USDJPY Analysis – December 31, 2011
USDJPY continued its sideways movement in a range between 75.57 and 79.52. The pair has formed a cycle top at 78.21 on daily chart. Further fall to test 75.57 previous low support is expected next week.
Category: Long Term Forex Analysis
AUDUSD Analysis – December 31, 2011
AUDUSD’s rise from 0.9861 extended further to as high as 1.0267. As long as 1.0378 resistance holds, the rise is treated as correction of downtrend from 1.0378, and another fall towards 0.9390 previous low is still possible.
GBPUSD Analysis – December 31, 2011
Being contained by 1.5272 support, GBPUSD formed a sideways consolidation below 1.5779. Another fall to test 1.5272 support is possible next week, a breakdown below this level could bring price to 1.4500 zone. On the other side,...
EURUSD Analysis – December 31, 2011
EURUSD continued its downward movement from 1.4246, and the fall extended to as low as 1.2858. Resistance remains at the upper border of the price channel on daily chart, as long as the channel resistance holds, downtrend...
USDCAD Analysis – December 24, 2011
USDCAD remains in uptrend from 1.0051, the fall from 1.0422 is treated as correction of uptrend. Another rise towards 1.0656 previous high is still possible after correction. Resistance is at 1.0300, a break above this level could...
USDCHF Analysis – December 24, 2011
USDCHF remains in uptrend from 0.8569, the pullback from 0.9546 is likely consolidation of uptrend. Initial support is at 0.9240, as long as this level holds, we’d expect uptrend to resume, and another rise towards 1.0000 is...
USDJPY Analysis – December 24, 2011
USDJPY formed a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue over the next several days.
AUDUSD Analysis – December 24, 2011
AUDUSD is in downtrend from 1.0378, the rise from 0.9861 would possibly be correction of downtrend. Another fall towards 0.9390 previous low would likely be seen after correction, and a breakdown below 0.9861 could signal resumption of...
GBPUSD Analysis – December 24, 2011
Being supported by 1.5272 previous low, GBPUSD moved sideways in a range between 1.5423 and 1.5779. The price action in the range is likely consolidation of downtrend from 1.6164. As long as 1.5779 key resistance holds, another...
EURUSD Analysis – December 24, 2011
EURUSD stays in a downward price channel on daily chart, and remains in downtrend from 1.4246. Initial resistance is at the upper line of the channel, as long as the channel resistance holds, downtrend could be expected...