USDCHF Analysis – May 16, 2010
USDCHF continues its upward movement from 1.0434 and the rise extends to as high as 1.1335 level. Support is at 1.1200, as long as this level holds, further rally is still possible and next target would be...
Category: Long Term Forex Analysis
USDJPY Analysis – May 16, 2010
USDJPY formed a cycle bottom at 88.25 level on daily chart. Further rise to test 94.98 resistance could be seen after a minor consolidation, a break above this level will trigger another rise to 100.00 area. Support...
AUDUSD Analysis – May 16, 2010
AUDUSD stays in a trading range between 0.8577 and 0.9404. Sideways movement in the range could be expected to continue in a couple of weeks. Now a cycle bottom is being formed at 0.8715 level on daily...
GBPUSD Analysis – May 16, 2010
GBPUSD remains in downtrend from 1.5522, deeper decline is still in favor and next target would be at 1.4200 area. Resistance is now at 1.5053, only rise above this level could take price back towards the upper...
EURUSD Analysis – May 16, 2010
EURUSD’s downtrend from 1.5144 extends to as low as 1.2353 level. Now the pair is facing the support of 1.2329 (Oct 28, 2008 low), below this level could trigger deeper decline to 1.1300 area. Resistance is now...
USDCAD Analysis – May 8, 2010
USDCAD’s bounce from 0.9930 extends to as high as 1.0735 level. Further rally towards 1.1000 is still possible in a couple of weeks, a break above this level will indicate that the long term downtrend from 1.3063...
USDCHF Analysis – May 8, 2010
USDCHF’s uptrend from 1.0434 extends to as high as 1.1245 level. Further rally is still possible next week and next target would be at 1.1350-1.1400 area. Key support is at 1.0900, below this level will indicate that...
USDJPY Analysis – May 8, 2010
USDJPY drops sharply to as low as 88.25, the subsequent bounce suggests that a cycle bottom has been formed on daily chart. Another rise towards 94.98 would more likely be seen after a minor consolidation, a break...
AUDUSD Analysis – May 8, 2010
AUDUSD breaks below 0.9001 key support, taking price back to range trading between 0.8577 and 0.9404. Sideways movement in the range would more likely be seen in next several weeks. Key support is at 0.8577, only fall...
GBPUSD Analysis – May 8, 2010
GBPUSD breaks below 1.4784 previous low and reaches as low as 1.4475, suggesting that the downtrend from 1.7042 has resumed. Deeper decline is still possible next week and next target would be at 1.4200 area. Key resistance...