USDCHF Analysis – Mar 28, 2009
USDCHF formed a cycle top at 1.1963 level on daily chart and is now in medium term downtrend. The rebound from 1.1159 is treated as consolidation of the downtrend. Deeper decline is possible to 1.0800 zone in...
Category: Long Term Forex Analysis
USDJPY Analysis – Mar 28, 2009
As expected, USDJPY formed a cycle bottom at 93.53 level on daily chart. Range trading between 93.53 and 99.67 would more likely be seen in a couple of weeks. However, the price action from 99.67 is treated...
AUDUSD Analysis – Mar 28, 2009
AUDUSD might be forming a cycle top at 0.7092 on daily chart. Key support is located at 0.6780, a clear break below this level will confirm the cycle top and then deeper decline could be seen to...
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...
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...