EURUSD Analysis – July 17, 2010
EURUSD’s rise from 1.1876 extends to as high as 1.3006 level. Further rally is still possible next week and next target would be at 1.3200-1.3300 area. Support is at 1.2700, as long as the pair stays above...
Category: Long Term Forex Analysis
USDCAD Analysis – July 10, 2010
Being contained by 1.0678 resistance, USDCAD dropped sharply from 1.0676 level, suggesting that a cycle top has been formed on daily chart. Another fall towards 0.9930 previous low would more likely be seen in a couple of...
USDCHF Analysis – July 10, 2010
USDCHF remains in downtrend from 1.1730 and the fall extends further to as low as 1.0480 level. Key resistance is at 1.0695, as long as this level holds, downtrend will continue, however, a break above this level...
USDJPY Analysis – July 10, 2010
USDJPY is forming a cycle bottom at 86.96 level on daily chart. Bounce to 90.00 area would more likely be seen next week. Support is at 86.96, only fall below this level could indicate that the downtrend...
AUDUSD Analysis – July 10, 2010
AUDUSD has formed a cycle bottom at 0.8315 level on daily chart. Now the rise from 0.8315 could possibly be resumption of uptrend from 0.8066. Further rally is still possible next week and target would be at...
GBPUSD Analysis – July 10, 2010
GBPUSD is moving towards the upper boundary of a falling price channel on daily chart. As long as the channel resistance holds, the bounce from 1.4230 is treated as consolidation of downtrend from 1.7042 and another fall...
EURUSD Analysis – July 10, 2010
EURUSD broke above 1.2671 key resistance, suggesting that the long term downtrend from 1.5144 has completed at 1.1876 already. Now the pair is in uptrend from 1.1876. Further rally is still possible next week and next target...
USDCAD Analysis – July 3, 2010
USDCAD broke above the falling trend line from 1.0852 to 1.0678, suggesting that a cycle bottom had been formed at 1.0138 level on daily chart, and the fall from 1.0852 had completed at 1.0138 already. Further rally...
USDCHF Analysis – July 3, 2010
USDCHF continues its sharply drop and the fall from 1.1730 extends to as low as 1.0585. Resistance levels are at 1.0695 and 1.0820, as long as these levels hold, downtrend is expected to continue and next target...
USDJPY Analysis – July 3, 2010
USDJPY broke below 88.14 key support, suggesting that the bounce from 84.82 has completed at 94.98 already. Now the fall from 94.98 could possibly be resumption of long term downtrend from 124.16 (2007 high). Deeper decline is...