Forex Traders Anticipate Heavy News Week

by ForexCycle.com | August 31, 2009 7:45 am
The dollar was slightly more volatile over the past week than usual, and the explanations for this have been getting trickier by the day. As for this week, forex traders are advised to take positions on trades,...

Forexpros Daily Analysis Aug 31, 2009

by forexpros.com | August 31, 2009 7:30 am
Euro Dollar – Indecision Friday corrected a major portion of the move up on Thursday, and early trading this week has been mixed forming a range. Minor resistance has formed at 1.4310 with further resistance at 1.4320. ...

USDCAD Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:36 am
USDCAD traded in a range between 1.0632 and 1.1124 for several weeks. Move towards the upper border of the price channel on daily chart to reach next cycle top on daily chart would more likely be seen,...

USDCHF Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:35 am
USDCHF remains in downtrend from 1.0883. Deeper decline is still possible next week and next target would be at 1.0450-1.0500 area. Key resistance is now located at 1.0714, a break above this level will indicate that the...

USDJPY Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:34 am
USDJPY remains in downtrend from 101.43. Further fall is still in favor and next target is to test 91.73 previous low support, a break down below this level will signal deeper decline towards 89.00-90.00 area.

AUDUSD Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:33 am
AUDUSD is testing 0.8477 previous high resistance, a break above this level will suggest that the uptrend from 0.6248 has resumed, and then further rally could be seen to 0.8600 zone. As long as 0.8477 resistance holds,...

GBPUSD Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:32 am
GBPUSD remains in downtrend from 1.7042 and the fall extends to as low as 1.6153. Deeper decline to test 1.5801 key support is expected in next several days, a break below this level will indicate that the...

EURUSD Analysis – August 30, 2009

by ForexCycle.com | August 30, 2009 2:31 am
EURUSD stays in a rising price channel and remains in uptrend from 1.3748. As long as the channel support holds, we’d expect uptrend to continue and further rise to 1.4500-1.4600 area could be seen in next several...

Forexpros Daily Analysis Aug 27, 2009

by forexpros.com | August 27, 2009 9:26 am
EUR/USD – Respects Support In early trading the pair is respecting the 1.4200 level.  This is a horizontal and hourly  trendline support area.  The trendline will rise throughout the day.  The bias is up, with 1.4220 also...