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Archive for July, 2009

GBPUSD pulls back from 1.6743 level

July 4th, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the ... Read more

AUDUSD breaks below 0.8024 key support

July 3rd, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD breaks below 0.8024 key support and drops sharply to as low as 0.7902 level, suggesting that that a short term cycle top has been formed at 0.8155 level on ... Read more

USDCAD drops sharply from 1.1654

July 2nd, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

After breaking above 1.1636 resistance, USDCAD drops sharply from 1.1654 and breaks below the lower border of the rising price channel. Further fall to test 1.1418 key support is possible ... Read more

AUDUSD stays above the rising trend line

July 1st, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD stays above the rising trend line on 4-hour chart and remains in short term uptrend from 0.7789. As long as the trend line support holds, we’d expect uptrend to ... Read more