AUDUSD Analysis – Apr 16, 2008
AUDUSD may be forming a cycle top at 0.9346 on daily chart, but a break of the key support at 0.9031 is needed to confirm the cycle top. Key resistance is at 0.9496, only rise above this...
Category: Long Term Forex Analysis
GBPUSD Analysis – Apr 16, 2008
GBPUSD is in down trend. Further fall to retest 1.9337 previous low support is still in favor. Near term resistance is now at 1.9894, as long as this resistance holds, we’d expected down trend to continue.
EURUSD Analysis – Apr 16, 2008
EURUSD breaks above 1.5902 previous high resistance and its up trend resumes. Further rise to 1.6200 area to reach the next cycle top on daily chart is now in favor. Near term support is now at the...
USDCAD Analysis – Apr 12, 2008
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. As long as 1.0326 resistance holds, we’d expect down trend to resume and deeper decline to retest 0.9709 previous low support is still in...
USDCHF Analysis – Apr 12, 2008
USDCHF is forming a sideways consolidation in a range between 0.9870 and 102.49. As long as 0.9870 support holds, we’d expected up trend to resume, and further rise to 1.0500 area to reach the next cycle top...
USDJPY Analysis – Apr 12, 2008
USDJPY is in up trend. The fall from 102.94 is treated as consolidation to the up trend. Further rally to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation....
AUDUSD Analysis – Apr 12, 2008
AUDUSD is forming a sideways consolidation in a range between 0.8953 and 0.9496. Further rebound to 0.9400 area to reach the next cycle top on daily chart is still possible in the next several days. As long...
GBPUSD Analysis – Apr 12, 2008
GBPUSD is in down trend. Deeper decline to test 1.9337 is still possible in the next several days. Near term resistance is at 1.9841 and key resistance is at 2.0049. As long as 2.0049 resistance holds, we’d...
EURUSD Analysis – Apr 12, 2008
EURUSD broke above 1.5902 and pulled back from 1.5913 level. Further rally to 1.6200 area to reach the next cycle top on daily chart is still possible after consolidation. Near term support is at 1.5510 and key...
USDCAD Analysis – Apr 9, 2008
Being contained by the price channel resistance, USDCAD pulls back from 1.0326 level. Deeper decline to retest 0.9709 previous low support is still in favor. Key resistance is located at 1.0378, only break of this level will...