EURUSD Analysis – Mar 19, 2008
EURUSD’s up trend extends to as high as 1.5902. The pullback from 1.5902 suggests that the pair is forming a cycle top on daily chart. Deeper decline to 1.5000 area is expected, and a break of 1.5500...
Category: Long Term Forex Analysis
USDCAD Analysis – Mar 15, 2008
USDCAD is in consolidation to the long term down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still possible next week. Down trend will resume after consolidation and...
USDCHF Analysis – Mar 15, 2008
USDCHF’s down trend remains and drops sharply to as low as 0.9971 level. Further fall to 0.9800 area to reach the next cycle bottom is still possible next week. Key resistance is now at 1.0352, a break...
USDJPY Analysis – Mar 15, 2008
USDJPY’s down trend remains and dropped sharply to as low as 98.89. Further fall to 96.00 area to reach the next cycle bottom on daily chart is still possible next week. Key resistance is now at 103.59,...
AUDUSD Analysis – Mar 15, 2008
AUDUSD formed a cycle bottom at 0.9147 level on daily chart. Sideways consolidation in a range between 0.9147 and 0.9496 is expected next week. A break below 0.9147 will signal the resumption of the down trend, and...
GBPUSD Analysis – Mar 15, 2008
GBPUSD’s up trend remains and the rise from 1.9361 extends to as high as 2.0391. As long as the rising price channel support holds, rise to 2.0500 to reach the next cycle top on daily chart is...
EURUSD Analysis – Mar 15, 2008
EURUSD’s up trend remains and rise sharply to as high as 1.5687 level. As long as the up trend line from 1.4778 to 1.5281 support holds, rise to 1.5800 area to reach the next cycle top on...
USDCAD Analysis – Mar 12, 2008
No changed in our view, USDCAD is in consolidation to the down trend. Further rebound to test the resistance of the down trend line from 1.0378 to 1.0198 is still in favor. Down trend will resume after...
USDCHF Analysis – Mar 12, 2008
USDCHF is forming a cycle bottom and the down trend from 1.1105 might has completed at 1.0132 level, key resistance is at 1.0500, a break of this level will confirm the cycle bottom and rebound to 1.0700...
USDJPY Analysis – Mar 12, 2008
USDJPY is forming a cycle bottom at 101.41 level, key resistance is at 104.17, a break of this level will confirm the cycle bottom and consolidation to the down trend could be seen in the next two...