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329
« on: February 15, 2010, 11:17:01 pm »
After breaking below 1.3585 previous low, EURUSD traded in a narrow range. Deeper decline is still in favor and next target would be at 1.3400 area. Resistance is at the upper border of the falling price channel on 4-hour chart and key resistance is at 1.3838, a break above this level will indicate that the fall from 1.4579 has completed at 1.3531 already, then the following bounce could take price back to 1.4000 or even higher.
http://blog.forexcycle.com/wp-content/uploads/2010/02/20100216_eurusd_1.gif
331
« on: February 15, 2010, 11:15:29 pm »
USDJPY is testing the resistance of the falling price channel. A clear break above the channel resistance could indicate that the fall from 93.75 has completed at 88.57 level, then the following uptrend could take price back to 92.00 area. As long as the channel resistance holds, we’d expect downtrend to resume and one more fall towards 88.00 is still possible.
http://blog.forexcycle.com/wp-content/uploads/2010/02/20100216_usdjpy_1.gif
332
« on: February 15, 2010, 11:14:38 pm »
GBPUSD traded in a narrow range between 1.5534 and 1.5763. However, the price action in the range is treated as consolidation of downtrend from 1.6456. One more fall towards 1.5400-1.5500 area is still possible after consolidation and a breakdown below 1.5534 could signal resumption of downtrend. http://blog.forexcycle.com/wp-content/uploads/2010/02/20100216_gbpusd_1.gif
334
« on: February 15, 2010, 11:12:52 pm »
USDCHF stays in a rising price channel on 4-hour chart and remains in uptrend from 1.0132. Further rally is still in favor and next target would be at 1.0900 area. Support is at the lower border of the channel, only a clear break below the channel support could indicate that the rise from 1.0132 has completed. http://blog.forexcycle.com/wp-content/uploads/2010/02/20100216_usdchf_1.gif
341
« on: February 12, 2010, 06:42:58 am »
We expect that the trend is expected for today's bearish, and will test the level of fracture, which currently rising to 89.95 before the resumption of the decline which reside objectives ranging from 88.50 and then 87.75. The stability of the closure of four hours without a 90.30 important to preserve the chances of achieving these expectations. http://www.fxcbs.com/newsletter/images/USDJPY.gif
342
« on: February 12, 2010, 06:42:18 am »
Sterling against the U.S. dollar collided with the resistance level of 1.5705 which is an obstacle to completing the uptrend, Stochastic appears saturated in the procurement process which may lead the pair to fluctuate before the break of this level and rise to the first target 1.5800.
http://www.fxcbs.com/newsletter/images/GBPUSD.gif
343
« on: February 12, 2010, 06:41:41 am »
Determined indicators show positive signs which may lead the pair euro against the U.S. dollar to achieve new highs during the trading today , and if we note the candle four hours close over the level support at 1.3600, this expectations need a attention to economic data emanating from the euro zone today http://www.fxcbs.com/newsletter/images/EURUSD.gif
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