USDCAD Analysis – Aug 16, 2008
USDCAD is in up trend and the fall from 1.0727 is treated as consolidation to up trend. Further pullback to 1.0500 is still possible next week. However, as long as 1.0500 level holds, we’d expect up trend...
Author: ForexCycle.com
USDCHF Analysis – Aug 16, 2008
USDCHF’s up trend remains, and the rise from 1.0010 extends to as high as 1.1007 level. Further rise towards 1.1200 level is still possible next week. Initial support is now located at 1.0740, only fall below this...
USDJPY Analysis – Aug 16, 2008
USDJPY is in consolidation to up trend. Pullback to retest 108.36 level is still possible next week. As long as 108.36 support holds, we’d expect up trend to continue and further rise towards 112.00 could be seen...
AUDUSD Analysis – Aug 16, 2008
AUDUSD is in down trend and dropped sharply from 0.9849 to 0.8591 level. Further fall to test 0.8512 (Jan 22 low) support is possible next week. Initial resistance is now at 0.8890, as long as this resistance...
GBPUSD Analysis – Aug 16, 2008
GBPUSD is in down trend and the fall from 2.0158 extends further to as low as 1.8512 level. Deeper decline towards 1.8200 could still be seen next week. Initial resistance is now at 1.8900, as long as...
EURUSD Analysis – Aug 16, 2008
EURUSD’s down trend from 1.6038 extends to 1.4660 level. Further fall towards 1.4500 is in favor next week. Initial resistance is located at 1.4985, only rise above this level will signal consolidation to down trend.
USD Resumes Gains Over Fears Of Global Slowdown
CPI Data On Tap. The USD completed yesterday’s trading session with mixed results versus its major rival currencies. During the first half of the day, the U.S. dollar eased versus the euro and the yen after government...
USDCAD Analysis – Aug 13, 2008
USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0727 level. Further rise towards 1.1000 is still possible next week. Initial support is now located at 1.0550, as long as this level holds, we’d expect...
USDCHF Analysis – Aug 13, 2008
USDCHF’s up trend remains, and the rise from 1.0010 extends to as high as 1.0924 level. Further rise towards 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0700, only fall...
USDJPY Analysis – Aug 13, 2008
USDJPY is in up trend. The fall from 110.40 is treated as consolidation to up trend. Key support is located at 107.28, as long as this support holds, we’d expect up trend to resume, and further rise...