GBPUSD Analysis – April 21, 2009
GBPUSD breaks below the support of the rising trend line from 1.3654 to 1.4110, suggesting that a cycle top has been formed at 1.5066 level on daily chart and the rise from 1.3654 has completed. Further fall...
Category: Long Term Forex Analysis
USDCAD Analysis – April 18, 2009
USDCAD breaks below 1.2191 support, suggesting that the medium term downtrend from 1.3063 has resumed. Deeper decline is still possible next week and the target is to test 1.1761 previous low support. Key resistance is now at...
USDCHF Analysis – April 18, 2009
USDCHF formed a cycle bottom at 1.1159 on daily chart and the rebound from 1.1159 extends to as high as 1.1687 level. Further rally is still possible next week, and target would be at 1.8000 zone. However,...
USDJPY Analysis – April 18, 2009
USDJPY remains in uptrend and the fall from 101.43 is treated as consolidation of the uptrend. Further rise is still possible to 105.00 zone. Near term support is at the rising trend line from 87.12 to 93.53,...
AUDUSD Analysis – April 18, 2009
AUDUSD remains in uptrend from 0.6284. Further rise is still possible to 0.7500 next week. Near term support is at 0.7032 and key support is at 0.6768, only fall below 0.6768 level will indicate that the rise...
GBPUSD Analysis – April 18, 2009
GBPUSD stays above the rising trend line from 1.3654 to 1.4110, and remains in uptrend from 1.3654. As long as the trend line support holds, further rise is in favor. The next target would be at 1.5300-1.5400...
EURUSD Analysis – April 18, 2009
EURUSD breaks below 1.3089 support and the fall from 1.3738 extends further to as low as 1.3017 level. Deeper decline is expected to 1.2750 or even lower. As the next cycle bottom is nearing, rebound would more...
AUDUSD Analysis – April 14, 2009
AUDUSD breaks above 0.7267 resistance. Further rise is still possible and the next target would be at 0.7800-0.8000 area. Initial support is at 0.7032, as long as this level holds, we’d expect the uptrend from 0.6284 to...
EURUSD Analysis – April 14, 2009
EURUSD might be forming a cycle bottom at 1.3089 on daily chart. Key resistance is located at 1.3582, a break above this level will confirm the cycle bottom, and then further rally could be seen to 1.4350-1.4400...
USDCAD Analysis – April 11, 2009
USDCAD is testing the support of 1.2191. As long as the pair stays above this level, we’d expect range trading between 1.2191 and 1.2714 to continue. However, a break down below 1.2191 level will signal deeper decline...