Short Term Analysis

0

0
AUDUSD stays below 0.8403 resistance
Tue, Sep 9 2008, 01:05 GMT
by Franco Shao
ForexCycle.com
AUDUSD stays below 0.8403 resistance and pulled back from 0.8353 level. Consolidation in a range between 0.8029 and 0.8403 would more likely be seen in a couple of days. Key resistance is now located at 0.8353, a break of this level will signal reversal to down trend, and then subsequent rebound could be seen to test 0.8693 resistance. However, below 0.8029 will take price back to down trend, and target would be at 0.7500 zone.

Published on
Tue, Sep 9 2008, 01:09 GMT
Archive
- GBPUSD rebounded from 1.6460 level
Published On Tue, Nov 24 2009, 01:41 GMT
- USDJPY stays in a falling price channel
Published On Mon, Nov 23 2009, 03:17 GMT
- USDJPY remains in downtrend from 92.32
Published On Fri, Nov 20 2009, 02:49 GMT
- USDCAD stays in a trading range
Published On Thu, Nov 19 2009, 02:54 GMT
- USDCAD broke above the falling price channel
Published On Wed, Nov 18 2009, 01:58 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.
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.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.