USDJPY Analysis – March 26, 2011
USDJPY remains in long term downtrend from 124.16 (2007 high), and the bounce from 76.40 is treated as consolidation of downtrend. Another fall is expected next week, and target would be at 78.00 area.
Category: Long Term Forex Analysis
AUDUSD Analysis – March 26, 2011
AUDUSD broke above 1.0255 previous high and reached as high as 1.0293. Further rise is still possible next week, and next target would be at 1.0400-1.0500 area. Key support is now at 0.9704, only break below this...
GBPUSD Analysis – March 26, 2011
GBPUSD formed a cycle top at 1.6400 level on daily chart. Deeper decline is still possible next week, and target would be at 1.5700-1.5800 area. The fall from 1.6400 is treated as consolidation of uptrend from 1.5344,...
EURUSD Analysis – March 26, 2011
Being contained by 1.4281 resistance, EURUSD pulled back from 1.4248, suggesting that a cycle top is being formed on daily chart. Range trading between 1.3900 and 1.4248 would likely be seen next week. However, the fall from...
USDCAD Analysis – March 20, 2011
USDCAD is forming a cycle top at 0.9973 level on daily chart. Key support is at 0.9667, a breakdown below this level will confirm the cycle top, then another fall towards 0.9500 could be seen. Resistance is...
USDCHF Analysis – March 20, 2011
USDCHF’s downward movement extended to as low as 0.8922. Further fall is still possible in a couple of weeks and next target would be at 0.8500 area. Resistance is at 0.9150, as long as this level holds,...
USDJPY Analysis – March 20, 2011
USDJPY broke below the symmetrical triangle pattern and reached as low as 76.40, a new all time low, suggesting that the long term downtrend from 124.16 (2007 high) has resumed. The subsequent bounce from 76.40 is treated...
AUDUSD Analysis – March 20, 2011
AUDUSD may be forming a cycle bottom at 0.9704 level on daily chart. Further rise towards 1.0255 previous high would likely be seen in a couple of weeks, a break above this level will indicate that the...
GBPUSD Analysis – March 20, 2011
GBPUSD consolidated in a range between 1.5962 and 1.6343 for several weeks, as long as 1.5962 key support holds, uptrend could be expected to resume, and another rise towards 1.7000 is still possible. However, a break above...
EURUSD Analysis – March 20, 2011
EURUSD’s upward movement extended further to as high as 1.4183. The pair is now facing1.4281 resistance, minor consolidation would likely be seen before breaking above this level. Range trading between 1.4000 and 1.4200 is expected next week.