GBPUSD Analysis – Mar 28, 2009
GBPUSD remains in uptrend from 1.3654. Further rise above 1.4985 to reach the next cycle top on daily chart is possible in a couple of weeks. Key support is located at 1.3654, below this level will indicate...
Category: Long Term Forex Analysis
EURUSD Analysis – Mar 28, 2009
As expected, EURUSD formed a cycle top at 1.3738 level on daily chart. Consolidation in a range between 1.2950 and 1.3738 is expected in a couple of weeks. Initial resistance is at 1.3738, only rise above this...
EURUSD Analysis – Mar 25, 2009
EURUSD might be forming a cycle top at 1.3738 on daily chart. Key support is now located at 1.3250, a break below this level will confirm the cycle top and deeper decline could then be seen to...
USDCAD Analysis – Mar 21, 2009
USDCAD has formed a cycle top at 1.3063 level on daily chart. Further fall is expected next week and target would be at 1.2000 zone. Near term resistance is at 1.2500, as long as this level holds,...
USDCHF Analysis – Mar 21, 2009
USDCHF’s rise from 1.0366 has completed at 1.1963 level. Deeper decline is now in favor and the next target is at 1.1000 zone. Initial resistance is at 1.1450, as long as this level holds, we’d expect downtrend...
USDJPY Analysis – Mar 21, 2009
USDJPY might be forming a cycle bottom at 93.53 on daily chart. Sideways movement in a range between 93.53 and 99.67 would more likely be seen in a couple of weeks. The price action from 99.67 is...
AUDUSD Analysis – Mar 21, 2009
AUDUSD breaks above 0.6849 resistance. Further rally is expected next week, and the next target would be at 0.7100-0.7150 area. Key support is now located at 0.6565, below this level will indicate that the rise from 0.6284...
GBPUSD Analysis – Mar 21, 2009
GBPUSD formed a cycle bottom at 1.3654 level on daily chart. Further rise to test 1.4985 resistance is now in favor, a break of this level will indicate that the fall from 2.0158 (July 15, 2008 high)...
EURUSD Analysis – Mar 21, 2009
EURUSD’s rise from 1.2456 has extended to as high as 1.3738. Further rally to 1.4000 zone to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.3435 and...
USDCAD Analysis – Mar 19, 2009
USDCAD drops below 1.2500 key support, suggesting a cycle top has been formed at 1.3063 level on daily chart, and the pair is back to range trading between 1.1464 and 1.3063. Further fall is now in favor....