AUDUSD Analysis – July 25, 2009
AUDUSD is testing 0.8263 previous high resistance. Breaking above this level would more likely be seen next week and further rally to 0.8500 zone to reach the next cycle top on daily chart is expected to follow....
Category: Long Term Forex Analysis
GBPUSD Analysis – July 25, 2009
GBPUSD is in range trading between 1.5801 and 1.6743. Further rise to test 1.6743 previous high resistance is possible next week and pullback would more likely be seen before breaking above this level. Near term support is...
EURUSD Analysis – July 25, 2009
EURUSD is testing 1.4338 previous high resistance, pullback would more likely be seen before breaking above this level. Key support is now at 1.4050, a break below this level will indicate that a cycle top has been...
AUDUSD Analysis – July 21, 2009
AUDUSD breaks above the resistance of the upper border of falling price channel, suggesting that a cycle bottom has been formed at 0.7703 level on daily chart, and the uptrend from 0.6248 has resumed. Further rally is...
USDCAD Analysis – July 19, 2009
After breaking below the lower border of the price channel, USDCAD drops sharply to as low as 1.1116 level. Further fall towards 1.0784 previous low is expected next week. Near term resistance is at 1.1260 followed by...
USDCHF Analysis – July 19, 2009
USDCHF stays in a trading range between 1.0590 and 1.1021. Deeper decline to 1.0600-1.0650 area to reach the next cycle bottom on daily chart is expected next week. However, 1.0590 key support would more likely be held,...
USDJPY Analysis – July 19, 2009
Being contained by the support of the lower border of the price channel on daily chart, USDJPY rebounds from 91.73 level. However, the rise is more likely consolidation of downtrend from 98.88, deeper decline is still possible...
AUDUSD Analysis – July 19, 2009
AUDUSD rebounds from 0.7703. Further rally is expected to test the resistance of the upper border of the price channel, a clear break above the channel resistance will indicate that a cycle bottom has been formed at...
GBPUSD Analysis – July 19, 2009
GBPUSD stays in a trading range between 1.5801 and 1.6743. As long as 1.5801 support holds, the price action from 1.6662 is treated as consolidation of uptrend from 1.3654, and further rally is possible to 1.7000-1.7500 area...
EURUSD Analysis – July 19, 2009
EURUSD stays in a trading range between 1.3748 and 1.4338. Moving sideways without trend in the range is expected next week. Near term resistance is at 1.4197, and key resistance is at 1.4338, a break above 1.4338...