USDCHF Analysis – March 6, 2010
USDCHF formed a cycle top at 1.0898 level on daily chart. Range trading between 1.0608 and 1.0898 is expected. As long as 1.0608 support holds, one more rise to 1.1000 is still possible. However, a break below...
Category: Long Term Forex Analysis
USDJPY Analysis – March 6, 2010
USDJPY remains in downtrend from 93.75. Another fall towards 84.82 previous low is still possible. Resistance is at the falling trend line from 93.75 to 92.14, as long as the trend line resistance holds, downtrend could be...
AUDUSD Analysis – March 6, 2010
AUDUSD broke above 0.9070 previous high, suggesting that another rally to 0.9200-0.9250 is underway. Support is now at the rising trend line from 0.8577 to 0.8801, key support is at 0.8801, only fall below this level could...
GBPUSD Analysis – March 6, 2010
GBPUSD stays below a falling trend line on daily chart and remains in downtrend from 1.6456. As long as the trend line resistance holds, downtrend could be expected to continue and deeper decline to 1.4600 area is...
EURUSD Analysis – March 6, 2010
EURUSD might be forming a cycle bottom at 1.3435 level on daily chart. Range trading between 1.3435 and 1.3838 is expected next week. Resistance is at the falling trend line from 1.5144 to 1.4579, key resistance is...
USDCAD Analysis – February 27, 2010
USDCAD continues its sideways movement in a range between 1.0206 and 1.0852. Lengthier consolidation in the trading range is still possible in a couple of weeks and one more fall to 1.0250-1.0350 area is expected next week.
USDCHF Analysis – February 27, 2010
USDCHF remains in uptrend from 1.0132 and the pullback from 1.0898 is more likely consolidation of uptrend. Range trading between 1.0608 and 1.0898 is expected next week. As long as 1.0608 support holds, one more rise towards...
USDJPY Analysis – February 27, 2010
USDJPY dropped sharply from 92.14, suggesting that a cycle top has been formed on daily chart. Another fall towards 84.82 previous low is now in favor and a breakdown below 88.57 support will confirm such case.
AUDUSD Analysis – February 27, 2010
AUDUSD might be forming a cycle top at 0.9070 level on daily chart. Pullback to 0.8700-0.8750 area would more likely be seen in a couple of week. As long as 0.8577 support holds, we’d expected uptrend to...
GBPUSD Analysis – February 27, 2010
GBPUSD remains in downtrend from 1.6456. Further decline is still possible next week and next target would be at 1.5000 area. Resistance is now located at the upper border of the falling price channel on daily chart,...