USDCHF Analysis – Dec 27, 2008
USDCHF formed a cycle bottom at 1.0410 level on daily chart. Consolidation in a range between 1.0410 and 1.1130 could be expected in a couple of weeks, and one more rise above 1.1130 would more likely be...
Month: December 2008
USDJPY Analysis – Dec 27, 2008
USDJPY is forming a cycle bottom at 87.13 on daily chart. Further rally is still possible to 95.00 zone in a couple of weeks. Initial support is located at 87.13, only fall below this level will signal...
AUDUSD Analysis – Dec 27, 2008
AUDUSD is forming a cycle top at 0.7140 level on daily chart. Pullback towards 0.6300 is expected in a couple of weeks. Initial resistance is located at 0.7140, only rise above this level will signal further rally...
GBPUSD Analysis – Dec 27, 2008
GBPUSD is testing 1.4466 previous low support, a break down below this level will signal deeper decline towards 1.4000 zone. As long as 1.4466 level holds, we’d expect up trend to resume, and one more rise above...
EURUSD Analysis – Dec 27, 2008
EURUSD formed a cycle top at 1.4719 level on daily chart. Consolidation in a range between 1.3825 and 1.4719 would more likely be seen next week. Initial support is now located at 1.3825, a break down below...
Weak Dollar to Continue into 2009
The weak U.S. economy continues to preoccupy investors as the economic outlook is bleak. Analysts believe that the Dollar will continue its downtrend deep into 2009, despite the recent Interest Rate cuts and stimulus packages.
Forex advantages
The foreign exchange market, commonly known as Forex, is the largest financial market in the world, with an average daily turnover of trillions of dollars. It provides a platform for individuals, businesses, and financial institutions to trade...
USDCAD Analysis – Dec 20, 2008
No changed in our view, USDCAD is forming a sideways consolidation in a range between 1.1464 and 1.3015. Deeper decline is still possible to retest 1.1464 previous low support and rebound would more likely be seen before...
USDCHF Analysis – Dec 20, 2008
USDCHF rebounds sharply from 1.0410, suggesting that a cycle bottom has been formed on daily chart. Consolidation in a range between 1.0410 and 1.1350 would more likely be seen in a couple of weeks. Near term support...
USDJPY Analysis – Dec 20, 2008
USDJPY remains in down trend. Deeper decline is still possible to 86.00 zone next week. Initial resistance is at the upper border of the price channel, as long as the channel resistance holds, we’d expect down trend...