USDJPY Analysis – August 22, 2009
USDJPY has formed a cycle top at 97.78 level on daily chart and the fall from 97.78 is treated as resumption of downtrend from 101.43. Deeper decline to test 91.73 is expected in a couple of weeks,...
Category: Long Term Forex Analysis
AUDUSD Analysis – August 22, 2009
AUDUSD might be forming a cycle top at 0.8477 level on daily chart. Key support is now at 0.8155, a break below this level will confirm the cycle top and indicate that the uptrend from 0.7703 has...
GBPUSD Analysis – August 22, 2009
GBPUSD has formed a cycle top at 1.7042 level on daily chart. Further decline to 1.5900-1.6000 area is expected in a couple of weeks, and a break down below 1.6275 will confirm such case. Near term resistance...
EURUSD Analysis – August 22, 2009
EURUSD stays in the rising price channel on daily chart and remains in uptrend from 1.3748. Further rally to 1.4500 is still possible next week. However, the rise from 1.3748 is more likely a part of consolidation...
USDCAD Analysis – August 15, 2009
USDCAD has formed a cycle bottom at 1.0632 level on daily chart. Further rise towards the upper border of the price channel is expected in a couple of weeks. Near term support is at 1.0632, only fall...
USDCHF Analysis – August 15, 2009
USDCHF stays in a trading range between 1.0562 and 1.1021. One more rise above 1.1021 to reach the next cycle top on daily chart would more likely be seen next week. However, the price action from 1.0590...
USDJPY Analysis – August 15, 2009
USDJPY has formed a cycle top at 97.78 level on daily chart. Deeper decline to test 91.73 previous low support is expected in a couple of weeks. Near term resistance is at 97.78, only rise above this...
AUDUSD Analysis – August 15, 2009
AUDUSD remains in uptrend from 0.6248 and the rise extends to as high as 0.8477 level. As long as 1.8180 support holds, wed expect further rally to 0.8600 zone. However, below this level will indicate that the...
GBPUSD Analysis – August 15, 2009
No changed in our view, GBPUSD is forming a cycle top at 1.7042 level on daily chart. Deeper decline to test 1.6339 key support is expected next week, a break of this level will confirm the cycle...
EURUSD Analysis – August 15, 2009
EURUSD is forming a cycle top at 1.4447 level on daily chart. Key support is now located at 1.4086, a break down below this level will confirm the cycle top. Then deeper decline could be seen to...