USDCAD Analysis – Jul 23, 2008
USDCAD might be forming a cycle bottom at 0.9974 on daily chart and the rise could possibly be resumption of up trend. Further rebound is expected to test 1.0238 resistance, a break above this level will confirm...
Month: July 2008
USDCHF Analysis – Jul 23, 2008
USDCHF is testing 1.0351 resistance, a break above this level will signal further rebound to test 1.0539 long term key resistance, and a break of this level will indicate that the down trend from 1.0623 has completed,...
USDJPY Analysis – Jul 23, 2008
USDJPY is forming a cycle bottom at 103.76 on daily chart. Key resistance is located at 107.75, a break above this level will confirm the cycle bottom, and further rise above 108.58 previous high resistance is expected...
AUDUSD Analysis – Jul 23, 2008
AUDUSD is in consolidation to up trend. Pullback to test the support of the up trend line from 0.9327 to 0.9475 is possible. As long as the trend line support holds, we’d expect up trend to resume,...
GBPUSD Analysis – Jul 23, 2008
no changed in our view, GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the...
EURUSD Analysis – Jul 23, 2008
EURUSD broke below the up trend line from 1.5302 to 1.5611. Deeper decline to test 1.5611 support is still possible in next few days. Initial resistance is at 1.6038, only rise above this level will signal further...
USD Continues To Be Under Pressure
When glancing back at a weekly chart several months from now, one will look at the change in the market last week and consider it a normal one. The greenback ended the trading week last week virtually...
USDCAD Analysis – Jul 19, 2008
No changed in our view, USDCAD’s down trend remains and deeper decline is expected to 0.9900 area. Key resistance is at 1.0238, a break of this level will indicate that the fall from 1.0322 has completed and...
USDCHF Analysis – Jul 19, 2008
USDCHF rebounded from 1.0010 level. Further rise to 1.0400 to reach the next cycle top on daily chart is still possible next week. Initial resistance is at 1.0351 and long term key resistance is located at 1.0539,...
USDJPY Analysis – Jul 19, 2008
USDJPY rebound sharply from 103.76 and reached 107.09 high. Moving higher to test 108.58 is still possible next week, a break of this level will signal further rally to 112.00 level. Initial support is at 103.76, only...