USDCAD Analysis – December 18, 2011
USDCAD had formed a cycle bottom at 1.0051 on daily chart. Further rise to test 0.0523 resistance could be seen, a break above this this level will target 1.1000 area. Support is at 1.0250, as long as...
Category: Long Term Forex Analysis
USDCHF Analysis – December 18, 2011
USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be seen over the next several days. Support is at the upward trend line on daily chart, only a clear break...
USDJPY Analysis – December 18, 2011
USDJPY is forming 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 18, 2011
AUDUSD had formed a cycle top at 1.0378 on daily chart. Another fall towards 1.9390 previous low would likely be seen over the next several days. Resistance is at 1.0100, as long as this level holds, downtrend...
GBPUSD Analysis – December 18, 2011
GBPUSD broke below 1.5423 support, suggesting that the downtrend from 1.6164 has resumed. Further fall to test 1.5272 support is extended, a breakdown below this level could signal resumption of the downtrend from 1.6745 (Apr 28 high)....
EURUSD Analysis – December 18, 2011
EURUSD broke below 1.3146 support, suggesting that the downtrend from 1.4246 has resumed. Further decline could be seen in a couple of weeks, and next target would be at 1.2500 area. Resistance remains at the upper border...
USDCAD Analysis – December 10, 2011
USDCAD remains in downtrend from 1.0523. The rise from 1.0051 would possibly be consolidation of downtrend. Another fall could be expected after consolidation, and next target would be at 0.9800 area. Resistance is now at 1.0260, as...
USDCHF Analysis – December 10, 2011
USDCHF might be forming a cycle top at 0.9329 on daily chart. Key support is at 0.9065, a break below this level will trigger another fall to 0.8400 area. Resistance is at 0.9329, only break above this...
USDJPY Analysis – December 10, 2011
USDJPY is forming a sideways consolidation in a range between 75.57 and 79.52. Lengthier consolidation in the range could be expected to continue, and another rise towards 79.52 would likely be seen in a couple of weeks.
AUDUSD Analysis – December 10, 2011
AUDUSD remains in uptrend from 0.9663, the pullback from 1.0378 is treated as consolidation of uptrend. Another rise is still possible after consolidation, and next target would be at 1.0600-1.0700 area. Support levels are at 1.0000 and...