AUDUSD Analysis – March 20, 2010
AUDUSD remains in uptrend from 0.8577. Further rally is still possible next week and next target would be at 0.9300 area. Initial support is at 0.9095, as long as this level holds, uptrend could be expected to...
Category: Long Term Forex Analysis
GBPUSD Analysis – March 20, 2010
GBPUSD broke above the falling trend line, suggesting that a cycle bottom has been formed at 1.4784 level on daily chart. However, another cycle top is nearing, a break below 1.4784 previous low will indicate that a...
EURUSD Analysis – March 20, 2010
EURUSD is forming a cycle top at 1.3817 level on daily chart. Key support is located at 1.3435, a break below this level will confirm the cycle top and indicate that the long term downtrend from 1.5144...
USDCAD Analysis – March 13, 2010
USDCAD broke below 1.0206 previous low, suggesting that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed. Further decline is expected next week and next target would be at 1.0000 area. Resistance is at 1.0320,...
USDCHF Analysis – March 13, 2010
USDCHF broke below 1.0608 key support, suggesting that the rise from 1.0132 has completed at 1.0898 already. Deeper decline towards the rising trend line from 0.9917 to 1.0132 is now in favor. Resistance is at 1.0810, only...
USDJPY Analysis – March 13, 2010
USDJPY consolidates in a range between 88.14 and 92.14. Further rise to test 92.14 resistance is expected next week. As long as this level holds, one more fall towards 84.82 previous low is still possible. However, above...
AUDUSD Analysis – March 13, 2010
AUDUSD’s bounce from 0.8577 extended to 0.9193 level. Support remains at the rising trend line from 0.8577 to 0.8801, as long as the trend line support holds, further rally is expected and next target would be at...
GBPUSD Analysis – March 13, 2010
GBPUSD is forming a cycle bottom at 1.4784 level on daily chart. Key resistance is at the falling trend line, a clear break above this trend line resistance will confirm the cycle bottom, then further rally could...
EURUSD Analysis – March 13, 2010
EURUSD had formed a cycle bottom at 1.3435 level on daily chart. Bounce to 1.3900-1.4000 area to reach next cycle top is expected next week and the next cycle top is nearing. Support level is now at...
USDCAD Analysis – March 6, 2010
USDCAD is facing the previous low support at 1.0224, a breakdown below this level will indicate that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed, then next target would be at 1.000 area. On...