GBPUSD Analysis – Sep 10, 2008
GBPUSD remains in down trend, and the fall from 2.0158 extends to as low as 1.7471 level. A cycle top has been formed at 1.7974 on and further fall is still in favor in a couple of...
Month: September 2008
EURUSD Analysis – Sep 10, 2008
EURUSD’s bearish movement extends further to as low as 1.4046 level. Deeper decline is expected to 1.3500 in next several days. Initial resistance is from the down trend line on daily chart and key resistance is at...
U.S Mortgage Bailout Creates Waves among the Majors
This week could end the USD’s bullishness as the American stock markets’ values have been dropping and the financial crisis seems to continue. Over the weekend, it was announced that the US Government seized control of mortgage...
USDCAD Analysis – Sep 6, 2008
USDCAD is in consolidation to up trend. Pullback towards 1.0500 to reach next cycle bottom on daily chart is possible next week. Key support is at 1.0410, as long as this level holds, we’d expect up trend...
USDCHF Analysis – Sep 6, 2008
USDCHF’s up trend remains and the rise from 1.0010 extends further to as high as 1.1192 level. Further rally is expected to 1.1500 zone in a couple of week. Near term support is at 1.0842, only break...
USDJPY Analysis – Sep 6, 2008
USDJPY might be forming a cycle bottom at 105.52 on daily chart. Rebound to test 110.66 previous high resistance is now in favor in next several days. Initial support is at 105.52, below this level will indicate...
AUDUSD Analysis – Sep 6, 2008
AUDUSD breaks below the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low). Deeper decline is still possible to 0.7800 zone in a couple of weeks. Initial resistance is at...
GBPUSD Analysis – Sep 6, 2008
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.7537 level. Deeper decline is still possible to 1.7000-1.7200 area in a couple of weeks. Initial resistance is at the down trend...
EURUSD Analysis – Sep 6, 2008
EURUSD breaks through the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Deeper decline is expected to 1.3700-1.4000 area next week. Initial resistance is at the down...
Dollar Strengthens Amid Global Deceleration
Positive USD positions were supported by a series of events which started after the release of poor Euro-Zone fundamental data. Another help for the greenback was a drop in Oil prices as Hurricane Gustav slowly passed without...