USDCHF Analysis – April 10, 2010
USDCHF might be forming a cycle top at 1.0785 level on daily chart and the fall could possibly be resumption of downtrend. Another fall towards 1.0434 would more likely be seen in a couple of weeks. Resistance...
Category: Long Term Forex Analysis
USDJPY Analysis – April 10, 2010
USDJPY remains in uptrend from 88.14 and the fall from 94.68 is more likely consolidation of uptrend. Range trading between 92.00 and 94.68 could be seen in a couple of weeks and another rise towards 100.00 is...
AUDUSD Analysis – April 10, 2010
AUDUSD stays in a rising price channel on daily chart and remains in uptrend from 0.8577. Further rise to test 0.9404 key resistance is expected next week. Support is at the lower border of the price channel,...
GBPUSD Analysis – April 10, 2010
GBPUSD broke above 1.5382 key resistance, suggesting that the downtrend from 1.6875 has completed at 1.4784 already. Further rally would more likely be seen in next several weeks, and target would be at the upper border of...
EURUSD Analysis – April 10, 2010
EURUSD might be forming a cycle bottom at 1.3267 level on daily chart. Key resistance is now located at 1.3590, a break above this level will confirm the cycle bottom, then further rally to test 1.3817 resistance...
USDCAD Analysis – April 3, 2010
USDCAD is testing 1.0061 support, below this level will indicate that the downtrend from 1.0779 has resumed, then another fall towards 0.9900 could be seen. Resistance is now at the upper border of the price channel and...
USDCHF Analysis – April 3, 2010
USDCHF broke below 1.0506 key support, suggesting that the uptrend from 0.9917 has completed at 1.0898 already. Drop to 1.0100-1.0200 area would more likely be seen in a couple of weeks. Resistance is now at 1.0750, as...
USDJPY Analysis – April 3, 2010
USDJPY broke above 93.75 key resistance, suggesting the the uptrend from 84.82 has resumed, and another rise towards 100.00 is underway. Support level is now at 93.00 followed by 92.00, as long as these levels hold, uptrend...
AUDUSD Analysis – April 3, 2010
Being supported by the lower border of the price channel on daily chart, AUDUSD bounced from 0.9001, suggesting that a cycle bottom is being formed. Another rise towards 0.9404 previous high is expected in a couple of...
GBPUSD Analysis – April 3, 2010
GBPUSD broke above the upper border of the falling price channel on daily chart. Sideways movement in a range between 1.4784 and 1.5382 would more likely be seen in a couple of weeks. Key resistance is now...