USDCAD Analysis – September 12, 2009
No changed in our view, USDCAD remains in range trading between 1.0632 and 1.1124. Another rise towards the upper border of the price channel to reach next cycle top on daily chart is still in favor, and...
Category: Long Term Forex Analysis
USDCHF Analysis – September 12, 2009
USDCHF broke below 1.0366 (Dec 29, 2008) support, deeper decline is now in favor and next target would be at 1.0200-1.0300 area. Near term resistance is at the falling trend line on daily chart, as long as...
USDJPY Analysis – September 12, 2009
As expected, USDJPY broke below 91.73 previous low support, further fall to 88.00-90.00 area to reach next cycle bottom on daily chart is possible next week and the next cycle bottom is nearing. Key resistance is now...
AUDUSD Analysis – September 12, 2009
AUDUSD remains in uptrend from 0.6248, and the rise extends to as high as 0.8674 level. Further rally is still possible next week and next target would be at 0.8900-0.9000 area. Key support is at 0.8155, as...
GBPUSD Analysis – September 12, 2009
GBPUSD broke above 1.6663 key resistance, suggesting that the fall from 1.7042 has completed at 1.6113 level already. Range trading between 1.6113 and 1.7042 is expected in a couple of weeks. Key resistance is now located at...
EURUSD Analysis – September 12, 2009
EURUSD broke above 1.4447 resistance and the uptrend from 1.3748 extended to the upper border of the rising price channel on daily chart. A clear break above the channel resistance will signal a great move towards 1.5100-1.5200...
USDCAD Analysis – September 5, 2009
USDCAD consolidated in a range between 1.0632 and 1.1124. Another rise towards the upper border of the price channel to reach next cycle top on daily chart would more likely be seen, and a break above 1.1124...
USDCHF Analysis – September 5, 2009
USDCHF traded in a narrow range between 1.0530 and 1.0714 for several days. As long as 1.0714 resistance holds, downtrend is expected to continue and deeper decline to 1.0450-1.0500 area would more likely be seen after consolidation....
USDJPY Analysis – September 5, 2009
USDJPY’s downtrend from 97.78 extended further to as low as 91.94 level. Small consolidation is expected next week, before breaking below 91.73 previous low support. However, deeper decline towards 89.00-90.00 area would more likely be seen after...
AUDUSD Analysis – September 5, 2009
AUDUSD broke above 0.8477 resistance, suggesting that the uptrend from 0.6248 has resumed. Further rise is expected next week and next target would be at 0.8600-0.8700 area. Key support is at 0.8155, only fall below this level...