EURUSD Analysis – Sep 24, 2008
EURUSD broke above 1.4705 key resistance and the rise from 1.3881 is now treated as resumption of up trend. Further rise towards 1.5200 zone to reach the next cycle top on daily chart is possible in the...
Author: ForexCycle.com
U.S. Economic Salvage Program Kicks Off Today
Traders will listen to two crucial testimonies to be given by U.S. Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson today. These will represent the initial steps in the deliberation and implementation of their newly proposed...
USDCAD Analysis – Sep 20, 2008
As expected, USDCAD pulled back to 1.0429 level and is testing 1.0410 support. As long as 1.0410 level holds, we’d expect up trend to resume and rise towards 1.1400 is possible after consolidation. However, a break below...
USDCHF Analysis – Sep 20, 2008
USDCHF formed a cycle top at 1.1416 on daily chart. Consolidation to up trend could be seen and pullback is expected to 1.0600-700 area. Key resistance is at 1.1416, only rise above this level will signal further...
USDJPY Analysis – Sep 20, 2008
USDJPY formed a cycle bottom at 103.54 on daily chart. Further rise is still possible to test 109.18 resistance, and sideways consolidation in a range between 103.54 and 110.66 could be seen in a couple of weeks.
AUDUSD Analysis – Sep 20, 2008
AUDUSD breaks above 0.8262 resistance and formed a cycle bottom at 0.7802 on daily chart. Further rise to test 0.8405 key resistance could be seen next week, a break of this level will indicate that the down...
GBPUSD Analysis – Sep 20, 2008
GBPUSD is in correction to down trend. Further rise to test 1.8480 resistance could be seen next week. As long as 1.8480 resistance holds, we’d expect down trend to resume, and deeper decline towards 1.7000 zone is...
EURUSD Analysis – Sep 20, 2008
EURUSD is in correction to down trend. Further rise to test 1.4705 resistance could be seen next week. As long as 1.4705 resistance holds, we’d expect down trend to resume and deeper decline is still possible to...
World Financial Leaders Attempting to Calm the Market
With Interest Rates being held steady in the US and Japan, European financial leaders implementing growth policies, and the decreasing global demand for energy, market stability appears to be the primary focus in the market. Bank failures...
USDCAD Analysis – Sep 17, 2008
USDCAD is in consolidation to up trend. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart is still in favor. As long as 1.0410 support holds, we’d expect up trend to resume, and...