tag:blogger.com,1999:blog-326584862024-03-13T12:26:58.708+00:00Forex Technical AnalysisTalking About Forex Technical Analysis, Forex Trading, Trading System, Forex Brokers.The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.comBlogger57125tag:blogger.com,1999:blog-32658486.post-57300271083303669582024-03-13T11:55:00.000+00:002024-03-13T11:55:03.392+00:00Daily Forex Analysis: Mapping Your Route to Successful Trading<div class="cl-preview-section">
<p>In the ever-shifting landscape of the forex market, daily analysis stands as a critical tool for traders. By capturing a snapshot of the market’s current conditions and projecting potential future movements, daily analysis functions as a map, assisting traders in charting their routes toward successful trading endeavors.</p>
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<p>The Importance of Daily Forex Analysis:</p>
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<p>Employing <a href="https://www.forexcycle.com/forex-market-analysis">daily forex analysis</a> is akin to a captain setting course with the most recent weather reports; it is pivotal for avoiding storms and capitalizing on favorable winds.</p>
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<ul><li>Informed Decision Making: A comprehensive analysis provides a factual basis for <a href="https://forexta.blogspot.com/search/label/Forex%20Trading">making trading decisions</a> instead of relying on guesswork.</li><li>Strategy Enhancement: It allows traders to <a href="https://forexta.blogspot.com/search/label/Trading%20Strategy">adjust their strategies</a> according to the latest market developments.</li><li>Risk Management: Analysis helps in identifying potential risks and setting appropriate safeguards like stop-loss orders.</li><li>Opportunity Identification: By keeping abreast with the market, traders can spot new opportunities as soon as they emerge.</li></ul>
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<p>The Elements of Daily Forex Analysis:</p>
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<p>Technical Analysis: This involves examining charts and using technical indicators to determine the market’s direction and identify trends and potential reversal points.</p>
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<p>Fundamental Analysis: This examines economic indicators, news releases, and political events to forecast the impact on currency strengths and weaknesses.</p>
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<p>Sentiment Analysis: Understanding the prevailing sentiment among forex traders can provide insights into market direction based on the majority’s behavior.</p>
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<p>Daily Analysis Techniques:</p>
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<p>Review Economic Calendars: Examine any economic or news events scheduled for the day that can impact the forex market.</p>
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<p>Chart Examination: Analyze price charts for any identifiable patterns that may suggest entry and exit points.</p>
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<p>Indicator Utilization: Apply technical indicators to verify signals suggested by chart analysis.</p>
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<p>News and Reports Review: Stay updated with global news, economic reports, and geopolitical events that can cause fluctuations in currency values.</p>
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<p>Sentiment Tools: Utilize sentiment analysis tools like the Commitment of Traders (COT) reports or Forex sentiment widgets.</p>
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<p>Integrating Daily Forex Analysis into Trading:</p>
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<p>To effectively integrate daily analysis into trading, discipline is key. This entails:</p>
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<ul><li>Setting a Routine: Establish a consistent time for conducting daily analysis before the market opens or after it closes.</li><li>Documenting Observations: Keep a journal of daily analysis and any resulting trade decisions to track success rates and refine strategy.</li><li>Staying Flexible: Be willing to adjust strategies rapidly in response to new information gleaned from daily analysis.</li></ul>
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<p>A Greater Context:</p>
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<p>While the value of daily forex analysis is undeniable, it should be noted that it is one part of a broader, refined trading strategy. The most successful traders combine these daily insights with a clear understanding of long-term trends, market conditions, and risk management.</p>
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<p>In conclusion, <a href="https://www.forexcycle.com">daily forex analysis</a> provides a strategic vista of the ever-evolving forex market, offering traders the knowledge and confidence to make judicious decisions. By diligently mapping out their trading route with the help of robust daily analysis, traders are better positioned to pursue profitability and consistency in their trading practices, navigating the vast expanse of the forex market with informed precision.</p>
</div><p> </p>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-84634100652610885542024-02-24T11:41:00.003+00:002024-02-24T11:50:15.567+00:00Tracing the Trends: Tracking Patterns in Forex Market Analysis<p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Forex market analysis is an essential element in any trader's toolkit, providing insights into currency price movements and underlying economic trends. By diligently tracing these patterns, traders can gain a deeper understanding of market behavior, empowering them to capitalize on predictive trends and make sound trading decisions. This involves a vigilant and nuanced approach to dissecting the multitude of signals and structures that form the fabric of the forex market.</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">The Importance of Pattern Recognition in Forex Market Analysis:</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Identifying and understanding patterns in<span> </span><a href="https://forexta.blogspot.com/search/label/Forex%20Trading">forex trading</a><span> </span>can be the difference between success and stagnation. Patterns in forex can come in various forms – from chart patterns like triangles, channels, and head and shoulders, to repeated behavior in response to specific economic events.</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Tools for Tracing Trends and Patterns:</span></span></p><ol style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><li style="break-inside: avoid;"><p style="break-inside: avoid;"><span style="font-size: small;"><span style="font-family: inherit;"><b>Technical Analysis Tools</b>: Technical analysts utilize a variety of charting tools, including trend lines, moving averages, and Fibonacci retracements to track and predict price movements.</span></span></p></li><li style="break-inside: avoid;"><p style="break-inside: avoid;"><span style="font-size: small;"><span style="font-family: inherit;"><b>Statistical Analysis</b>: More quantitatively inclined traders may employ statistical methods such as regressions and Monte Carlo simulations to identify market patterns.</span></span></p></li><li style="break-inside: avoid;"><p style="break-inside: avoid;"><span style="font-size: small;"><span style="font-family: inherit;"><b>Economic Indicators</b>: Following key economic indicators, such as CPI, GDP, and employment rates, can provide insight into broader market trends that impact currency valuations.</span></span></p></li></ol><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">How Forex Patterns Inform<span> </span><a href="https://forexta.blogspot.com/search/label/Trading%20Strategy">Trading Strategies</a>:</span></span></p><ul style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><li style="break-inside: avoid;"><span style="font-size: small;"><span style="font-family: inherit;"><b>Entry and Exit Points</b>: Patterns can suggest to traders potential entry and exit points, as well as times to increase or reduce positions within the markets.</span></span></li><li style="break-inside: avoid;"><span style="font-size: small;"><span style="font-family: inherit;"><b>Risk Management</b>: By recognizing a pattern's historical implications, traders can set more informed<span> </span><a href="https://forexta.blogspot.com/2006/09/how-to-stop-loss.html">stop-loss</a><span> </span>orders to manage risk.</span></span></li><li style="break-inside: avoid;"><span style="font-size: small;"><span style="font-family: inherit;"><b>Market Sentiment</b>: Interpreting pattern significance can offer an insight into market sentiment and timing market entries or exits accordingly.</span></span></li></ul><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Combining Patterns with Other Market Analysis Techniques:</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">While patterns provide valuable data, they are most effective when combined with other market analysis techniques. For instance, a head and shoulders pattern may indicate a potential trend reversal, but coupling that finding with economic news releases can confirm whether the external factors support the pattern's implications.</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Challenges of Patterns in Market Analysis:</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Market patterns are not infallible, as they can be disrupted by unexpected news or events. Traders must stay agile, ready to adapt to market changes and aware that patterns suggest probabilities, not certainties.</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">Adapting to Market Changes:</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">The forex market is dynamic, and even established patterns can evolve. Traders must continuously educate themselves on market conditions, geopolitical events, and economic changes that could impact currency trends.</span></span></p><p style="-webkit-text-stroke-width: 0px; break-inside: avoid; color: black; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><span style="font-size: small;"><span style="font-family: inherit;">In conclusion,<span> </span><a href="https://forexta.blogspot.com/2007/01/trailing-stops.html">tracing trends</a><span> </span>and tracking patterns are fundamental to<span> </span><a href="https://www.forexcycle.com/forex-market-analysis">forex market analysis</a>. Although every pattern and indicator has limitations, the astute use of these tools in conjunction with a sophisticated understanding of market factors can greatly enhance a trader's ability to navigate the forex landscape with confidence. By committing to ongoing analysis, continuous learning, and disciplined strategy adaptation, traders are well-positioned to recognize and respond to the ebbs and flows of currency markets.</span></span></p>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-46283700041360962602017-12-06T13:17:00.000+00:002017-12-06T13:17:14.339+00:00What You Need to Do About Forex Before You Miss Your ChanceForex is intimidating to a lot of traders, but there's nothing which makes forex more inherently harder than stocks, options, and futures. Forex permits you to process currency variations relative to some other currency. Easy Forex and eToro are a few of the greatest examples of the type, if you desire to perform online trading.<br /><br />Forex does provide significant leverage. At this time you should realize that getting started with Forex will require time and effort on your part. Forex has the largest quantity of money involved each and every day.<br /><br /><h3>
Here's What I Know About Forex</h3>
<br />Forex is simple if you simplify it. Forex is also available so one does not have to find a lowest quantity to be in a position to business. Forex is a popular abbreviation for foreign exchange, and it's typically used to refer to trading in the currency market by investors Exchange rate is the main key word to explain foreign currency trading. Forex isn't a game of chance, and therefore don't expect in order to luck into anything. Another reason why forex is a superior means to earn an additional income. Forex is an important financial market, which can experience a particular level of volatility. Therefore, if you prefer to understand how to trade Forex, you might want to register for a demo account that major Forex trading brokers offer.<br /><br />It is possible to trade in Forex whenever you want no matter the neighborhood moment. Forex is basically the currency industry. Since Forex market is so extremely liquid, the value of the currency requires to be measured in very tiny increments. Forex has emerged among the greatest trading markets on earth and is among the most lucrative too. Forex is the largest market on earth that attracts tens of thousands of new traders each day. The perfect way to learn how to participate in forex market is by practicing. You ought to make sure you're really likely to be in a position to do trading forex.<br /><br />Forex trading is one of the hardest forms of trading on the industry. Forex trading for beginners is a type of test for strength and capacity to learn. Forex Trading for Beginners A lot of people don't understand how to begin in Forex, and most beginners have a tendency to give up early in the game because of the thinking that it could be quite difficult to comprehend and they could eliminate a great deal of money with their very first run.<br /><br /><h3>
Forex Secrets That You have Know About</h3>
<br />Forex trading may be a good source of income for folks that are comfortable with the currency market, and understand how to create the majority of currency movements. Before you decide to trading in the forex market, spend at least a week learning from forex experts to make the <a href="http://www.forexcycle.com/forex-market-analysis">forex analysis</a> by yourself. Whether you have the power to take profit from Forex market in the future will be dependent on this.<br /><br />Forex trading is comparatively simple to enter. Although it seems like a hassle to most people, it is one of the easiest types of trading. In the same style, higher frequency Forex trading is the latest hype.<br /><br />Forex trading requires the trading activities in the foreign exchange market. It can make sure that you have more cash at the end of the month, but only if you are using the right type of forex course. Online Forex trading for beginners can be particularly tough.The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-37480516865947052682014-01-27T02:29:00.002+00:002014-01-27T02:30:11.824+00:00GBPUSD pulled back to 1.6474Being contained by the upper line of the price channel on 4-hour chart,
<a href="http://www.forexcycle.com/">GBPUSD</a> pulled back to 1.6474, suggesting that the upward movement from
1.6309 had completed at 1.6668 already, and consolidation of the longer
term uptrend from 1.5854 (Nov 12, 2013 low) is underway. Deeper decline
would likely be seen, and the target would be at the bottom of the
channel. On the upside, as long as the channel support holds, the
uptrend from 1.5854 could be expected to resume, and one more rise
towards 1.7000 is still possible. <br />
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<img alt="gbpusd chart" border="0" src="http://www.forexcycle.com/archive2014/20140127_gbpusd_1.png" height="300" width="400" /></div>
The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-22898633836320591882013-10-13T10:09:00.002+00:002013-10-13T10:09:51.067+00:00GBPUSD is facing trend line supportGBPUSD is facing the support of the upward trend line on daily chart, as
long as the trend line support holds, the uptrend from 1.4813 could be
expected to resume, and one more rise towards 1.6500 is still possible.
On the downside, a clear break below the <a href="http://www.forexcycle.com/technical-analysis/29274-trend-lines-resistance-and-supports.html">trend line</a> support will
indicate that the uptrend had completed at 1.6259 already, then the
following downward movement could bring price to 1.4500 zone. <br /><br />
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<img alt="gbpusd daily chart" border="0" height="300" src="http://www.forexcycle.com/archive2013/20131013_gbpusd_1.png" width="400" /></div>
The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-32719294444778656492013-06-10T02:43:00.000+00:002013-06-10T02:43:04.851+00:00USDJPY remains in downtrend from 103.73USDJPY remains in downtrend from 103.73, the rise from 94.99 is
treated as consolidation of the downtrend. Resistance is located at the
downward trend line on 4-hour chart, as long as the trend line support
holds, the downtrend could be expected to resume, and one more fall
towards 90.00 is still possible. On the upside, a clear break above the
trend line resistance will indicate that lengthier correction of the
downtrend is underway, then further rise to 100.00 – 101.00 area could
be seen.<br />
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<img alt="usdjpy" border="0" height="300" src="http://blog.forexcycle.com/wp-content/uploads/2013/06/20130610_usdjpy_1.gif" style="background-image: none; border-width: 0px; display: inline; padding-left: 0px; padding-right: 0px; padding-top: 0px;" title="usdjpy" width="400" />The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-59318603130380597822009-10-08T01:41:00.000+00:002009-10-08T01:42:53.660+00:00Daily Forex Analysis – October 8, 2009GBPUSD Analysis.<br />GBPUSD continues to trade in a range between 1.5770 and 1.6125. As long as 1.6125 resistance holds, the price action from 1.5770 is treated as consolidation of downtrend from 1.6741. Moving sideways in the range is still in favor later today. Another fall below 1.5770 would more likely be seen after consolidation, a break below 1.5770 will indicate that the downtrend has resume, then deeper decline could be seen to 1.5600 zone.<br /><br />USDCHF Analysis.<br />USDCHF’s downtrend from 1.0452 extended to 1.0237 only, the following rebound suggests that a short term cycle bottom has been formed on 4-hour chart. Consolidation above 1.0237 is expected in a couple of days. However, another fall below 1.0186 is still possible after consolidation and a break below 1.0237 will confirm the resumption of downtrend.<br /><br />USDJPY Analysis.<br />USDJPY broke below 88.24 previous low and reached as low as 88.01, suggesting that the downtrend from 97.78 (Aug 7 high) has resumed. Deeper decline is still possible in a couple of days, and next target would be at 87.50 zone. Resistance level is now at 89.40, as long as this level holds, the fall from 90.40 will continue.<br /><br /><a href="http://www.forexcycle.com/">Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com1tag:blogger.com,1999:blog-32658486.post-32972064620798191762009-10-06T02:50:00.000+00:002009-10-06T02:51:02.704+00:00Daily Forex Analysis – October 6, 2009USDJPY Analysis.<br />USDJPY stays in a trading range between 88.24 and 90.40. As long as 90.40 key resistance holds, the price action from 88.24 is treated as consolidation of downtrend from 97.78 (Aug 7 high) and deeper decline to test 87.12 (Jan 21 low) support is possible after consolidation. However, a break above 90.40 will suggest that the downtrend from 97.78 has completed at 88.24 level already, then the following uptrend will take price to 92.00 or even 94.00.<br /><br />EURUSD Analysis.<br />EURUSD breaks above 1.4673 key resistance, suggesting that a short term cycle bottom has been formed at 1.4484 level on 4-hour chart and the downtrend from 1.4843 has completed. Rise towards 1.4843 previous high is expected in a couple of days, a break above this level will indicate that the uptrend from 1.3748 (June 16 low) has resumed, then further rise could be seen to 1.5000-1.5500 area.<br /><br />GBPUSD Analysis.<br />GBPUSD continues trading in range between 1.5770 and 1.6125. Moving sideways without trend in the range is expected in a couple of days. As long as 1.6125 resistance holds, the price action from 1.5770 is treated as consolidation of downtrend from 1.6741, deeper decline towards 1.5600 area is still possible after consolidation.<br /><br /><a href="http://www.forexcycle.com/">Daily Forex Analysis</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-85205805851162660222009-10-01T02:45:00.000+00:002009-10-01T02:46:23.897+00:00Daily Forex Analysis – October 1, 2009GBPUSD Analysis.<br />GBPUSD’s rebound from 1.5770 extended further to as high as 1.6125 level, subsequent pullback could possibly be resumption of downtrend from 1.6741. Deeper decline to re-test 1.5770 previous low support is now in favor, a breakdown below this level will confirm the downside continuation, then further fall could be seen to 1.5600 area. Near term resistance remains at 1.6150, only rise above this level will indicate that the fall from 1.6741 has completed at 1.5770 level already, then the following uptrend will take price to 1.6400 zone.<br /><br />USDJPY Analysis.<br />USDJPY pulled back form 90.40 level. Range trading between 88.24 and 90.40 is now in favor and deeper decline to 88.75 would more likely be seen later today. Key support is at 88.24, a break below this level will suggest that the downtrend from 92.53 has resumed, then deeper decline to test 87.12 (Jan 21 low) long term critical support could be seen to follow. However, above 90.40 resistance will indicate that the downward trend from 92.53 has completed at 88.24 level already.<br /><br />EURUSD Analysis.<br />EURUSD may be forming a short term cycle bottom at 1.4527 level on 4-hour chart. Further rise to test 1.4724 key resistance is possible later today, a break above this level will confirm the cycle bottom and indicate that the short term downtrend from 1.4843 has completed at 1.4527 already. Near term support is at 1.4527, only fall below this level will signal deeper decline to 1.4450-1.4500 area.<br /><br /><a href="http://www.forexcycle.com/">Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-89860097846730247772009-09-30T01:46:00.000+00:002009-09-30T01:47:37.723+00:00Daily Forex Analysis – September 29, 2009GBPUSD Analysis.<br />GBPUSD remains in downward trend from 1.6741 and the rebound from 1.5770 is treated as consolidation of downtrend. Range trading between 1.5770 and 1.6150 is expected in a couple of days. As long as 1.6150 resistance holds, we’d expect downtrend to resume and further fall to 1.5600 zone is still possible after consolidation. Only rise above 1.6150 will suggest that a short term cycle bottom has been formed at 1.5770 level on 4-hour chart, and the downtrend from 1.6741 has completed.<br /><br />USDJPY Analysis.<br />USDJPY formed a short term cycle bottom at 88.24 level on 4-hour chart. Range trading between 88.24 and 90.60 is expected in a couple of days. However, the price action from 88.24 would possible be consolidation of downtrend. As long as 90.60 resistance holds, we’d expect downtrend to resume and deeper decline to test 87.12 (Jan 21 low) long term critical support is still possible after consolidation. However, a break above 90.60 resistance will indicate that downtrend from 92.53 has completed, then further rise could be seen to 91.00 or even higher.<br /><br />EURUSD Analysis.<br />EURUSD remains in downward trend from 1.4843 and the fall extends further to as low as 1.4527 level. Deeper decline is still in favor later today and target would be at 1.4500 zone. Near term resistance is at 1.4645, as long as this level holds, downtrend will continue. Key resistance is located at 1.4724, above this level will indicate that a short term cycle bottom has been formed, then rebound towards 1.4843 could be seen to follow.<br /><br /><a href="http://www.forexcycle.com/">Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-36947158627887710252009-09-28T02:21:00.000+00:002009-09-28T02:22:52.491+00:00Daily Forex Analysis – September 28, 2009EURUSD Analysis.<br />EURUSD has formed a short term cycle top at 1.4843 level on 4-hour chart. Further decline to 1.4500 zone would more likely be seen later today. Near term resistance is at 1.4724, as long as this level holds, we’d expect downtrend from 1.4843 to continue, however, a break above this level will suggest sideways consolidation between 1.4611 and 1.4843 is underway.<br /><br />USDJPY Analysis.<br />USDJPY drops sharply to as low as 88.24 level. Further fall to test 87.12 (Jan 21 low) long term critical support is possible in a couple of days. Near term resistance is at 89.50, as long as this level holds, downtrend from 92.53 will continue.<br /><br />USDCAD Analysis.<br />USDCAD broke above 1.0925 key resistance and is now in uptrend from 1.0590. Near term support is located at 1.0859, as long as this level holds, we’d expect uptrend to continue and further rise to 1.1050-1.1100 area is possible later today.<br /><br /><a href="http://www.forexcycle.com/">Daily Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-8474811748076843752009-09-24T01:59:00.000+00:002009-09-24T02:00:18.940+00:00Daily Forex Analysis – September 24, 2009USDJPY Analysis.<br />Being contained by 90.12 precious low support, USDJPY rebounded from 90.48 level. Further rise to test 92.53 resistance would more likely be seen later today, a break above this level will confirm that the fall from 97.78 has completed at 90.12 level already, then the following uptrend will take price to 94.00 zone. Near term support is at 90.48 and key support is located at 90.12, only fall below 90.12 will indicate that the downtrend from 97.78 has resumed, then deeper decline is expected to 89.00 level.<br /><br />EURUSD Analysis.<br />EURUSD is testing the support of rising trend line on 4-hour chart, a clear break below the trend line support will suggest that a short term cycle top is being formed at 1.4843 level, then pullback 1.4450 zone could be seen to follow. Near term resistance is now located at 1.4843, only rise above this level will indicate that the uptrend from 1.4177 has resumed, then the next target would be at 1.5000 zone.<br /><br />USDCAD Analysis.<br />USDCAD stays in a trading range between 1.0590 and 1.0925. Deeper decline to test 1.0590 is still possible in a couple of days, a break below this level will signal further fall towards 1.0500 zone. Key resistance is located at 1.0925, above this level will indicate that the fall form 1.1124 has completed at 1.0590 level already, and the following uptrend will take price to 1.1200 zone.<br /><br /><a href="http://www.forexcycle.com/">Forex Trading</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-61804848937219600712009-09-23T02:11:00.000+00:002009-09-23T02:12:02.647+00:00Daily Forex Analysis – September 23, 2009EURUSD Analysis.<br />EURUSD breaks above 1.4765 previous high and reaches as high as 1.4841 level. As long as the price stays above the rising trend line on 4-hour chart, we’d expect uptrend to continue and further rally is possible to 1.5000 zone in a couple of days. However, a clear break below the trend line support will suggesting that the rise from 1.4177 has completed, then pullback to test 1.4611 support could be seen to follow.<br /><br />USDCAD Analysis.<br />USDCAD trades sideways in a range between 1.0590 and 1.0925. Deeper decline is expected to test 1.0590 previous low support, a break below this level will signal further fall towards 1.0500 zone. Key resistance is located at 1.0925, above this level will indicate that the fall form 1.1124 has completed at 1.0590 level already, and the following uptrend will take price to 1.1200 zone.<br /><br />USDJPY Analysis.<br />USDJPY dropped sharply from 92.53, suggesting that a short term cycle top has been formed at 92.53 level on 4-hour chart. Consolidation in a range between 90.12 and 92.53 could be seen in a couple of day and move towards 94.00 would more likely be seen after consolidation. Near term support is at 90.12, only fall below this level will indicate that the downtrend from 97.78 has resumed, then deeper decline is expected to 89.00 level.<br /><br />Written by <a href="http://www.forexcycle.com/">ForexCycle.com</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-18841253288403334552009-09-21T03:06:00.000+00:002009-09-21T03:07:16.106+00:00Daily Forex Analysis – September 21, 2009USDJPY Analysis.<br />USDJPY is testing 91.62 key resistance, a break above this level will indicate that a short term cycle bottom has been formed at 91.12 level on 4-hour chart and indicate that the downtrend from 97.89 has completed, then further rally could be seen to 92.50-93.00 area. As long as 91.62 resistance holds, the price action from 90.20 is treated as consolidation of downtrend from 97.78 and another fall towards 89.00 is still possible after consolidation.<br /><br />GBPUSD Analysis.<br />GBPUSD drops sharply to as low as 1.6209 level. Deeper decline is still possible later today and target is to test 1.6113 previous low support, a break below this level will indicate that the uptrend from 1.3503 (Jan 23 low) has completed at 1.7042 level already. Near term resistance is at 1.6350, as long as this level holds, we’d expect downtrend from 1.6741 to continue.<br /><br />AUDUSD Analysis.<br />AUDUSD remains in uptrend from 0.8543 and the pullback from 0.8775 is treated as consolidation of uptrend. Near term support is at 0.8600, as long as this level holds, we’d expect uptrend to resume, and further rise to 0.8800 zone is possible after consolidation, and a break above 0.8775 will signal resumption of uptrend. However, below 0.8600 level will take price back to re-test 0.8543 support.<br /><br /><a href="http://www.forexcycle.com/">Forex Analysis</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-43228173552803406162009-09-17T02:22:00.000+00:002009-09-17T02:23:06.804+00:00Daily Forex Analysis – September 17, 2009USDJPY Analysis.<br />After touching 90.20 previous low, USDJPY rebounded sharply from 90.12, suggesting that a short term cycle bottom is being formed. Key resistance is now located at 91.62, a break above this level will confirm the cycle bottom and indicate that the downtrend from 97.78 has completed at 90.12 level already, then the following uptrend will take price back to 94.00 zone. Near term support is at 90.12, only fall below this level will signal deeper decline to 89.00-89.50 area.<br /><br />GBPUSD Analysis.<br />GBPUSD is now in short term downtrend from 1.6741 and the rebound from 1.6403 is more likely consolidation of downtrend. Deeper decline is in favor and target would be at 1.6250 zone. Near term resistance is at 1.6550, as long as this level holds, downtrend will continue. However, above 1.6550 will take price to range trading between 1.6403 and 1.6741.<br /><br />AUDUSD Analysis.<br />AUDUSD’s uptrend extended to as high as 0.8748 level. Further rise is now in favor and next target would be at 0.8800 zone. Initial support is at 0.8710 followed by 86.75, as long as these levels hold, uptrend from 0.8543 will continue.<br /><br /><a href="http://www.forexcycle.com/">Forex Analysis</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-34361056053938792812009-09-16T04:17:00.000+00:002009-09-16T04:18:34.509+00:00USDJPY Analysis.<br />USDJPY stays below the falling trend line from 97.78 to 93.29 and remains in downtrend, and the rebound from 90.20 is more likely consolidation of downtrend. As long as the trend line resistance holds, we’d expect downtrend to resumed and deeper decline to 89.00 is still possible after consolidation. However, a clear break above the trend line resistance will indicate that the fall from 97.78 has completed.<br /><br />GBPUSD Analysis.<br />GBPUSD broke below 1.6454 key support, suggesting that the short term uptrend form 1.6113 has completed at 1.6741 level already. Deeper decline is still possible later today and next target would be at 1.6250 zone. Near term resistance is at 1.6550, as long as this level holds, we’d expect downtrend to continue. However, above 1.6550 will take price to range trading between 1.6403 and 1.6741.<br /><br />AUDUSD Analysis.<br />AUDUSD stays in a trading range between 0.8528 and 0.8674. Pullback to 0.8450 zone to reach next short term cycle bottom is possible later today. Initial resistance is at 0.8674, above this level will indicate that the uptrend from 0.8155 has resumed, then further rally could be seen to 0.8800 zone.<br /><br />Written by <a href="http://www.forexcycle.com/">ForexCycle.com</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-28769164379508046512009-09-15T02:50:00.000+00:002009-09-15T02:51:16.141+00:00Daily Forex Analysis – September 15, 2009GBPUSD Analysis.<br />GBPUSD broke below the lower border of the rising price channel on 4-hour chart. Range trading between 1.6454 and 1.6741 is expected in a couple of days. However, the price action from 1.6741 is more likely consolidation of uptrend from 1.6113, one more rise towards 1.6900 zone is still possible after consolidation and a break above 1.6741 will signal resumption of uptrend. Key support is at 1.6454, only fall below this level will indicate that the rise from 1.6113 has completed at 1.6741 level already, then the following downtrend will take price back to re-test 1.6113 support.<br /><br />AUDUSD Analysis.<br />AUDUSD might be forming a short term cycle top at 0.8674 level on 4-hour chart. Key support is located at 0.8528, a break down below this level will confirm the cycle top. Moving sideways in a range between 0.8450 and 0.8667 would more likely be seen in a couple of days. However, the price action from 0.8674 is treated as consolidation of uptrend from 0.8155, further rise towards 0.8800 zone is still possible after consolidation.<br /><br />EURUSD Analysis.<br />EURUSD’s uptrend extends to as high as 1.4651 level. As long as 1.4515 key support holds, we’d expect uptrend from 1.4177 to continue and further rise to 1.4700-1.4800 area is possible. However, a break below 1.4515 level will indicate that a short term cycle top has been formed, then sideways consolidation could be seen to follow.<br /><br /><a href="http://www.forexcycle.com/">Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-36422202003456868252009-09-14T02:34:00.000+00:002009-09-14T02:35:45.438+00:00Daily Forex Analysis – September 14, 2009GBPUSD Analysis.<br />Being contained by the upper border of the rising price channel, GBPUSD pulled back from 1.6741 level. Deeper decline is expected to the lower border of the price channel. However the fall from 1.6741 is treated as consolidation of uptrend from 1.6113. As long as the channel support holds, we’d expect the uptrend to resume and further rise to 1.6850-1.6900 area is possible after consolidation, and a break above 1.6741 will signal resumption of uptrend.<br /><br />AUDUSD Analysis.<br />After touching 0.8667 resistance, AUDUSD pulled back from 0.8674 level, suggesting that lengthier consolidation is underway. Range trading between 0.8450 and 0.8667 is expected in a couple of days. Near term resistance is now at 0.8674, only rise above this level will signal resumption of uptrend.<br /><br />EURUSD Analysis.<br />EURUSD remains in uptrend from 1.4177. Further rise is still possible to 1.4700 zone in a couple of days. Near term support is at 1.4500 and key support is located at 1.4467, below this level will indicate that a short term cycle top has been formed on 4-hour chart, then pullback to 1.4400 could be seen to follow.<br /><br />Written by <a href="http://www.forexcycle.com/">ForexCycle.com</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-41959034123457895952009-09-11T02:44:00.000+00:002009-09-11T02:45:22.216+00:00Daily Forex Analysis – September 11, 2009AUDUSD Analysis.<br />AUDUSD might be forming a short term cycle top at 0.8667 level on 4-hour chart, key support is located at 0.8528, a break below this level will confirm the cycle top, then consolidation in a range between 0.8450 and 0.8667 could be seen to follow. However, a break above 0.8667 will indicate that the uptrend from 0.0.8239 has resumed and the next target would be at 0.8750-0.8800 area.<br /><br />EURUSD Analysis.<br />EURUSD stays above 1.4467 key support and remains in uptrend from 1.4177. Further rise to 1.4700 zone is still possible in a couple of days. Near term support is at 1.4500, as long as this level holds, we’d expect uptrend to continue. However, below 1.4467 key support will suggesting that a short term cycle top has been formed on 4-hour chart, then pullback to 1.4400 could be seen to follow.<br /><br />GBPUSD Analysis.<br />GBPUSD broke above 1.6623 resistance, suggesting that the downtrend from 1.7042 has completed at 1.6113 level already. Further rise is still possible to 1.6800 zone in a couple of days. Near term support is at the lower border of the rising price channel on 4-hour chart and key support is at 1.6454 level, only break below this level will indicate that the uptrend from 1.6113 has terminated.<br /><br /><a href="http://www.forexcycle.com/">Forex Analysis</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-64004401037878867452009-09-10T02:33:00.000+00:002009-09-10T02:34:54.456+00:00Daily Forex Analysis – September 10, 2009EURUSD Analysis.<br />EURUSD’s uptrend from 1.4177 extends to as high as 1.4599 level. Further rise is still in favor and next target would be at 1.4650-1.4700 area. Near term support is at 1.4467, as long as this level holds, uptrend will continue. However, a break below 1.4467 level will indicate that a short term cycle top has been formed on 4-hour chart, then deeper decline is expected to follow and target would be at 1.4400 zone.<br /><br />GBPUSD Analysis.<br />GBPUSD stays in a rising price channel on 4-hour chart and remains in sort term uptrend form 1.6113. As long as the channel support holds, we’d expect uptrend to continue. Key support is now located at 1.6454, below this level will suggest that a short term cycle top has been formed, then pullback to 1.6250 could be seen to follow.<br /><br />USDCAD Analysis.<br />USDCAD is forming a short term cycle bottom at 1.0673 level on 4-hour chart. Consolidation in a range between 1.0673 and 1.0900 is expected in a couple of days. Key support is now located at 1.0632, below this level will indicate that the downtrend from 1.1723 has resumed.<br /><br /><a href="http://www.forexcycle.com/">Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-43659264577826770292009-09-08T04:03:00.000+00:002009-09-08T04:04:45.060+00:00Daily Forex Analysis – September 8, 2009GBPUSD Analysis.<br />Being contained by the upper border of the falling price channel on 4-hour chart, GBPUSD pulls back from 1.6441 level, suggesting that a short term cycle top is being formed. Key support is now located at 1.6286, a break below this level will confirm the cycle top and indicate that the fall from 1.6441 is resumption of downtrend from 1.7042, then deeper decline could be seen to re-test 1.6113 previous low support.<br /><br />USDCAD Analysis.<br />After breaking below 1.0966 level, USDCAD dropped sharply to as low as 1.0740 level. Small consolidation is expected before breaking below 1.0718 previous low support. Near term resistance is at 1.0850, as long as this level holds, we’d expect downtrend from 1.1101 to continue and deeper decline could be seen to test 1.0632 key support.<br /><br />AUDUSD Analysis.<br />AUDUSD remains in uptrend from 0.8239, further rise is still possible to 0.8700 zone in a couple of days. Near term support is at 0.8500 followed by 0.8450, as long as these levels hold, we would expect uptrend to continue.<br /><br /><a href="http://www.forexcycle.com/">Forex Signal</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-56670019007121007852009-09-04T02:50:00.000+00:002009-09-04T02:52:18.930+00:00Daily Forex Analysis - September 4, 2009Being contained by 1.1124 previous high resistance, USDCAD pulled back from 1.1101 level. Sideways consolidation below 1.1124 would more likely be seen before breaking above this level. Near term support is located at 1.0966 followed by the rising trend line on 4-hour chart now at 1.0900, as long as the trend line support holds, we’d expect uptrend to resume and a break above 1.1124 resistance will signal further rally towards 1.1400 zone.<br /><br />AUDUSD Analysis.<br />AUDUSD formed a short term cycle bottom at 0.8239 level on 4-hour chart. Range trading between 0.8238 and 0.8477 is expected in a couple of days. Key support is at 0.8238, a break below this level will indicate that the uptrend from 0.7703 has completed, then pullback towards 0.7900 could be seen to follow. However, above 0.8477 will suggest that the uptrend from 0.7703 has resumed, and then further rise is expected to 0.8600 zone.<br /><br />USDJPY Analysis.<br />USDJPY stays below the falling trend line on 4-hour chart and remains in downtrend from 95.05. The rebound from 91.94 is more likely consolidation of downtrend. As long as the trend line resistance holds, we’d expect downtrend to continue. However, a clear break above the trend line resistance will suggest that a short term cycle bottom is being formed, then lengthier consolidation in a range between 91.94 and 93.42 could be seen to follow.<br /><br /><a href="http://www.forexcycle.com/">Forex Trading</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-9345712078650743672009-09-03T03:16:00.000+00:002009-09-03T03:17:20.385+00:00Daily Forex Analysis - September 3, 2009AUDUSD Analysis.<br />Being supported by 0.8238, AUDUSD rebounded from 0.8239 level. Consolidation in a range between 0.8238 and 0.8400 would more likely be seen in a couple of days. As long as 0.8477 level holds, another fall to test 0.8155 support is expected after consolidation, a break below this level will suggest that the uptrend from 0.7703 has completed at 0.8477 level already, then the following downtrend will take price back to 0.7900 zone. Key resistance is at 0.8477, above this level will indicate that the uptrend from 0.7703 has resumed, then next target would be at 0.8600-0.8700 area.<br /><br />USDJPY Analysis.<br />As expected, USDJPY drops to as low as 91.94 level. Near term resistance remains at the upper border of the falling price channel on 4-hour chart, as long as the channel resistance holds, downtrend will continue, and next target is to test 91.73 (July 13 low) support. Key resistance is now located at 93.42, only rise above this level will indicate that the downtrend from 95.05 has completed.<br /><br />GBPUSD Analysis.<br />GBPUSD is testing the resistance of the falling trend line on 4-hour chart. As long as the trend line resistance holds, we’d expect downtrend to continue. However, a clear break above the trend line resistance will indicate that the downtrend from 1.6623 has completed and further rise to 1.6460 zone could be seen to follow.<br /><br /><a href="http://www.forexcycle.com/">Daily Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-34486700542852705782009-09-01T03:46:00.000+00:002009-09-01T03:48:15.384+00:00Daily Forex Analysis - September 1, 2009AUDUSD Analysis.<br />Being contained by 0.8477 previous high resistance, AUDUSD pulled back from 0.8470 level. Sideways consolidation in a range between 0.8300 and 0.8470 would more likely be seen before breaking above 0.8477 level and another fall towards 0.8300 is expected later today. However a break of 0.8477 will suggest that the uptrend from 0.7703 has resumed, then the next target would be at 0.8600-0.8700 area.<br /><br />GBPUSD Analysis.<br />GBPUSD formed a short term cycle bottom at 1.6153 level on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a couple of days. However the price action from 1.6153 is treated as consolidation of downtrend from 1.7042, further fall towards 1.6000 is still possible after consolidation, and a break below 1.6153 will signal resumption of downtrend.<br /><br />EURUSD Analysis.<br />EURUSD is now in short term uptrend from 1.4045. Further rise to test 1.4447 is still in favor, and a break above this level will suggest that the uptrend from 1.3748 (June 16 low) has resumed, then next target could be at 1.4600-1.4700 area. Key support is at 1.4200, only fall below this level will take price back to 1.4100 zone.<br /><br /><a href="http://www.forexcycle.com/">Forex Signal</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0tag:blogger.com,1999:blog-32658486.post-25528719739591690162009-08-31T00:46:00.000+00:002009-08-31T00:47:59.129+00:00Daily Forex Analysis - August 31, 2009GBPUSD Analysis.<br />GBPUSD broke above the upper border of the price channel, suggesting that a short term cycle bottom is being formed at 1.6153 level on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a couple of days. However the price action from 1.6153 is treated as consolidation of downtrend from 1.7042, further fall towards 1.6000 is still possible after consolidation, and a break below 1.6153 will signal resumption of downtrend.<br /><br />EURUSD Analysis.<br />EURUSD broke above 1.4375 resistance last week. Further rise to re-test 1.4447 is now in favor, and a break above this level will suggest that the uptrend from 1.3748 (June 16 low) has resumed. Key support is at 1.4200, only fall below this level will take price back to 1.4100 zone.<br /><br />AUDUSD Analysis.<br />AUDUSD is testing 0.8477 previous high resistance. As long as this level holds, we’d expect downtrend to resume and pullback to 0.8250-0.8300 would more likely be seen before breaking above 0.8477 level. However a break of 0.8477 will suggest that the uptrend from 0.7703 has resumed, then the next target would be at 0.8600-0.8700 area.<br /><br /><a href="http://www.forexcycle.com/">Daily Forex Signals</a>The Walkerhttp://www.blogger.com/profile/03305485503381369893noreply@blogger.com0