GBPUSD Analysis. Jan 26, 2008
GBPUSD broke above the down trend line from 2.1161 to 2.0830. Correction to the down trend can be seen next week. However, down trend will resume after correction, and a break below 1.9337 previous low will signal...
Month: January 2008
EURUSD Analysis. Jan 26, 2008
No changed in our view, EURUSD is forming a symmetrical triangle pattern, and sideways consolidation in a range between 1.4309 and 1.4966 may be seen next week. Near term support is at the up trend line from...
USDCAD Analysis. Jan 23, 2008
No changed in our view, USDCAD broke above 1.0248 previous high and reached as high as 1.0378 level. Further rally towards 1.0750 area is expected. Near term support is at 1.0124, as long as this support holds,...
USDCHF Analysis. Jan 23, 2008
USDCHF formed a cycle bottom at 1.0836 on daily chart. Consolidation to the down trend may be expected in the next several days. Down trend will resume after consolidation, and a breakdown below 1.0836 is needed to...
USDJPY Analysis. Jan 23, 2008
USDJPY’s down trend remains. The fall from 114.77 extended to as low as 105.60, and further fall towards 105.00 area to reach the next cycle bottom on daily chart is still possible after consolidation. Near term resistance...
AUDUSD Analysis. Jan 23, 2008
AUDUSD broke below 0.8551 previous low and rebounded sharply from 0.8512, further rise to test the resistance at 0.9018 previous high is still possible, and a break above 0.8818 (high of this week) level will signal the...
GBPUSD Analysis. Jan 23, 2008
GBPUSD’s down trend remains, the fall from 1.1161 extended to as low as 1.9337, and the rebound from 1.9337 is treated as consolidation to the down trend. Further decline towards 1.9200 area to reach the next cycle...
EURUSD Analysis. Jan 23, 2008
EURUSD formed a sideways consolidation in a range between1.4309 and 1.4966 to the up trend. It will move without trend in this range until the next cycle bottom on daily chart appears. Symmetrical triangle pattern will more...
USDCAD Analysis. Jan 20, 2008
As expected, USDCAD broke above 1.0248 previous high and reached as high as 1.0307 level. Further rally towards 1.0750 area is expected. Near term support is at 1.0124, as long as this support holds, up trend will...
USDCHF Analysis. Jan 20, 2008
USDCHF broke below 1.0890 previous low and reached as low as 1.0836. Further fall towards 1.0600 is still possible next week. Near term resistance is at 1.1086 and followed by 1.1189, as long as 1.1189 resistance holds,...