Search
Long Term Forex Analysis
0
0
USDCAD broke above 1.0378 long term resistance
Wed, Aug 6 2008, 02:32 GMT
by Franco Shao
USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days. Initial support is at 1.0320 and followed by 1.0200 level. As long as 1.0200 level holds, we'd expect up trend to continue.
For long term analysis, USDCAD broke above 1.0322 key resistance and formed a long term cycle bottom at 0.9818 level on weekly chart. Further rise towards 1.0750 to reach next cycle top is now in favor.
Published on Wed, Aug 6 2008, 02:54 GMT
Archive
- EURUSD moved without trend in a range
Published On Sun, Nov 30 2008, 03:35 GMT - USDJPY trades in range between 90.92 and 100.54
Published On Sat, Nov 22 2008, 13:19 GMT - GBPUSD stays below the down trend line
Published On Sat, Nov 15 2008, 06:19 GMT - AUDUSD formed a cycle top at 0.7014
Published On Thu, Nov 13 2008, 02:33 GMT - EURUSD traded in a range between 1.2329 and 1.3290
Published On Sat, Nov 8 2008, 14:21 GMT
ForexCycle.com
| China
http://www.forexcycle.com/ | info@forexcycle.com
Legal disclaimer and risk disclosure
Investment and trading decisions are solely your responsibility. None of the ForexCycle.com newsletters or web site materials should be interpreted as a recommendation or solicitation to take any short or long positions, or to take any specific action.Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.