USDCHF Analysis – October 1, 2011
USDCHF stays above a uptrend line on daily chart, and remains in uptrend from 0.7067. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 0.9500 area,...
Month: October 2011
USDJPY Analysis – October 1, 2011
USDJPY traded in a narrow range between 75.96 and 77.85 for several weeks. Another fall to test 75.96 previous low support could be expected next week, a breakdown below this level will signal resumption of the downtrend...
AUDUSD Analysis – October 1, 2011
AUDUSD has formed a cycle bottom at 0.9622 on daily chart. However, the rise is treated as consolidation of downtrend from 1.0764, another fall is still possible after consolidation, and a breakdown below 0.9622 could signal resumption...
GBPUSD Analysis – October 1, 2011
GBPUSD has formed a cycle bottom at 1.5327 on daily chart. The rise from 1.5327 is treated as consolidation of downtrend from 1.6617. Range trading between 1.5327 and 1.5800 would likely be seen next week. Downtrend could...
EURUSD Analysis – October 1, 2011
EURUSD remains in downtrend from 1.4548. Further decline is still possible next week, and next target would be at 1.3000 area. Resistance levels are at 1.3690 and 1.3936, as long as these levels hold, downtrend could be...