USDCHF Analysis – July 4, 2009
USDCHF is in range trading between 1.0590 and 1.1021. Further rally is still in favor and the next target would be at 1.1200 or even higher. Key support is now at 1.0590, only fall below this level...
Category: Long Term Forex Analysis
USDJPY Analysis – July 4, 2009
USDJPY is forming a sideways consolidation in a range between 93.53 and 101.43. Fall down to re-test 93.53 key support is expected next week. A break below this level will signal deeper decline to 90.00 zone. Near...
AUDUSD Analysis – July 4, 2009
AUDUSD is testing the support of the rising trend line on daily chart, a clear break below the trend line support will signal further fall to 0.7650-0.7700 area. However, the price action from 0.8263 is more likely...
GBPUSD Analysis – July 4, 2009
After breaking above 1.6662 resistance, GBPUSD pulls back from 1.6743 level. Deeper decline is possible to test 1.5801 key support, a break down below this level will indicate that the uptrend from 1.3654 has completed at 1.6743...
EURUSD Analysis – July 4, 2009
EURUSD traded in a range between 1.3748 and 1.4338. Further fall to test 1.3748 key support is possible next week, a break below this level will signal deeper decline towards 1.3500 zone. Near term resistance is at...
USDCAD Analysis – June 27, 2009
USDCAD broke above the upper border of the falling price channel, suggesting that the downtrend from 1.3063 has completed at 1.0784 level already. Further rally to 1.1700 zone to reach the next cycle top on daily chart...
USDCHF Analysis – June 27, 2009
USDCHF breaks above 1.0986 resistance, suggesting that the downtrend from 1.1740 has completed at 1.0590 level already. Further rally is now in favor and the next target is at 1.1200, above this level will signal further rally...
USDJPY Analysis – June 27, 2009
USDJPY formed a cycle top at 98.88 level on daily chart. Falling down to re-test 93.53 key support is expected next week. A break below this level will signal deeper decline to 90.00 zone. Near term resistance...
AUDUSD Analysis – June 27, 2009
Being contained by the support of the rising trend line on daily chart, AUDUSD rebounds from 0.7789 level. Range trading between 0.7789 and 0.8263 is expected next week. However, the price action in the trading range is...
GBPUSD Analysis – June 27, 2009
GBPUSD stayed in a trading range between 1.5801 and 1.6662 for several weeks. Breaking above the trading range is expected next week. A break above 1.6662 level will indicate that the uptrend from 1.3654 has resumed, then...