USDCAD Analysis – May 5, 2012
USDCAD has formed a cycle bottom at 0.9799 on daily chart. Further rally to test 1.0051 key resistance would likely be seen next week, a break above this level will indicate that the downtrend from 1.0523 has...
Category: Long Term Forex Analysis
USDCHF Analysis – May 5, 2012
USDCHF stays in a narrow range between 0.8931 and 0.9333. Another rise to test 0.9333 resistance would likely be seen next week, a break above this level could trigger another rise towards 1.0000. Support is at 0.8931,...
USDJPY Analysis – May 5, 2012
No changed in our view, USDJPY remains in downtrend from 84.17. Resistance is at the upper line of the price channel on daily chart, as long as the trend line resistance holds, the downtrend could be expected...
AUDUSD Analysis – May 5, 2012
AUDUSD breaks below 1.0225 previous low support, suggesting that a cycle top has been formed at 1.0474 on daily chart, and the downtrend from 1.0855 has resumed. Further decline could be expected in a couple of weeks,...
GBPUSD Analysis – May 5, 2012
GBPUSD may be forming a cycle top at 1.6301 on daily chart. Pullback to test the support of the uptrend line would likely be seen next week, a clear break below the trend line support will indicate...
EURUSD Analysis – May 5, 2012
EURUSD traded sideways in a range between 1.2975 and 1.3486 for several weeks. Another fall to re-test 1.2975 key support would likely be seen next week, a breakdown below this level could trigger another fall towards 1.2500....
USDCAD Analysis – April 28, 2012
USDCAD breaks below 0.9841 support and reaches as low as 0.9799, suggesting that the downtrend from 1.0523 has resumed. Further decline could be seen next week, and next target would be at 0.9600-0.9700 area. Key resistance is...
USDCHF Analysis – April 28, 2012
USDCHF moves sideways in a narrow range between 0.8931 and 0.9333. Support is at 0.8931, a breakdown below this level will signal resumption of the downtrend from 0.9594, then deeper decline towards 0.8600 could be seen. On...
USDJPY Analysis – April 28, 2012
USDJPY stays within a downward price channel on daily chart, and remains in downtrend from 84.17. Further decline would likely be seen over the next several days, and next target would be at 79.00 area. Resistance is...
AUDUSD Analysis – April 28, 2012
AUDUSD has formed a cycle bottom at 1.0225 on daily chart. Further rally would likely be seen next week, and next target would be at 1.0600 area. However, the rise from 1.0225 is treated as correction of...