USDCAD Analysis – January 1, 2011
USDCAD broke below 0.9930 long term key support. Further decline is expected in a couple of weeks and target would be at 0.9500 area. Resistance is at 1.0055, as long as this level holds, downtrend could be...
Category: Long Term Forex Analysis
USDCHF Analysis – January 1, 2011
USDCHF broke below 0.9463 previous low, suggesting that the downtrend from 1.1730 has resumed. Deeper decline is still possible next week and next target would be at 0.9000 zone. Resistance is at 0.9650, as long as this...
USDJPY Analysis – January 1, 2011
USDJPY’s fall from 84.50 extended to as low as 80.93 level. Deeper decline to test 80.30 previous low support is possible next week, a breakdown below this level will indicate that the downtrend from 94.98 (May 5,...
AUDUSD Analysis – January 1, 2011
AUDUSD broke above 1.0182 previous high and reached as high as 1.0255 level. Further rise is still possible next week and next target would be at 1.0500 area. Support is at 1.0100 followed by 0.9980, only break...
GBPUSD Analysis – January 1, 2011
Being contained by 1.5296 key support, GBPUSD rebounded from 1.5344. Resistance is at the downtrend line from 1.6298 to 1.5910, as long as the trend line resistance holds, downtrend from 1.6298 could be expected to continue and...
EURUSD Analysis – January 1, 2011
EURUSD moved sideways in a range between 1.2969 and 1.3497. The price action in the trading range is treated as consolidation of downtrend from 1.4281, as long as 1.3497 resistance holds, another fall towards 1.2500 is still...
USDCAD Analysis – December 25, 2010
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCAD Analysis – December 25, 2010
USDCAD continues its sideways movement. Range trading between 0.9977 and 1.0378 is still possible in a couple of weeks. Another rise to test 1.0378 key resistance would more likely be seen before breaking below 0.9977 support.
USDCHF Analysis – December 25, 2010
USDCHF’s fall from 1.0066 extended to as low as 0.9497. Key resistance is now at 0.9733, as long as this level holds, downtrend could be expected to continue and one more fall towards 0.9463 previous low is...
USDJPY Analysis – December 25, 2010
USDJPY is in uptrend from 80.30, the price action from 84.40 is treated as consolidation of uptrend. Pullback to 81.00-82.00 area to reach next cycle bottom on daily chart is expected next week. Key resistance is at...