AUDUSD Analysis – Feb 24, 2008
AUDUSD’s up trend remains. Further rally to test 0.9398 (Nov 7, 2007 high) is expected. Near term support is at the rising price channel, as long as the channel support holds, we’d expect up trend to continue....
Category: Long Term Forex Analysis
GBPUSD Analysis – Feb 24, 2008
Being supported by previous low at 1.9337, GBPUSD rebounds from 1.9361 level. Further rise to 1.9900 area to reach the next cycle top on daily chart is still possible, and the next cycle top in nearing, a...
EURUSD Analysis – Feb 24, 2008
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rise to test 1.4966 previous high resistance is expected, and breaking above this level to reach the next...
USDCAD Analysis – Feb 20, 2008
USDCAD broke above 1.0126 and reached as high as 1.0175 level. Further rise to test previous high resistance at 1.0378 is expected. Near term support is at the edge of the price channel, and key support is...
USDCHF Analysis – Feb 20, 2008
No changed in our view, USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is now at 1.0884 level, a break of this level will confirm the cycle top, and further fall...
USDJPY Analysis – Feb 20, 2008
USDJPY’s up trend remains. The fall from 108.59 is treated as consolidation to the up trend. Further rise to 112.50 area to reach the next cycle top on daily chart is still possible after consolidation. Key support...
AUDUSD Analysis – Feb 20, 2008
AUDUSD broke above 0.9100 and reached as high as 0.9236 level. Further rally to test previous high resistance at 0.9398 is expected. Near term support is at the up trend line from 0.8512 to 0.8922, as long...
GBPUSD Analysis – Feb 20, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rebound to 1.9900 area to reach the next cycle top on daily chart will more likely be seen before breaking below 1.9337 level. Down...
EURUSD Analysis – Feb 20, 2008
EURUSD formed a cycle bottom at 1.4438 and is now in up trend. Further rally to test previous high resistance at 1.4966 is still possible. Near term support is at 1.4600 followed by the up trend line...
USDCAD Analysis – Feb 17, 2008
USDCAD rebounded from the edge of the price channel. Further rise to 1.0750 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0126 level is needed to confirm...