long as the trend line resistance holds, we’d expect down...
EURUSD Analysis – Nov 1, 2008
EURUSD formed a cycle bottom at 1.2329 level. Sideways consolidation in a range between 1.2329 and 1.3290 could be seen next week. A break of 1.3290 will confirm the resumption of up trend, and first target would...
USDCAD Analysis – Oct 30, 2008
USDCAD drops sharply from 1.3015 and reaches as low as 1.2073 level. The fall is treated as correction to long term up trend. Deeper decline could be seen to 1.1500 zone. Key resistance is located at 1.3015,...
USDCHF Analysis – Oct 30, 2008
USDCHF breaks below 1.1400 key support, suggesting that a cycle top on daily chart has been formed at 1.1746 level. Deeper decline to test the support of the up trend line from 1.0010 to 1.0693 could be...
EURUSD Analysis – Oct 30, 2008
EURUSD breaks above 1.3004 key resistance, suggesting that a cycle bottom on daily chart has been formed at 1.2329 level. Further rise towards 1.2500 zone is expected in next several days. Key support is located at 1.2329,...
USD Weakening Amid Rate Cut Expectations; EUR Strengthening
The U.S. Federal Reserve is expected to cut Interest Rates by 0.50% later today, which may bring an end to the USD’s recent upward mobility. As the gap between American and European Interest Rates widens, the EUR...