USDCHF Analysis – October 2, 2010
USDCHF remains in downtrend from 1.1730 and the fall extends to as low as 0.9708 level. Further decline is still possible next week and next target is at 0.9634 (2008 low). Resistance is at 1.0000, as long...
Category: Long Term Forex Analysis
USDJPY Analysis – October 2, 2010
USDJPY stays in a trading range between 82.87 and 85.92, and is now facing the previous low support at 82.87, a break below this level will indicate that the downward movement from 94.98 has resumed, then deeper...
AUDUSD Analysis – October 2, 2010
AUDUSD’s rise from 0.8771 extends to as high as 0.9749. Supports are at 0.9620 and 0.9550, as long as these levels hold, uptrend could be expected to continue and next target is at 0.9849 (2008 high).
GBPUSD Analysis – October 2, 2010
GBPUSD’s bounce from 1.5296 extended to as high as 1.5921. Further rise to test 1.5997 previous high resistance is expected next week, a break above this level will indicate that the uptrend from 1.4230 has resumed, then...
EURUSD Analysis – October 2, 2010
EURUSD continues its upward movement from 1.2587 and the rise extends to as high as 1.3792 level. Further rise is still possible next week and next target would be at 1.4000 area. Support is at 1.3495, as...
USDCAD Analysis – September 25, 2010
USDCAD’s downward move from 1.0672 extended to as low as 1.0191. Key resistance is now at 1.0378, as long as this level holds, downtrend from 1.0672 is expected to continue and one more fall towards 1.0107 support...
USDCHF Analysis – September 25, 2010
USDCHF broke below 0.9917 (2009 low) and reached as low as 0.9779. Further decline towards 0.9634 (2008 low) could be seen next week. Resistance is at 1.0181, as long as this level holds, downtrend from 1.1730 could...
USDJPY Analysis – September 25, 2010
Being contained by 85.89 key resistance, USDJPY pulled back to as low as 84.12. However, one more rise to re-test 85.89 resistance is still possible, a clear break above this level will indicate that the downtrend from...
AUDUSD Analysis – September 25, 2010
AUDUSD’s upward movement extended to as high as 0.9613 level. Now the pair is facing the upper boundary of the price channel on 4-hour chart, consolidation of uptrend would more likely be seen. Support is at 0.9460,...
GBPUSD Analysis – September 25, 2010
GBPUSD’s bounce from 1.5296 extended to as high as 1.5842. Further rise to test 1.5997 previous high resistance is possible next week, a break above this level will signal resumption of uptrend from 1.4230, then another rise...