Forexpros Daily Analysis Sep 10, 2009

by forexpros.com | September 10, 2009 8:01 am
Euro Dollar The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of...

Forexpros Daily Analysis Sep 7, 2009

by forexpros.com | September 7, 2009 9:49 am
Euro Dollar The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be...

USDJPY Analysis – September 5, 2009

by ForexCycle.com | September 5, 2009 2:58 am
USDJPY’s downtrend from 97.78 extended further to as low as 91.94 level. Small consolidation is expected next week, before breaking below 91.73 previous low support. However, deeper decline towards 89.00-90.00 area would more likely be seen after...

Forexpros Daily Analysis Sep 3, 2009

by forexpros.com | September 3, 2009 8:28 am
Euro Dollar The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important...

Forexpros Daily Analysis Sep 2, 2009

by forexpros.com | September 2, 2009 10:35 am
Euro Dollar The Euro dropped from 1.4376 until it reached and tested Fibonacci 61.8% support for the whole move from 1.4045 to 1.4405. The above mentioned Fibonacci support at 1.4183 will be the most important for 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.

USDJPY Analysis – August 22, 2009

by ForexCycle.com | August 22, 2009 3:47 am
USDJPY has formed a cycle top at 97.78 level on daily chart and the fall from 97.78 is treated as resumption of downtrend from 101.43. Deeper decline to test 91.73 is expected in a couple of weeks,...

USDJPY Analysis – August 15, 2009

by ForexCycle.com | August 15, 2009 2:42 am
USDJPY has formed a cycle top at 97.78 level on daily chart. Deeper decline to test 91.73 previous low support is expected in a couple of weeks. Near term resistance is at 97.78, only rise above this...

USDJPY Analysis – August 12, 2009

by ForexCycle.com | August 12, 2009 2:13 am
After breaking above the resistance of the falling price channel on daily chart, USDJPY pulls back from 97.78, suggesting that a cycle top is being formed. Deeper decline to test 94.36 key support is now in favor...

USDJPY Analysis – August 8, 2009

by ForexCycle.com | August 8, 2009 2:57 am
USDJPY breaks above the resistance of the upper border of the falling price channel, suggesting that the downtrend from 101.43 has completed at 91.73 level already. Further rise to 99.00-100.00 area is expected next week and range...