USDCAD Analysis – October 8, 2011
USDCAD has formed a cycle top at 1.0656 on daily chart. Consolidation of uptrend from 0.9406 could be seen in a couple of weeks, and the trading range would be between 1.0200 and 1.0656. Key resistance is...
Category: Long Term Forex Analysis
USDCHF Analysis – October 8, 2011
USDCHF continued its upward movement from 0.7067, and the rise extended to as high as 0.9314. Further rise is still possible next week, and next target would be at 0.9500 area. Support remains at the uptrend line...
USDJPY Analysis – October 8, 2011
USDJPY moved sideways in a narrow range between 75.96 and 77.85 for several weeks. Key resistance is at 77.85, as long as this level holds, the price action in the range is treated as consolidation of downtrend...
AUDUSD Analysis – October 8, 2011
AUDUSD remains in downtrend from 1.0764 and the fall extended to as low as 0.9390. Key resistance is now at 0.9984, as long as this level holds, downtrend could be expected to resume, and another fall towards...
GBPUSD Analysis – October 8, 2011
GBPUSD is in downtrend from 1.6617, the price action started from 1.5327 is treated as consolidation of downtrend. Initial resistance is at 1.5715, as long as this level hoods, we’d expect downtrend to resume in early part...
EURUSD Analysis – October 8, 2011
EURUSD’s downward movement from 1.4548 extended to as low as 1.3146, the subsequent bounce is likely consolidation of downtrend. Further fall is expected next week, and next target would be at 1.3000 zone. Resistance is at 1.3700,...
USDCAD Analysis – October 1, 2011
USDCAD continued its upward movement from 0.9406, and the rise extended to as high as 1.0502. Further rise is still possible next week, and next target would be at 1.0700 area. Support is now at 1.0300 followed...
USDCHF Analysis – October 1, 2011
USDCHF stays above a uptrend line on daily chart, and remains in uptrend from 0.7067. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 0.9500 area,...
USDJPY Analysis – October 1, 2011
USDJPY traded in a narrow range between 75.96 and 77.85 for several weeks. Another fall to test 75.96 previous low support could be expected next week, a breakdown below this level will signal resumption of the downtrend...
AUDUSD Analysis – October 1, 2011
AUDUSD has formed a cycle bottom at 0.9622 on daily chart. However, the rise is treated as consolidation of downtrend from 1.0764, another fall is still possible after consolidation, and a breakdown below 0.9622 could signal resumption...