GBPUSD Analysis – July 7, 2012
GBPUSD had formed a cycle top at 1.5776 on daily chart. Further decline to test 1.5236 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6301, then the next...
Category: Long Term Forex Analysis
EURUSD Analysis – July 7, 2012
EURUSD breaks below 1.2288 previous low, suggesting that the downtrend from 1.3486 has resumed. Further decline could be expected next week, and next target would be at 1.2000. Resistance levels are at 1.2500 and 1.2747, only break...
USDCAD Analysis – June 30, 2012
USDCAD is facing 1.0159 support, a breakdown below this level will indicate that the downtrend from 1.0445 has resumed, then further decline towards 1.0000 could be seen. Key resistance is at 1.0445, only break above these levels...
USDCHF Analysis – June 30, 2012
USDCHF stays in a trading range between 0.9421 and 0.9769. Support is at 0.9421, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.8931, another rise...
USDJPY Analysis – June 30, 2012
USDJPY is now in uptrend from 77.66. Further rise would likely be seen next week and next target would be at 82.00 area. Support is at 79.00, only break below this level could indicate that the rise...
AUDUSD Analysis – June 30, 2012
AUDUSD break above 1.0223 resistance, suggesting that the uptrend from 0.9581 has resumed. Further rise could be expected next week and next target would be at 1.0500 area. Support is at 0.9965, only break below this level...
GBPUSD Analysis – June 30, 2012
GBPUSD is facing 1.5776 resistance, as long as this level holds, the rise from 1.5268 could be treated as correction of the downtrend from 1.6301, another fall towards 1.5000 is still possible. However, a break above 1.5776...
EURUSD Analysis – June 30, 2012
EURUSD is facing 1.2747 resistance, a break above this level will indicate that the downward movement from 1.3486 has completed at 1.2288 already, then the following upward movement could bring price to 1.3200 area. However, as long...
USDCAD Analysis – June 23, 2012
USDCAD remains in downtrend from 1.0445, the rise from 1.0159 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0000. Key resistance is at 1.0445, only break...
USDCHF Analysis – June 23, 2012
USDCHF may be forming a cycle bottom at 0.9421 on daily chart. Key resistance is at 0.9600, a break above this level will indicate that the uptrend from 0.8931 has resumed, then further rise towards 1.0000 could...