AUDUSD Analysis – Sep 27, 2008
AUDUSD is in up trend, and the fall from 0.8519 is treated as consolidation to up trend. Initial support is at 0.8075, as long as this level holds, we’d expect up trend to resume and further rise...
Author: ForexCycle.com
GBPUSD Analysis – Sep 27, 2008
GBPUSD rebounded to 1.8668 level and is now in up trend. As long as 1.8200 support holds, we’d expect up trend to continue and further rise is still possible to 1.9000 zone. However, a break below 1.8200...
EURUSD Analysis – Sep 27, 2008
EURUSD rebounded to 1.4867 level and is now in up trend. Initial support is at 1.4450 and followed by 1.4260, as long as 1.4450 support holds, we’d expect up trend to continue and further rally could be...
New Home Sales Figure Disappoints but Interest Rates Counter
Traders witnessed a minor phenomenon in the market yesterday regarding the USD. Despite predictions by analysts that a lower-than-forecast New Home Sales figure would weaken the USD, it actually did the opposite in spot trading. With the...
Will the U.S. Housing Market Show Further Signs of Stress?
The U.S. economic rescue plan, as well as the Home Sales figures, has created a frenzy in the market recently. Yesterday, the greenback underwent a volatile trading session against most of its currency counterparts. Today, traders should...
USDCAD Analysis – Sep 24, 2008
USDCAD broke below 1.0410 support. Further pullback is still possible to 1.0200 zone. Initial resistance is at 1.0515, as long as this level holds, we’d expect down trend to continue. However, a break of 1.0515 level will...
USDCHF Analysis – Sep 24, 2008
USDCHF broke below 1.0842 key support, suggesting that the rise from 1.0010 has completed. Deeper decline is still possible to 1.0500 zone in next few days. Initial resistance is at 1.1000, as long as this level holds,...
USDJPY Analysis – Sep 24, 2008
No changed in our view, USDJPY formed a cycle bottom at 103.54 on daily chart. Further rise is still possible to 109.00 zone, and sideways consolidation in a range between 103.54 and 110.66 could be seen in...
AUDUSD Analysis – Sep 24, 2008
AUDUSD broke above 0.8405 key resistance, signifying that the down trend from 0.9849 has completed, and the rise from 0.7802 is now treated as resumption of up trend. Further rally towards 0.8800 is expected in next few...
GBPUSD Analysis – Sep 24, 2008
GBPUSD broke above 1.8480 key resistance, suggesting that the down trend from 2.1161 (Nov 9, 2007 high) has completed, and the rise from 1.7445 is now treated as resumption of up trend. Further rise towards 1.9100 zone...