AUDUSD Analysis – Aug 13, 2008
AUDUSD dropped sharply from 0.9849 to as low as 0.8666 level. Further fall to test 0.8512 (Jan 22 low) support is possible in next few days. Initial resistance is located at 0.8955 level, and as long as...
Author: ForexCycle.com
GBPUSD Analysis – Aug 13, 2008
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.8952 level. Deeper decline towards 1.8600 is still possible in a couple of weeks. Initial resistance is now located at 1.9250, as...
EURUSD Analysis – Aug 13, 2008
EURUSD’s down trend remains and the fall from 1.6038 extends further to 1.4815 level. Consolidation would more likely be seen in a couple of days, and deeper decline to 1.4500 is still possible after consolidation. Initial resistance...
Heavy Decilne in Crude Oil Prices Spark Bullish Trend in Dollar Trading
Will a Bearish Correction Take Place? Yesterday, the USD rallied against all the major counterparts. The EUR/USD dropped over 150 pips, descending below the 1.4900 level. The dollar experienced similar sessions vs. the GBP and the CHF...
USDCAD Analysis – Aug 9, 2008
USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0696 level. Further rise towards 1.1000 is still possible next week. Initial support is located at 1.0500, as long as this level holds, we’d expect up...
USDCHF Analysis – Aug 9, 2008
USDCHF broke above 1.0623 (May 8 high) previous high resistance and reached as high as 1.0835 level. Further rise to 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0600, only...
USDJPY Analysis – Aug 9, 2008
As expected, USDJPY broke above 108.58 previous high resistance and reached 110.36 level. Further rise to 112.00 to reach next cycle top on daily chart is still possible next week. Initial support is at 107.28, as long...
AUDUSD Analysis – Aug 9, 2008
AUDUSD broke below 0.8953 (Mar 20 low) previous low support and reached as low as 0.8866 level. Further fall to 0.8700 to reach next cycle bottom on daily chart is still possible next week and the next...
GBPUSD Analysis – Aug 9, 2008
GBPUSD broke below 1.9337 (Jan 22 low) long term support and dropped sharply to as low as 1.9146 level. Further fall to 1.8600 level is still possible in a couple of weeks. Initial resistance is located at...
EURUSD Analysis – Aug 9, 2008
EURUSD drops sharply to as low as 1.4997 level. Deeper decline to 1.4700 to reach next cycle bottom on daily chart is possible next week. Initial resistance is at 1.5250, only break of this level will indicate...