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Archive for March, 2010

GBPUSD bounced from 1.4798

March 29th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

Being contained by 1.4784 previous low support, GBPUSD bounced from 1.4798. suggesting range trading between 1.4784 and 1.5001 is underway. However, the price action in the trading range ... Read more

USDJPY bounced sharply to 92.95

March 27th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

After breaking above the trading range between 89.63 and 91.08, USDJPY bounced sharply to as high as 92.95 level, suggesting that the rise from 88.14 could possibly be ... Read more

USDJPY continues its upward movement

March 26th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY continues its upward movement from 89.76. One more rise towards 93.75 January high is still possible later today, however, minor consolidation would more likely be seen before ... Read more

GBPUSD continues its downward movement from 1.5382

March 25th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD continues its downward movement from 1.5382 and the fall extended to as low as 1.4852 level. Deeper decline to test 1.4784 previous low support is expected later ... Read more

USDCHF stays in a falling price channel

March 24th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF stays in a falling price channel and remains in downward movement from 1.0898. As long as the channel resistance holds, one more fall towards 1.0400 is still ... Read more

USDCHF stays in a falling price channel

March 23rd, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF stays in a falling price channel on 4-hour chart. As long as the channel resistance holds, another fall towards 1.0400 is still possible and a break below ... Read more

EURUSD broke below lower border of price channel

March 22nd, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3817 level on 4-hour chart and ... Read more

USDJPY traded in a narrow range between 89.63 and 91.08

March 20th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY traded in a narrow range between 89.63 and 91.08 for several days. Now the price action in the trading range is more likely consolidation of uptrend from ... Read more

USDCHF broke above 1.0639 resistance

March 19th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF broke above 1.0639 resistance, suggesting that a cycle bottom has been formed at 1.0506 level on 4-hour chart. Sideways movement above 1.0506 is expected in a couple ... Read more

AUDUSD’s upward movement extends to 0.9250

March 18th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD’s upward movement extends to as high as 0.9250 and remains in uptrend. However, now the pair is facing the upper border of the price channel on 4-hour ... Read more

AUDUSD stays in a rising price channel

March 17th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 0.8801. Further rally is still possible in a couple of days and next ... Read more

USDJPY’s bounce extended to 91.08

March 15th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY’s bounce from 88.14 extended to as high as 91.08 last week. Further rally to test the resistance of the falling trend line from 93.75 (Jan 7 high) ... Read more

USDJPY’s bounce extended to 90.82

March 12th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY’s bounce from 88.14 extended further to as high as 90.82. However, another fall towards 89.63 key support is still possible later today, a breakdown below this level ... Read more

GBPUSD dropped from 1.5195

March 11th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

After touching the upper border of the falling price channel, GBPUSD dropped from 1.5195 and formed a short term cycle top on 4-hour chart. Deeper decline to test ... Read more

GBPUSD breaks below 1.4992 key support

March 9th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD breaks below 1.4992 key support, suggesting that a short term cycle top has been formed at 1.5195 level on 4-hour chart. Deeper decline towards 1.4784 previous low ... Read more

EURUSD is forming sideways movement between 1.3435 and 1.3838

March 8th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today. As long as this level holds, the ... Read more

GBPUSD stays below a falling trend line

March 6th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

GBPUSD stays in a falling trend line on daily chart and remains in downtrend from 1.6456. As long as the trend line resistance holds, downtrend could be expected ... Read more

EURUSD continues move sideways between 1.3435 and 1.3838

March 5th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as ... Read more

USDCHF’s fall extends to 1.0648

March 4th, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCHF’s fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this ... Read more

EURUSD bounced from 1.3435

March 3rd, 2010 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

After touching 1.3443 previous low, EURUSD bounced from 1.3435, suggesting that a short term cycle bottom is being formed on 4-hour chart. Further rise to test 1.3691 is ... Read more