USDCAD Analysis – September 8, 2013
USDCAD breaks below 1.0450 support, suggesting that the upward movement from 1.0245 had completed at 1.0568 already. Further decline could be expected, and next target would be at 1.0200 area.
Category: Long Term Forex Analysis
USDCHF Analysis – September 8, 2013
USDCHF broke above 0.9400 resistance and reached as high as 0.9455. However, the rise is likely correction of the downtrend from 0.9751, one more fall towards 0.8500 is still possible after correction.
USDJPY Analysis – September 8, 2013
USDJPY is forming a sideways movement in a range between 93.79 and 103.73. The sideways movement is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low).
AUDUSD Analysis – September 8, 2013
AUDUSD failed to break below 0.8847 support and stayed in a trading range between 0.8847 and 0.9344. As long as 0.9344 key resistance holds, the price action in the range could be treated as consolidation of the...
GBPUSD Analysis – September 8, 2013
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, the fall from 1.5717 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
EURUSD Analysis – September 8, 2013
EURUSD’s fall from 1.3451 extends to as low as 1.3105. Further decline is still possible, and next target would be at 1.3000 area. However, the fall is likely correction of the uptrend from 1.2756, another rise towards...
USDCAD Analysis – August 31, 2013
USDCAD remains in uptrend from 1.0245. Another rise to test 1.0608 previous high resistance is possible next week, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has...
USDCHF Analysis – August 31, 2013
USDCHF remains in downtrend from 0.9751. As long as 0.9400 resistance holds, another fall to test 0.9130 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 0.9838, then further...
USDJPY Analysis – August 31, 2013
USDJPY broke above the upper line of the price channel on daily chart, and is now in uptrend from 95.81. Further rise would likely be seen next week, and next target would be at 101.00 area. Support...
AUDUSD Analysis – August 31, 2013
AUDUSD is facing 0.8847 support, a breakdown below this level will indicate that the downtrend from 1.0582 has resumed, then further decline to 0.8500 area could be seen.