GBPUSD Analysis – Oct 4, 2008
GBPUSD pulled back sharply and reached as low as 1.7551 level. Deeper decline to test 1.7047 (Dec 2005 low) could be seen in a couple of weeks. Initial resistance is located at 1.7980, only rise above this...
Month: October 2008
EURUSD Analysis – Oct 4, 2008
EURUSD breaks below 1.3881 previous low support and reaches as low as 1.3702 level. Deeper decline is now in favor, and target could be seen to 1.3000-1.3200 area. Initial resistance is now located at 1.3980 and followed...
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USDCAD Analysis – Oct 1, 2008
USDCAD rebounds sharply from 1.0297 and formed a cycle bottom on daily chart. Further rise above 1.0819 previous high is still possible in next several days. Long term key support is now located at 1.0297, a break...
USDCHF Analysis – Oct 1, 2008
USDCHF rebounds from 1.0693 level. Further rise is still possible to test 1.1416 previous high resistance. As long as this level holds, we’d expect down trend to resume and one more fall below 1.0693 is in favor....
USDJPY Analysis – Oct 1, 2008
USDJPY breaks below 103.54 previous low support and is back to down trend. Rebound from 103.49 is now treated as consolidation to down trend, and deeper decline is expected to 101.50 zone after consolidation.
AUDUSD Analysis – Oct 1, 2008
AUDUSD pulls back sharply from 0.8519 and formed a cycle top on 4-hour chart. Further fall is still possible to test 0.7802 previous low support. As long as this level holds, the fall from 0.8519 is treated...
GBPUSD Analysis – Oct 1, 2008
GBPUSD pulls back sharply from 1.8668 and formed a cycle top on daily chart. Deeper decline is still possible to test 1.7445 previous low support. As long as this level holds, we’d expect up trend to resume...
EURUSD Analysis – Oct 1, 2008
EURUSD pulls back sharply to 1.4008 level. Deeper decline is still possible to test 1.3881 previous low support in a couple of days. As long as this level holds, the fall from 1.4867 is treated as correction...