USDCHF Analysis – December 11, 2010
USDCHF may be forming a cycle bottom at 0.9725 level on daily chart. Further rise towards 1.0066 would likely be seen next week, a break above this level will confirm the cycle bottom and indicate that the...
Category: Long Term Forex Analysis
USDJPY Analysis – December 11, 2010
USDJPY is facing 84.40 resistance, a break above this level will suggest that the upward move from 80.30 has resumed, then further rally could be seen to 87.00 or even higher. Support is at 82.34, below this...
AUDUSD Analysis – December 11, 2010
AUDUSD formed a cycle bottom at 0.9537 level on daily chart. The bounce from 0.9537 is likely resumption of uptrend from 0.8066, further rise towards 1.0182 key resistance is expected, a break above this level will target...
GBPUSD Analysis – December 11, 2010
GBPUSD has formed a cycle bottom at 1.5484 level on daily chart. However, the bounce from 1.5484 is treated as consolidation of downtrend from 1.6298, another fall to test 1.5296 key support is still possible after consolidation....
EURUSD Analysis – December 11, 2010
EURUSD is forming a cycle bottom at 1.2969 level on 4-hour chart, consolidation of downtrend is expected to continue and range trading between 1.2969 and 1.3600 would likely be seen in a couple of weeks.
USDCAD Analysis – December 4, 2010
USDCAD moved sideways in a range between 0.9977 and 1.0378 for several weeks. Now the pair is facing 0.9977 support, below this level will indicate that downtrend has resumed, and the target would be at 0.9700-0.9800 area.
USDCHF Analysis – December 4, 2010
USDCHF dropped sharply from 1.0066. Deeper decline to 0.9600-0.9650 area to reach next cycle bottom on daily chart is expected next week and the next cycle bottom is nearing. As long as 0.9463 key support holds, the...
USDJPY Analysis – December 4, 2010
USDJPY dropped sharply from 84.40, suggesting that a cycle top had been formed on daily chart. Deeper decline to 81.00 area is expected next week. As long as 80.30 key support holds, the fall from 84.40 is...
AUDUSD Analysis – December 4, 2010
AUDUSD bounced strongly from 0.9537, suggesting that a cycle bottom had been formed on daily chart. Now the bounce from 0.9537 could possibly be resumption of uptrend from 0.8066. Further rise towards 1.0182 previous high could be...
GBPUSD Analysis – December 4, 2010
GBPUSD remains in downtrend from 1.6298, the bounce from 1.5484 is treated as consolidation of downtrend. Resistance is at 1.5900, as long as this level holds, downtrend could be expected to continue. However, a break above 1.5900...