USDCHF Analysis – September 3, 2011
USDCHF has formed a cycle top at 0.8240 on daily chart. The fall from 0.8240 is treated as consolidation of uptrend from 0.7067. Range trading between 0.7400 and 0.8240 would likely be seen in a couple of...
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USDJPY Analysis – September 3, 2011
USDJPY remains in downtrend from 85.51, the price action from 76.29 is likely consolidation of downtrend. Another rise is expected next week, and target would be at 79.00 zone. Key support is at 75.96, only break below...
AUDUSD Analysis – September 3, 2011
AUDUSD remains in uptrend from 0.9927. Further rise is still possible next week, and next target would be at 1.0900 area. Key support is at 1.0490, only break below this level will indicate that a cycle top...
GBPUSD Analysis – September 3, 2011
GBPUSD formed a cycle top at 1.6617 on daily chart. The fall from 1.6617 is now treated as resumption of downtrend. Deeper decline could be seen in a couple of weeks, and next target would be at...
EURUSD Analysis – September 3, 2011
After touching the upper border of the price channel on daily chart, EURUSD pulled back again, suggesting that lengthier consolidation of uptrend from 1.3837 is underway. Deeper decline could be seen next week, and target would be...
AUD/USD Analysis (September 2)
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
USD/CAD Analysis (September 2)
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
USD/CHF Analysis (September 2)
In our last analysis, we were expecting an extension of the decline towards 0,78 which has been reached today in a very high pace.
USD/JPY Analysis (September 2)
The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 77,70 (recent high) to confirm a bullish reversal.
GBP/USD Analysis (September 2)
With a break below its daily rising trendline yesterday, the Cable has confirmed a bearish bias thus we expect a continuation towards next key support at 1,60 (weekly bollinger band).