GBPUSD Analysis – Jul 9, 2008
GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is...
Author: ForexCycle.com
EURUSD Analysis – Jul 9, 2008
EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level, a break below this level will confirm the cycle top and encourage further pullback to retest 1.5302 previous low...
Volatile Trading Leads to Major Sell-Off for the USD
The USD saw a bearish trading session yesterday. Although no economic data was released with an impact, the USD was mostly affected by speculations. Impacting the greenback was the wary economic outlook from a Federal Reserve official...
USDCAD Analysis – Jul 5, 2008
USDCAD is forming a sideways consolidation in a range between 1.0048 and 1.0322, one more fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long...
USDCHF Analysis – Jul 5, 2008
Being contained by the support of the price channel, USDCHF rebounded from 1.0111. The pair might be forming a cycle bottom on daily chart. Further rise to test 1.0539 previous high resistance is still possible in next...
USDJPY Analysis – Jul 5, 2008
USDJPY might be forming a cycle bottom at 104.98 on daily chart. Further rise to test 108.58 previous high resistance is expected, a break above this level will confirm the cycle bottom, and next target would be...
AUDUSD Analysis – Jul 5, 2008
AUDUSD is forming a sideways consolidation in a range between 0.9493 and 0.9667. A break below 0.9493 level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline could be...
GBPUSD Analysis – Jul 5, 2008
GBPUSD is in up trend. The pullback from 2.0006 is treated as consolidation to uptrend. Initial support is at 1.9700, as long as this support holds, we’d expect up trend to resume, and further rise towards 2.0200...
EURUSD Analysis – Jul 5, 2008
EURUSD broke above 1.5843 resistance and reached 1.5908 only. The pair might be forming a cycle top on daily chart and the fall from 1.5908 could possibly be resumption of down trend. Deeper decline to retest 1.5302...
Crude Oil at Peak High Ahead Of the Long US Holiday Weekend
The USD appreciated against all of the major currencies during yesterday’s trading session. The US Dollar gained over 160 points versus the EUR and closed at a rate of 1.5702. This happened in spite of the mostly...