USDJPY Analysis – Sep 3, 2008
USDJPY is in consolidation to up trend. Deeper decline is still possible to test the support of the up trend line from 95.77 (Mar 17 low) to 103.76, now at 107.10 level. Key resistance is at 110.66,...
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AUDUSD Analysis – Sep 3, 2008
AUDUSD’s down trend extends further to as low as 0.8269 level. Further fall to test the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low), now at 0.8195 level. If...
GBPUSD Analysis – Sep 3, 2008
GBPUSD drops sharply to as low as 1.7782 level. Deeper decline is still possible to 1.7500 in next few days. Initial resistance is at 1.8130 followed by 1.8365. As long as 1.8365 level holds, we’d expect down...
EURUSD Analysis – Sep 3, 2008
EURUSD is test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Breaking below the trend line support will signal deeper decline towards 1.4000 zone. If the...
Set Your Positions Ahead Of a Loaded Fundamental News Week
Low Volatility Expected In Observance of U.S Labor Day. Last week, the USD went through some choppy waters while showing mixed results against the majors. The greenback gained a respectable 100 pips versus the EUR closing at...
USDCAD Analysis – Aug 30, 2008
USDCAD traded in range between 1.0410 and 1.0727. As long as 1.0727 resistance holds, lengthier consolidation would take price back towards 1.0260 1.0350 area. Key resistance is at 1.0727, rise above this level could signal resumption...
USDCHF Analysis – Aug 30, 2008
USDCHF traded in range between 1.0842 and 1.1084 for several days. As long as 1.0842 support holds, we’d expect up trend to resume, and further rise is possible to 1.1200 level. However, a break below 1.0842 key...
USDJPY Analysis – Aug 30, 2008
USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart is now in favor. On the other side, a break above 110.66...
AUDUSD Analysis – Aug 30, 2008
AUDUSD is in down trend, and rebound from 0.8493 is treated as consolidation to down trend. Further fall is still possible to 0.8400 level after consolidation. Key resistance is now located at 0.8812, break above this level...
GBPUSD Analysis – Aug 30, 2008
GBPUSD’s down trend from 2.0158 extends further to as low as 1.8173 level. Deeper decline is still possible to 1.8000 next week. Key resistance is located at 1.8794, a break of this level level will indicate that...