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Long Term Forex Market Analysis
Providing long term forex market analysis and trading signals. Timing the forex market.

GBPUSD Analysis - Aug 16, 2008 Print E-mail

GBPUSD is in down trend and the fall from 2.0158 extends further to as low as 1.8512 level. Deeper decline towards 1.8200 could still be seen next week. Initial resistance is now at 1.8900, as long as the pair stays below this level, we'd expect down trend to continue.

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EURUSD Analysis – Aug 16, 2008 Print E-mail

EURUSD's down trend from 1.6038 extends to 1.4660 level. Further fall towards 1.4500 is in favor next week. Initial resistance is located at 1.4985, only rise above this level will signal consolidation to down trend.

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USDCAD Analysis - Aug 13, 2008 Print E-mail

USDCAD's up trend remains and the rise from 0.9974 extended to 1.0727 level. Further rise towards 1.1000 is still possible next week. Initial support is now located at 1.0550, as long as this level holds, we'd expect up trend to continue.

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USDCHF Analysis - Aug 13, 2008 Print E-mail

USDCHF's up trend remains, and the rise from 1.0010 extends to as high as 1.0924 level. Further rise towards 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0700, only fall below this level will signal consolidation to up trend.

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USDJPY Analysis - Aug 13, 2008 Print E-mail

USDJPY is in up trend. The fall from 110.40 is treated as consolidation to up trend. Key support is located at 107.28, as long as this support holds, we'd expect up trend to resume, and further rise towards 112.00 to reach next cycle top on daily chart is still possible after consolidation. However, a break below 107.28 key support will indicated that a cycle top has been formed at 110.40 level on daily chart, and the rise from 103.76 has completed, and then deeper decline towards 103.76 previous low could be expected to follow.

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AUDUSD Analysis - Aug 13, 2008 Print E-mail

AUDUSD dropped sharply from 0.9849 to as low as 0.8666 level. Further fall to test 0.8512 (Jan 22 low) support is possible in next few days. Initial resistance is located at 0.8955 level, and as long as this resistance holds, we'd expect down trend to continue.

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GBPUSD Analysis - Aug 13, 2008 Print E-mail

GBPUSD's down trend remains and the fall from 2.0158 extends further to as low as 1.8952 level. Deeper decline towards 1.8600 is still possible in a couple of weeks. Initial resistance is now located at 1.9250, as long as the level holds, down trend will continue.

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EURUSD Analysis – Aug 13, 2008 Print E-mail

EURUSD's down trend remains and the fall from 1.6038 extends further to 1.4815 level. Consolidation would more likely be seen in a couple of days, and deeper decline to 1.4500 is still possible after consolidation. Initial resistance is at 1.5100, as long as this resistance holds, we'd expect down trend to continue.

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USDCAD Analysis - Aug 9, 2008 Print E-mail

USDCAD's up trend remains and the rise from 0.9974 extended to 1.0696 level. Further rise towards 1.1000 is still possible next week. Initial support is located at 1.0500, as long as this level holds, we'd expect up trend to continue.

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USDCHF Analysis - Aug 9, 2008 Print E-mail

USDCHF broke above 1.0623 (May 8 high) previous high resistance and reached as high as 1.0835 level. Further rise to 1.1200 level is still possible in a couple of weeks. Initial support is located at 1.0600, only fall below this level will signal consolidation to up trend.

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