EURUSD Analysis – April 4, 2009
EURUSD formed a cycle top at 1.3738 level on daily chart. Range trading between 1.2950 and 1.3738 could be seen in a couple of weeks. The price action from .3738 is more likely consolidation of the uptrend...
Category: Long Term Forex Analysis
USDJPY Analysis – April 3, 2009
USDJPY breaks above 99.67 previous high resistance, suggesting that the medium term uptrend from 87.12 has resumed. Further rise is now in favor and the next target would be at 105.00 zone. Near term support is at...
AUDUSD Analysis – April 3, 2009
AUDUSD breaks above 0.7092 level. Further rise to test the long term resistance at 0.7267 could be seen. A break above this level will signal further rise towards 0.7500. Key support is now at 0.6768, only fall...
GBPUSD Analysis – April 3, 2009
GBPUSD is testing the resistance of 1.4779, a break above this level will indicate that the rise from 1.3654 has resumed and then further rally could be seen to 1.5300 zone. Near term support is located at...
AUDUSD Analysis – Mar 31, 2009
As expected, AUDUSD breaks below previously mentioned key support of 0.6780 and has formed a cycle top at 0.7092 level on daily chart. Further pullback is now in favor and the next target would be at 0.6500...
GBPUSD Analysis – Mar 31, 2009
GBPUSD pulls back to 1.4110 level, suggesting that a cycle top has been formed at 1.4779 on daily chart. Consolidation in a range between 1.3900 and 1.4779 would more likely be seen. However, one more rise is...
USDCAD Analysis – Mar 28, 2009
USDCAD remains in downtrend from 1.3063. The rebound from 1.2191 is treated as consolidation of the downtrend. Deeper decline is still possible to 1.2000 zone after consolidation. Near term resistance is at 1.2500, above this level will...
USDCHF Analysis – Mar 28, 2009
USDCHF formed a cycle top at 1.1963 level on daily chart and is now in medium term downtrend. The rebound from 1.1159 is treated as consolidation of the downtrend. Deeper decline is possible to 1.0800 zone in...
USDJPY Analysis – Mar 28, 2009
As expected, USDJPY formed a cycle bottom at 93.53 level on daily chart. Range trading between 93.53 and 99.67 would more likely be seen in a couple of weeks. However, the price action from 99.67 is treated...
AUDUSD Analysis – Mar 28, 2009
AUDUSD might be forming a cycle top at 0.7092 on daily chart. Key support is located at 0.6780, a clear break below this level will confirm the cycle top and then deeper decline could be seen to...