AUDUSD Analysis – July 3, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as correction of uptrend. As long as 0.8066 key support holds, one more rise to 0.9100 is still possible. Resistance is now at 0.8600,...
Category: Long Term Forex Analysis
GBPUSD Analysis – July 3, 2010
GBPUSD continues its upward movement from 1.4290 and the rise extends to as high as 1.5228 level. Further rally is still possible next week. Targets are at the upper boundary of the falling price channel and 1.5522...
EURUSD Analysis – July 3, 2010
EURUSD is facing 1.2671 key resistance, a break above this level will indicate that the long term downtrend from 1.5144 has completed at 1.1876 already, then the following bullish movement could bring price to 1.4700 area. However,...
USDCAD Analysis – June 26, 2010
USDCAD has reached the falling trend line from 1.0852 to 1.0678. A clear break above the trend line resistance will indicate that the fall from 1.0852 has completed at 1.0138 already, then further rally could be seen...
USDCHF Analysis – June 26, 2010
USDCHF continues its downward movement and the fall from 1.1730 extends to as low as 1.0921 level. Resistance is now at 1.1140, as long as this level holds, downtrend will continue, however, a break above this level...
USDJPY Analysis – June 26, 2010
USDJPY stayed in a trading range between 88.14 and 94.98 for several months. Now the pair is moving towards 88.14 key support, a breakdown below this level will indicate that the bounce from 84.82 (2009 low) is...
AUDUSD Analysis – June 26, 2010
AUDUSD remains in uptrend from 0.8066 and the fall from 0.8858 is treated as consolidation of uptrend. Support is at 0.8450, as long as this level holds, we’d expect uptrend to resume and one more rise to...
GBPUSD Analysis – June 26, 2010
GBPUSD’s bounce from 1.4230 extends further to as high as 1.5076. Upward movement is expected to continue next week and target is at the upper boundary of the falling price channel. Support levels are at 1.4855 and...
EURUSD Analysis – June 26, 2010
EURUSD’s bounce from 1.1876 extended to as high as 1.2466. Another rise towards 1.2671 key resistance is expected after a minor consolidation, a break above this level will indicate that the long term downtrend from 1.5144 has...
USDCAD Analysis – June 19, 2010
USDCAD remains in downtrend from 1.0852 and the fall extends to as low as 1.0206. Deeper decline is still in favor and next target would be at 1.0100 area. Resistance is at the downtrend line from 1.0852...