USDCHF Analysis – Feb 9, 2008
USDCHF is moving to the next cycle top on daily chart, further rise towards 1.1150 area is still possible next week, and the next cycle top is nearing. Key support is at 1.0729, a breakdown below this...
Month: February 2008
USDJPY Analysis – Feb 9, 2008
USDJPY formed a cycle bottom on daily chart, and the fall from 114.77 has completed at 104.96 level. Rebound towards 112.50 area to reach the next cycle top on daily chart could be expected, and a break...
AUDUSD Analysis – Feb 9, 2008
AUDUSD is in up trend. The fall from 0.9100 is treated as consolidation to the up trend. Further rise towards 0.9398 previous high could still be seen after consolidation, and a break above 0.9100 level will confirm...
GBPUSD Analysis – Feb 9, 2008
GBPUSD is testing the previous low support at 1.9337. Rebound to 1.9800 area to reach the next cycle top on daily chart is expected if 1.9337 support holds, and further fall towards 1.9000 area could be seen...
EURUSD Analysis – Feb 9, 2008
EURUSD is forming a sideways consolidation in a range between 1.4309 and 1.4966. Further pullback to the up trend line from 1.4309 to 1.4365 to reach the next cycle bottom on daily chart could still be seen...
About Forex Technical Analysis
Forex or Foreign Exchange is the largest international market for trading of foreign currencies between large banks, money speculators, financial institutions, multinational corporations and government. The market essentially is a reflection of how international currencies fare against...
USDCAD Analysis. Feb 6, 2008
USDCAD is in consolidation to the up trend, and the consolidation might be completed at 0.9871 level, further rebound towards 1.0378 is now in favor, and a break above 1.0118 level will confirm such case. Key support...
USDCHF Analysis. Feb 6, 2008
USDCHF rebounded sharply from 1.0729 level. Further rise towards 1.1150 area to reach the next cycle top on daily chart is still possible in the next several days, and the next cycle top is nearing. However, the...
USDJPY Analysis. Feb 6, 2008
USDJPY might be forming a cycle bottom at 104.96 on daily chart. However, a break of the key resistance at 107.91 is needed to confirm the cycle bottom. Up trend will resume if 107.91 gives way, and...
AUDUSD Analysis. Feb 6, 2008
AUDUSD is in up trend, the rise from 0.8512 extended to as high as 0.9100, and the fall from 0.9100 is treated as consolidation to the up trend. Further rise towards 0.9398 previous high could still be...