EURUSD Analysis – June 16, 2009
EURUSD breaks below 1.3793 key support, suggesting that a cycle top has been form at 1.4338 level on daily chart and the uptrend from 1.2884 has completed. Deeper decline is now in favor and first target would...
Category: Long Term Forex Analysis
USDCAD Analysis – June 13, 2009
USDCAD is forming a cycle top at 1.1289 level on daily chart. As long as 1.1289 resistance holds, we’d expect the downtrend to resume and further fall towards 1.0400 zone is possible. However, above 1.1289 level will...
USDCHF Analysis – June 13, 2009
USDCHF is forming a cycle top at 1.0986 level on daily chart. Range trading between 1.0590 and 1.0986 is expected next week. A break below 1.0590 key support will confirm the cycle top and signal resumption of...
USDJPY Analysis – June 13, 2009
USDJPY might be forming a cycle top at 98.88 level on daily chart. Pullback towards 95.00 is possible in next several days. However, above 98.88 will indicate that the uptrend from 93.85 has resumed, and further rally...
AUDUSD Analysis – June 13, 2009
AUDUSD is forming a cycle bottom at 0.7827 level on daily chart. Range trading between 0.7827 and 0.8263 is expected next week. The price action in the trading range will be treated as consolidation of uptrend from...
GBPUSD Analysis – June 13, 2009
GBPUSD is forming a cycle bottom at 1.5801 on daily chart. Range trading between 1.5801 and 1.6662 is possible next week. Key resistance is located at 1.6662, a break above this level will indicate that the uptrend...
EURUSD Analysis – June 13, 2009
EURUSD is forming a cycle bottom at 1.3804 level on daily chart. Range trading between 1.3793 and 1.4338 is expected next week. Key resistance is at 1.4338, a break above this level will confirm the cycle bottom,...
USDCAD Analysis – June 10, 2009
Being contained by the resistance of the falling trend line from 1.2504 to 1.1813, USDCAD drops from 1.1289 level, suggesting that a cycle top is being formed on daily chart. Further fall is expected to re-test 1.0784...
USDCHF Analysis – June 10, 2009
USDCHF is forming a cycle top at 1.0986 level on daily chart. Key support is now located at 1.0590, a break down below this level is needed to confirm the cycle top. Near term resistance is at...
USDJPY Analysis – June 10, 2009
USDJPY might be forming a cycle top at 98.88 level on daily chart. Deeper decline would more likely be seen in next several days. Near term resistance is located at 98.88, a break above this level will...