GBPUSD Analysis – Apr 12, 2008
GBPUSD is in down trend. Deeper decline to test 1.9337 is still possible in the next several days. Near term resistance is at 1.9841 and key resistance is at 2.0049. As long as 2.0049 resistance holds, we’d...
Author: ForexCycle.com
EURUSD Analysis – Apr 12, 2008
EURUSD broke above 1.5902 and pulled back from 1.5913 level. Further rally to 1.6200 area to reach the next cycle top on daily chart is still possible after consolidation. Near term support is at 1.5510 and key...
Interest Rate Announcements Expected For EUR & GBP
Yesterday, the greenback fell to its lowest mark since the beginning of April decreasing sharply against a majority of it’s currency rivals. The EUR/USD pair shot up 150pts yesterday, crossing the key psychological rate of 1.5800 for...
USDCAD Analysis – Apr 9, 2008
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. Deeper decline to retest 0.9709 previous low support is still in favor. Key resistance is located at 1.0378, only break of this level will...
USDCHF Analysis – Apr 9, 2008
USDCHF is testing 1.0249 resistance, as long as 0.9870 support holds, we’d expected up trend to resume, and further rise above 1.0249 level to reach the next cycle top on daily chart is still in favor. Key...
USDJPY Analysis – Apr 9, 2008
USDJPY traded in a narrow range between 101.45 and 102.94 in the last few days. Further rise to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation. Key support...
AUDUSD Analysis – Apr 9, 2008
AUDUSD breaks above 0.9252 resistance and reaches as high as 0.9328. Further rally to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long as 0.9496...
GBPUSD Analysis – Apr 9, 2008
GBPUSD drops sharply to as low as 1.9656. Near term resistance is now at 2.0049, as long as this resistance holds, we’d expect down trend to continue and deeper decline to retest 1.9337 long term support is...
EURUSD Analysis – Apr 9, 2008
EURUSD is forming a sideways consolidation in a range between 1.5342 and 1.5902. Pullback to retest 1.5342 is still in favor in the next several days and a break of this level will signal the reversal to...
FOMC Meeting Minutes – on Tap
The USD rose against the EUR yesterday on speculation the Fed is close to ending the biggest series of Interest Rate reductions since 1984. Stability in equity and credit markets raised optimism that the worst of the...