USDCAD Analysis – Sep 14, 2008
As expected, USDCAD pulled back from 1.0819 level. Further fall could be seen to 1.0500 zone in a couple of days. As long as 1.0410 support holds, we’d expect up trend to resume, and rise towards 1.1200...
Month: September 2008
USDCHF Analysis – Sep 14, 2008
USDCHF’s up trend remains and the rise from 1.0010 extends to as high as 1.1416 level. Further rise is still possible to test 1.1595 (Dec 20, 2007 high) in a couple of weeks. Initial support is now...
USDJPY Analysis – Sep 14, 2008
USDJPY traded in range between 105.52 and 109.18 for several days. Rise to test 110.66 is still in favor, and a break above 109.18 is needed to confirm the resumption of up trend. Initial support is located...
AUDUSD Analysis – Sep 14, 2008
AUDUSD rebounded from 0.7900 and is testing the resistance of the down trend line. Break of the trend line resistance will signal further rally to test the key resistance at 0.8353 level. As long as 0.8353 resistance...
GBPUSD Analysis – Sep 14, 2008
GBPUSD rebounded from 1.7445 and broke above the down trend line resistance. Sideways consolidation in a range between 1.7445 and 1.8100 is expected. As long as 1.8100 resistance holds, we’d expect down trend to resume and deeper...
EURUSD Analysis – Sep 14, 2008
EURUSD rebounded from 1.3881 level. Sideway consolidation would be seen in next several days. Initial resistance is located at 1.4400, as long as this resistance holds, we’d expect down trend to resume, and further decline is still...
USDCAD Analysis – Sep 10, 2008
USDCAD traded in a narrow range between 1.0541 and 1.0776 for several days. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart would more likely be seen before breaking above 1.0776 previous high....
USDCHF Analysis – Sep 10, 2008
USDCHF remains in up trend. Further rise is expected to test 1.1595 (Dec 20, 2007 high) in a couple of weeks. Initial support is now located at 1.1040, and key support is at 1.0842, only break of...
USDJPY Analysis – Sep 10, 2008
Being supported by the price channel, USDJPY formed a cycle bottom at 105.52 level on daily chart. Further rise above 110.66 is still in favor and a break of 109.18 level will confirm the resumption of up...
AUDUSD Analysis – Sep 10, 2008
AUDUSD’s down trend remains and the fall from 0.9849 extends further to as low as 0.7981 level. Deeper decline is still possible in a couple of weeks, and target would be at 0.7800 zone. Initial resistance is...