GBPUSD Analysis – May 30, 2009
GBPUSD continues moving bullish and the rise from 1.4397 extends to as high as 1.6197 level. Further rally could be seen to 1.6600-1.6700 area next week. Near term support is at 1.5750 followed by 1.5500, as long...
Category: Long Term Forex Analysis
EURUSD Analysis – May 30, 2009
EURUSD stays above the rising trend line on daily chart and remains in uptrend form 1.2884. Further rally to towards 1.4500 is expected next week. Initial support remains at the rising trend line and key support is...
USDCAD Analysis – May 23, 2009
USDCAD remains in downtrend from 1.3063. More quick moves towards 1.0700 is expected in a couple of weeks. Initial resistance remains at the falling trend line from 1.2504 to 1.1813. As long as the trend line resistance...
USDCHF Analysis – May 23, 2009
USDCHF remains in downtrend from 1.1740. As long as the falling trend line on daily chart resistance holds, we’d expect the downtrend to continue and deeper decline is possible to 1.0500 level in a couple of weeks....
USDJPY Analysis – May 23, 2009
USDJPY’s downtrend from 101.43 extends further to as low as 93.85 level. Deeper decline to test 93.53 long term key support is expected next week. A break down below this level will indicate that a cycle top...
AUDUSD Analysis – May 23, 2009
AUDUSD stays above the rising trend line on daily chart and remains in uptrend from 0.6284. However, the price action from 0.7709 is more likely consolidation of the uptrend. Pullback to test 0.7449 support would more likely...
GBPUSD Analysis – May 23, 2009
GBPUSD remains in uptrend from 1.4397. Further rally is still in favor next week and target is at 1.6300-1.6500 area. Near term support is at 1.5500, as long as this level holds, we’d expect the uptrend to...
EURUSD Analysis – May 23, 2009
EURUSD remains in uptrend from 1.2884. Further rally is expected to 1.4150-1.4200 area next week. Initial support is at 1.3800, and followed by the rising trend line on daily chart now at 1.3590. As long as the...
USDCAD Analysis – May 21, 2009
USDCAD breaks below 1.1464 (Nov 5, 2008 low) long term key support, suggesting that a cycle top has been formed at 1.3063 on weekly chart. Further fall is now in favor, and the next target is at...
USDCHF Analysis – May 21, 2009
USDCHF breaks below 1.0977 support, suggesting that the downtrend from 1.1740 has resumed. Deeper decline is now in favor and the next target is at 1.0600-1.0800 area. Initial resistance is at the falling trend line on daily...