USDCAD Analysis – Feb 17, 2008
USDCAD rebounded from the edge of the price channel. Further rise to 1.0750 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0126 level is needed to confirm...
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USDCHF Analysis – Feb 17, 2008
USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is at 1.0860 level, a break of this level will confirm the cycle top, and further fall to test the previous low support...
USDJPY Analysis – Feb 17, 2008
USDJPY formed a cycle bottom at 104.96 level on daily chart, and the rise from 104.96 extended to as high as 108.59. Further rebound towards 112.50 area to reach the next cycle top on daily chart is...
AUDUSD Analysis – Feb 17, 2008
AUDUSD is testing resistance at 0.9100, a break of this level will signal the resumption of the up trend, and further rally towards 0.9398 previous high is expected to follow. Near term support is at 0.8920 and...
GBPUSD Analysis – Feb 17, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rise towards 1.9900 area to reach the next cycle top on daily chart is still in favor. Key support is at 1.9337, breakdown of...
EURUSD Analysis – Feb 17, 2008
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rally to test 1.4966 long term key resistance is still possible, a break of this level will signal...
Determine Market Trends with MACD
MACD Divergence or Moving Average Convergence/Divergence is a useful indicator for spotting major changes in market trend, indicate trend direction and for giving hints of a possible market reversal. It is one of the strongest signals generated...
Relative Strength Index – Your Best Oscillator for Market
Relative Strength Index (RSI), one of the most popular financial technical analysis oscillators is best adapted to work in markets, which is range-bound. Developed in 1978 by J.Welles Wilder its popularity is mainly due to its easy...
USDCAD Analysis – Feb 13, 2008
Being supported by the price channel, USDCAD rebound from 0.9871 level. Rise towards 1.0750 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0126 level is needed to...
USDCHF Analysis – Feb 13, 2008
USDCHF might be forming a cycle top at 1.1102 level. Pullback to test the previous low support at 1.0729 is expected. A break of 1.0860 key support will confirm the cycle top. Near term resistance is at...