USDCAD Analysis – Apr 5, 2008
USDCAD broke below 1.0094 key support and formed a cycle top at 1.0326 on daily chart. The up trend from 0.9709 has completed and deeper decline to retest 0.9709 support could be seen in a couple of...
Month: April 2008
USDCHF Analysis – Apr 5, 2008
USDCHF is in up trend, as long as 0.9870 support holds, we’d expected up trend to continue and further rally to 1.0400 area to reach the next cycle top on daily chart is still in favor, and...
USDJPY Analysis – Apr 5, 2008
Being contained by 103.59 resistance, USDJPY pulls back from 102.94. As long as 98.55 key support holds, we’d expect up trend to resume and further rise to 105.00 area to reach the next cycle top on daily...
AUDUSD Analysis – Apr 5, 2008
AUDUSD is testing 0.9252 resistance, and further rise to 0.9400 area to reach the next cycle top on daily chart could be seen if 0.9252 resistance gives way. However, rebound from 0.8953 is treated as correction to...
GBPUSD Analysis – Apr 5, 2008
GBPUSD is in down trend. Rebound from 1.9736 is treated as consolidation to the down trend. Further fall to test 1.9337 previous low support is still in favor after consolidation. As long as 2.0193 resistance holds, we’d...
EURUSD Analysis – Apr 5, 2008
EURUSD traded in a range between 1.5342 and 1.5902 for 3 weeks. Pullback to retest 1.5342 key support would more likely be seen next week and a break of this level will signal the reversal to the...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD two-sided and volatile• Ends New York mixed• ADP data fails to inspire Overnight Preview • Look for more two-way action, traders expect stops to be tagged• Technical trade likely as news will...
Forexpros Daily Analysis
Today’s US Dollar Trading • USD rallies hard on stops and new buying• ISM data better than expected Overnight Preview • Follow-through likely but two-way action could result• Big day for GBP Wednesday Looking Ahead • 7:15 AM...
USDCAD Analysis – Apr 2, 2008
USDCAD is testing 1.0378 previous high resistance, consolidation will more likely be seen before break above this level. Key support is now located at 1.0094, a break of this level will indicate that the up trend from...
USDCHF Analysis – Apr 2, 2008
USDCHF rebounds from 0.9870, as long as this level holds, we’d expected up trend to continue and further rally to 1.0450 area to reach the next cycle top on daily chart is possible, and a break of...