USDJPY Analysis – July 13, 2013
USDJPY’s upward movement from 93.79 reached 101.53 only. The subsequent fall suggests that a sideways movement in a range between 93.79 and 103.73 is underway.
Category: Long Term Forex Analysis
AUDUSD Analysis – July 13, 2013
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.8998. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, further decline is...
GBPUSD Analysis – July 13, 2013
GBPUSD broke below 1.4831 support, suggesting that the long term downtrend from 1.6339 (Jan 2 high) has resumed. Further decline would likely be seen after consolidation, and next target would be at 1.4500 area.
EURUSD Analysis – July 13, 2013
EURUSD failed to break below 1.2747 support, and rebounded strongly from 1.2756, suggesting that the downward movement from 1.3415 had completed.
USDCAD Analysis – July 6, 2013
USDCAD continues its upward movement from 1.0137, and the rise extends to as high as 1.0608. Further rise could be expected after a minor consolidation, and next target would be at 1.0800 area. Support is at 1.0460,...
USDCHF Analysis – July 6, 2013
USDCHF’s rise from 0.9130 extends to as high as 0.9660. Further rise to test 0.9838 resistance could be expected next week, a break above this level will indicate that the uptrend from 0.9021 has resumed, then the...
USDJPY Analysis – July 6, 2013
USDJPY’s upward movement from 93.79 extends to as high as 101.22. Further rise to test 103.73 previous high resistance would likely be seen next week, a break above this level could signal resumption of the long term...
AUDUSD Analysis – July 6, 2013
AUDUSD remains in downtrend from 1.0582, and the fall extends to as low as 0.9037. Resistance is located at the downwards trend line on daily chart, as long as the trend line resistance holds, the downtrend could...
GBPUSD Analysis – July 6, 2013
GBPUSD breaks below 1.5008 support, suggest that the downtrend from 1.6339 has resumed. Further decline could be expected over the next several weeks, and the target would be at 1.4000 area.
EURUSD Analysis – July 6, 2013
EURUSD is facing 1.2796 support, a breakdown below this level will confirm that the downtrend from 1.3711 has resumed, then the following downward movement could bring price to 1.2000 area.