USDCAD Analysis – June 10, 2012
USDCAD has formed a cycle top at 1.04445 on daily chart. Further decline could likely be seen next week, and next target would be at 1.0000 area. Key resistance is now at 1.04445, only break above this...
Category: Long Term Forex Analysis
USDCHF Analysis – June 10, 2012
USDCHF has formed a cycle top at 0.9769 on daily chart, key support is at 0.9500, a breakdown below this level will indicate that the upward movement from 0.9043 has completed, then the following downward movement could...
USDJPY Analysis – June 10, 2012
USDJPY breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 77.66 on daily chart. Further rise to test 80.60 key resistance would likely be seen next week, a...
AUDUSD Analysis – June 10, 2012
AUDUSD failed to break below 0.9390 (Oct 4, 2011 low), and rebounds from 0.9581, suggesting that a cycle bottom has been formed on daily chart. Further rise to test 1.0150 key resistance would likely be seen next...
GBPUSD Analysis – June 10, 2012
Being supported by 1.5236 previous low, GBPUSD rebounds from 1.5268, suggesting that a cycle bottom has been formed on daily chart. However, the bounce is treated as consolidation of the downtrend from 1.6301, another fall to retest...
EURUSD Analysis – June 10, 2012
EURUSD breaks above the downward trend line on daily chart, suggesting that a cycle bottom has been formed at 1.2288. Initial resistance is at 1.2670, as long as this level holds, the price action from 1.2288 could...
USDCAD Analysis – June 2, 2012
USDCAD’s upward movement from 0.9799 extends to as high as 1.0441. Further rise is still possible next week, and next target would be at 1.0550 area. Support is at 1.0300, only break below this level could signal...
USDCHF Analysis – June 2, 2012
USDCHF’s upward movement from 0.9043 extends to as high as 0.9769. Further rise is still possible next week, and next target would be at 0.9900 area. Support is at 0.9500, only break below this level could signal...
USDJPY Analysis – June 2, 2012
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17, and the fall extends to as low as 77.66. Key resistance is at the trend line, as long as the trend...
AUDUSD Analysis – June 2, 2012
AUDUSD continues its downward movement from 1.0855, and the fall extends to as low as 0.9581. Further decline is still possible next week, and next target would be at 0.9450 area. Key resistance is at 0.9900, only...