GBPUSD Analysis – August 27, 2011
GBPUSD has formed a cycle top at 1.6617 on daily chart. Now the fall from 1.6617 would possibly be resumption of downtrend, deeper decline could be expected in a couple of weeks, and target would be at...
Category: Long Term Forex Analysis
EURUSD Analysis – August 27, 2011
EURUSD is testing the resistance of the price channel on daily chart, a clear break above the channel resistance will indicate that the uptrend from 1.3837 has resumed, then further rise towards 1.4939 previous high could be...
USDCAD Analysis – August 20, 2011
No changed in our view, USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, deeper decline towards 0.9406 could be seen after breaking below this level. Resistance is at 1.0009,...
USDCHF Analysis – August 20, 2011
USDCHF is now facing the resistance of the downtrend line on daily chart, pullback to 0.7400-0.7500 area would likely be seen before breaking above the trend line resistance. Initial support is at 0.7770, a break below this...
USDJPY Analysis – August 20, 2011
USDJPY broke below 76.29 previous low, suggesting that the pair remains in downtrend from 85.51. However, lengthier consolidation of downtrend is still possible in a couple of week, and one more rise to 79.00 area to reach...
AUDUSD Analysis – August 20, 2011
AUDUSD remains in uptrend from 0.9927, the fall from 1.0601 is treated as consolidation of uptrend. Another rise towards 1.1080 previous high could be expected next week, and a break above 1.0601 could signal resumption of uptrend.
GBPUSD Analysis – August 20, 2011
GBPUSD’s rise from 1.5781 extended to as high as 1.6617. Further rise to test 1.6745 resistance is still possible next week, as long as this level holds, we’d expect downtrend to resume, and pullback to 1.5900-1.6000 area...
EURUSD Analysis – August 20, 2011
EURUSD is facing the resistance of the upper border of the price channel on daily chart, as long as the channel resistance holds, we’d expect downtrend to resume, and one more fall towards the lower border of...
USDCAD Analysis – August 13, 2011
USDCAD is forming a cycle top at 1.0009 on daily chart. Key support is at 0.9765, a breakdown below this level will confirm the cycle top, then deeper decline towards 1.9406 previous low could be seen. Resistance...
USDCHF Analysis – August 13, 2011
USDCHF bounced strongly from 0.7067, suggesting that a cycle bottom has been formed on daily chart. Further rally could be expected in a couple of weeks, and target would be at the downtrend line. Key support is...