USDCHF Analysis – Apr 26, 2008
USDCHF breaks above this price channel resistance and up trend resumes. Further rally to 1.0600 area to reach the next cycle top on daily chart is expected in the next several days. Key support is at 0.9870,...
Category: Long Term Forex Analysis
USDJPY Analysis – Apr 26, 2008
USDJPY breaks above 104.64 and up trend resumes. Further rally to 107.00 area is possible next week. Initial support is at 102.67, as long as this level holds, up trend will continue. Key support is at 100.02,...
AUDUSD Analysis – Apr 26, 2008
AUDUSD broke above 0.9496 previous high and pulled back from 0.9541. Further fall to test 0.8953 previous low support is still possible, and a break of 0.9205 level will confirm such case. Key resistance is at 0.9541,...
GBPUSD Analysis – Apr 26, 2008
GBPUSD traded in a range between 1.9599 and 2.0193 for several weeks and is in consolidation to the down trend. As long as 2.0193 resistance holds, we’d expect down trend to resume and deeper decline to test...
EURUSD Analysis – Apr 26, 2008
EURUSD formed a cycle top at 1.6019 and dropped sharply to as low as 1.5554. Deeper decline is possible to retest 1.5342 long term key support after consolidation, a break of this level will signal the reversal...
USDCAD Analysis – Apr 23, 2008
USDCAD is in down trend. Further fall to test 0.9709 previous low support is still in favor and a break of 0.9987 level will confirm such case. Key resistance is at 1.0378, only break of this level...
USDCHF Analysis – Apr 23, 2008
USDCHF is forming a sideways consolidation. Deeper decline to test the price channel support could be seen. As long as 0.9870 support holds, we’d expect up trend to resume and further rise towards 1.0500 area to reach...
USDJPY Analysis – Apr 23, 2008
USDJPY might be forming a cycle top at 104.64 on daily chart. Initial support is at the rising price channel and key support is at 100.02, a break of this level will confirm the cycle top and...
AUDUSD Analysis – Apr 23, 2008
AUDUSD breaks above 0.9496 previous high. Further rise to 0.9600 area to reach the next cycle top on daily chart is still possible in the next several days. Near term support is at the up trend line...
GBPUSD Analysis – Apr 23, 2008
No changed in our view, GBPUSD is in down trend. Rebound from 1.9599 is treated as correction to the down trend. Further rise to test the price channel resistance is still possible in a couple of days....