GBPUSD Analysis – April 28, 2012
GBPUSD’s upward movement from 1.5602 extends to as high as 1.6279. Further rise is still possible next week and next target would be at 1.6450 area. Support is now at 1.6150, only break below this level could...
Category: Long Term Forex Analysis
EURUSD Analysis – April 28, 2012
EURUSD failed to break below 1.2975 key support, and traded in a range between 1.2975 and 1.3486 for several weeks. Lengthier sideways movement in the range could be expected next week. Another fall to re-test 1.2975 support...
USDCAD Analysis – April 21, 2012
USDCAD stays in a trading range between 0.9841 and 1.0051. As long as 1.0051 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0523, and another fall to...
USDCHF Analysis – April 21, 2012
USDCHF continues its sideways movement in a range between 0.8931 and 0.9333. Key support is at 0.8931, a breakdown below this level will trigger another fall towards 0.8600. On the other side, a break above 0.9333 could...
USDJPY Analysis – April 21, 2012
USDJPY stays below a downward trend line on daily chart, and remains in downtrend from 84.17. As long as the trend line resistance holds, downtrend could be expected to continue next week, and next target would be...
AUDUSD Analysis – April 21, 2012
AUDUSD is forming a cycle bottom at 1.0225 on daily chart. Further rally would likely be seen next week, and the target would be at 1.0550-1.0600 area. However, the rise would possibly be consolidation of the downtrend...
GBPUSD Analysis – April 21, 2012
GBPUSD breaks above 1.6062 previous high and reaches as high as 1.6148. Further rise could be expected next week, and next target would be at 1.6300 area. Support is now located on the upward trend line on...
EURUSD Analysis – April 21, 2012
EURUSD traded in a range between 1.2975 and 1.3486. Key support is at 1.2975, a breakdown below this level will signal resumption of the long term downtrend from 1.4939, then further decline towards 1.2500 could be seen....
USDCAD Analysis – April 14, 2012
USDCAD traded in a range between 0.9841 and 1.0050 for several weeks. As long as 1.0050 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0523, and one more...
USDCHF Analysis – April 14, 2012
USDCHF formed a sideways consolidation in a 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 will signal resumption of the uptrend from 0.7067....