Short Term Analysis
USDCAD formed a short term cycle bottom at 1.0036
Fri, May 2 2008, 02:05 GMT
by Franco Shao
ForexCycle.com
USDCAD formed a short term cycle bottom at 1.0036 level on 4-hour chart. Further rally to retest 1.0326 (Apr 1 high) key resistance is expected, and a break of this level will signal resumption of the long term up trend.

Published on
Fri, May 2 2008, 02:09 GMT
Archive
- AUDUSD is forming a symmetrical triangle pattern
Published On Fri, May 16 2008, 00:38 GMT
- GBPUSD rebounds from 1.9363 level
Published On Thu, May 15 2008, 02:09 GMT
- USDJPY formed a short term cycle bottom at 102.58
Published On Wed, May 14 2008, 00:26 GMT
- USDJPY is forming a short term cycle bottom
Published On Mon, May 12 2008, 23:58 GMT
- EURUSD formed a short term cycle bottom at 1.5284
Published On Mon, May 12 2008, 01:24 GMT
[ View All ]
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.
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.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
Risk Disclosure: 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 invest in 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.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.