EURUSD Analysis – June 27, 2009
No changed in our view, EURUSD has formed a cycle top at 1.4338 level on daily chart. Drop to test 1.3748 support is expected next week, a break down below this level will signal deeper decline to...
Category: Long Term Forex Analysis
USDCAD Analysis – June 20, 2009
USDCAD is moving to the next cycle top on daily chart. Further rebound to 1.1500 is still possible next week. However, the next cycle top is nearing, and the pair could be topping at 1.1448 level. Key...
USDCHF Analysis – June 20, 2009
USDCHF traded in a range between 1.0590 and 1.0986 for several weeks. Further rebound to 1.1200 would more likely be seen. However, the price action from 1.0590 is treated as consolidation of downtrend from 1.1963 and another...
USDJPY Analysis – June 20, 2009
USDJPY has formed a cycle top at 98.88 level on daily chart. Moving lower to test 93.85 support is expected, a break down below this level will signal deeper decline to 90.00 zone. Near term resistance is...
AUDUSD Analysis – June 20, 2009
AUDUSD stays in a trading range between 0.7827 and 0.8263. The price action in the trading range is treated as consolidation of uptrend from 0.6284. One more rise towards 0.8500 would more likely be seen after consolidation...
GBPUSD Analysis – June 20, 2009
GBPUSD stays in a trading range between 1.5801 and 1.6662. The price action in this range is more likely consolidation of uptrend from 1.3654. Further rally is still possible after consolidation and a break above 1.6662 level...
EURUSD Analysis – June 20, 2009
EURUSD has formed a cycle top at 1.4338 level on daily chart. Further fall is now in favor and the next target would be at 1.3500 zone. Near term resistance is at the falling trend line on...
EURUSD Analysis – June 16, 2009
EURUSD breaks below 1.3793 key support, suggesting that a cycle top has been form at 1.4338 level on daily chart and the uptrend from 1.2884 has completed. Deeper decline is now in favor and first target would...
USDCAD Analysis – June 13, 2009
USDCAD is forming a cycle top at 1.1289 level on daily chart. As long as 1.1289 resistance holds, we’d expect the downtrend to resume and further fall towards 1.0400 zone is possible. However, above 1.1289 level will...
USDCHF Analysis – June 13, 2009
USDCHF is forming a cycle top at 1.0986 level on daily chart. Range trading between 1.0590 and 1.0986 is expected next week. A break below 1.0590 key support will confirm the cycle top and signal resumption of...