USDCHF Analysis – Jul 2, 2008
USDCHF broke below 1.0147 support and reached 1.0129 level. Deeper decline could be seen to 1.0000-50 area. Key resistance is at 1.0539, only break of this level will signal resumption of long term up trend.
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USDJPY Analysis – Jul 2, 2008
No changed in our view, USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to test 102.58 support is still possible. Key resistance is located at 108.58,...
AUDUSD Analysis – Jul 2, 2008
AUDUSD broke above 0.9653 resistance and reached 0.9667 only. Key support is located at 0.9493, a break below this level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline...
GBPUSD Analysis – Jul 2, 2008
GBPUSD is in up trend. Further rise towards 2.0400 to to reach next cycle top on daily chart is now in favor. Initial support is at 1.9700, as long as this support holds, we’d expect up trend...
EURUSD Analysis – Jul 2, 2008
EURUSD is testing the previous high resistance at 1.5843, above this level we may see further rally to 1.5950. Long term resistance is located at 1.6019, rise above this level will indicate that sideways consolidation in a...
Forexpros.com Daily Analysis – 01/07/08
Today’s US Dollar Trading• USD loses ground but attempts a recovery• Stops run• Volumes moderate Overnight Preview• Two-way action likely Looking Ahead to TuesdayAll times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing Index• 10:00am USD ISM Manufacturing...
Forexpros.com Daily Analysis – 30/06/08
Overnight Asia/Europe• USD starts firm, weakens into Europe• Stops triggered on the way down• Traders report good volume Today’s Economic ReportsAll times EASTERN (-5 GMT)• 9:45am USD Chicago PMI Looking Ahead to Tuesday All times EASTERN (-5 GMT)• 10:00am USD ISM Manufacturing...
USDCAD Analysis – Jun 28, 2008
USDCAD formed a cycle top at 1.0322 level on daily chart. Sideways consolidation between 1.0000 and 1.0322 would could be seen in a couple of weeks. However, a break above 1.0322 level will indicate that long term...
USDCHF Analysis – Jun 28, 2008
USDCHF broke below the up trend line from 0.9634 to 1.0147. Deeper decline is possible to 1.0000 area in a couple of weeks. Key resistance is at 1.0539, only break of this level will signal resumption of...
USDJPY Analysis – Jun 28, 2008
USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to 104.00 area could be seen next week. Key resistance is located at 108.58, only rise above this...