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Providing long term forex market analysis and trading signals. Timing the forex market.

USDJPY Analysis - Jul 23, 2008 Print E-mail

USDJPY is forming a cycle bottom at 103.76 on daily chart. Key resistance is located at 107.75, a break above this level will confirm the cycle bottom, and further rise above 108.58 previous high resistance is expected to follow. Initial support is at 103.76, only fall below this level will pull price back to 100.00 area.

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AUDUSD Analysis - Jul 23, 2008 Print E-mail

AUDUSD is in consolidation to up trend. Pullback to test the support of the up trend line from 0.9327 to 0.9475 is possible. As long as the trend line support holds, we'd expect up trend to resume, and a break of 0.9849 will signal further rally to towards 1.0000 level.

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GBPUSD Analysis - Jul 23, 2008 Print E-mail

no changed in our view, GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the trend line support holds, we'd expect up trend to resume, and one more rise to test 2.0391 (Mar 14 high) is still possible after consolidation.

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EURUSD Analysis – Jul 23, 2008 Print E-mail

EURUSD broke below the up trend line from 1.5302 to 1.5611. Deeper decline to test 1.5611 support is still possible in next few days. Initial resistance is at 1.6038, only rise above this level will signal further rally to 1.6150 level.

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USDCAD Analysis - Jul 19, 2008 Print E-mail

No changed in our view, USDCAD's down trend remains and deeper decline is expected to 0.9900 area. Key resistance is at 1.0238, a break of this level will indicate that the fall from 1.0322 has completed and up trend has resumed.

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USDCHF Analysis - Jul 19, 2008 Print E-mail

USDCHF rebounded from 1.0010 level. Further rise to 1.0400 to reach the next cycle top on daily chart is still possible next week. Initial resistance is at 1.0351 and long term key resistance is located at 1.0539, rise above 1.0539 level will indicate that the down trend from 1.0623 has completed.

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USDJPY Analysis - Jul 19, 2008 Print E-mail

USDJPY rebound sharply from 103.76 and reached 107.09 high. Moving higher to test 108.58 is still possible next week, a break of this level will signal further rally to 112.00 level. Initial support is at 103.76, only fall below this level will pull price back to 100.00 area.

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AUDUSD Analysis - Jul 19, 2008 Print E-mail

AUDUSD pulled back from 0.9849 and is forming a sideways consolidation. Near term support is at the up trend line from 0.9327 to 0.9475. As long as the trend line support holds, we'd expect up trend to resume, and a break of 0.9849 will signal further rally to towards 1.0000 level.

Read more...
 
GBPUSD Analysis - Jul 19, 2008 Print E-mail

GBPUSD is in up trend. The fall from 2.0158 is treated as consolidation to up trend. Near term support is at the uptrend line from 1.9408 to 1.9647, as long as the trend line support holds, we'd expect up trend to resume, and one more rise to test 2.0391 (Mar 14 high) is still possible in next few days.

Read more...
 
EURUSD Analysis – Jul 19, 2008 Print E-mail

EURUSD is testing the support of the up trend line from 1.5302 to 1.5611, break below the trend line support will take price back to1.5600 level. As long as the trend line support holds, we'd expect up trend to resume, and rise above 1.6038 will signal further rally to 1.6200 level.

Read more...
 
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