AUDUSD Analysis – August 1, 2009
AUDUSD remains in uptrend from 0.6248, and the rise extends to as high as 0.8365 level. Further rally to 0.8500 zone to reach the next cycle top is still possible next week. Near term support is at...
Category: Long Term Forex Analysis
GBPUSD Analysis – August 1, 2009
GBPUSD is testing 1.6743 previous high resistance, a break above this level will suggest that the uptrend from 1.3503 has resumed, then further rally could be seen to 1.7000 zone. Near term support is now at 1.6310,...
EURUSD Analysis – August 1, 2009
EURUSD has formed a cycle top at 1.4304 level on daily chart, and the rebound from 1.4007 is treated as correction of downtrend from 1.4304. Pullback towards 1.3748 previous low would more likely be seen next week...
USDCHF Analysis – July 30, 2009
USDCHF failed to test 1.0590 previous low support and rebounds from 1.0622, suggesting that the pair has formed a cycle bottom at 1.0622 level on daily chart. Further rally is expected to test 1.1021 previous high resistance,...
EURUSD Analysis – July 30, 2009
Being contained by 1.4338 previous high resistance, EURUSD pulls back from 1.4304, suggesting a cycle top has been formed on daily chart. Deeper decline is now in favor and next target is to test 1.3748 support, below...
AUDUSD Analysis – July 29, 2009
As expected, AUDUSD breaks above 0.8263 previous high resistance. Further rally to 0.8500 is still possible in next several days. Near term support is now at 0.8050, as long as this level holds, we would expect the...
USDCAD Analysis – July 28, 2009
USDCAD breaks below 1.0784 previous low. Deeper decline is still possible to 1.0400-1.0500 area in next several days. Key resistance is now at 1.1113, only rise above this level will suggest that the fall from 1.1723 has...
USDCAD Analysis – July 25, 2009
USDCAD is testing 1.0784 previous low support, a break below this level will signal deeper decline towards 1.0400-1.0500 area. Near term resistance is at 1.1150, only rise above this level will suggest that the fall from 1.1723...
USDCHF Analysis – July 25, 2009
USDCHF stayed in a trading range between 1.0590 and 1.1021 for several weeks. The pair might be forming a cycle bottom at 1.0622 level on daily chart. Key resistance is at 1.0820, a break above this level...
USDJPY Analysis – July 25, 2009
Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level, and the rise from 91.73 extends to as high as 95.29 level, suggesting that a cycle...