USDCAD Analysis – November 12, 2011
USDCAD’s upward move extended to as high as 1.0265. Further rise is still possible in a couple of weeks, and target would be at 1.0400. Key support is at 1.0050, a breakdown below this level will indicate...
Category: Long Term Forex Analysis
USDCHF Analysis – November 12, 2011
USDCHF’s upward movement from 0.8569 extended to as high as 0.9148. Further rise towards 0.9314 is still possible next week. However, the rise is treated as correction of downtrend from 0.9314, another fall towards 0.7800 would likely...
USDJPY Analysis – November 12, 2011
USDJPY’s fall from 79.52 extended to as low as 77.04, suggesting that a cycle top had been formed on daily chart. Range trading between 75.57 and 79.52 would likely be seen over the next several weeks. As...
AUDUSD Analysis – November 12, 2011
AUDUSD might be forming a cycle bottom at 1.0053 on daily chart. Further rise would likely be seen in a couple of weeks, and target would be at 1.5800 area. Support is 1.0053, only break below this...
GBPUSD Analysis – November 12, 2011
GBPUSD is in uptrend from 1.5272, the price action from 1.6164 is treated as consolidation of uptrend. As long as 1.5800 support holds, uptrend could be expected to resume, and another rise towards 1.6500 is still possible....
EURUSD Analysis – November 12, 2011
EURUSD’s downward movement from 1.4246 extended to as low as 1.3484, the subsequent bounce suggested that a cycle bottom was being formed on daily chart. Further rise could be expected in a couple of weeks, and target...
USDCAD Analysis – November 5, 2011
USDCAD had formed a cycle bottom at 0.9891 on daily chart. Further rise is expected after a minor consolidation, and target would be at 1.0400 area. However, the rise would possibly be correction of downtrend from 1.0656,...
USDCHF Analysis – November 5, 2011
USDCHF broke above the downtrend line on daily chart, suggesting that a cycle bottom is being formed at 0.8569. Range trading between 0.8569 and 0.9050 would likely be seen in a couple of weeks. However, the rise...
USDJPY Analysis – November 5, 2011
USDJPY broke above 77.85 key resistance, suggesting that a cycle bottom had been formed at 75.57 on daily chart, and the fall from 85.51 had completed. Range trading between 76.50 and 79.52 could be seen in a...
AUDUSD Analysis – November 5, 2011
AUDUSD pulled back from 1.0751 and the fall extended to as low as 1.0202, suggesting that a cycle top had been formed on daily chart. The pair is now in downtrend, deeper decline could be expected after...