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)...
Category: Long Term Forex Analysis
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....
USDCHF Analysis – Mar 19, 2009
USDCHF breaks below 1.1430 key support, suggesting that a cycle top has been formed at 1.1963 level on daily chart and the medium term uptrend from 1.0366 has completed. Further fall is expected to 1.1000 zone in...
GBPUSD Analysis – Mar 19, 2009
GBPUSD breaks above 1.4305 key resistance, suggesting that a cycle bottom has been formed at 1.3654 level on daily chart and the fall from 1.4985 has completed. Further rebound is expected to test 1.4985 previous high resistance,...
EURUSD Analysis – Mar 17, 2009
EURUSD breaks above 1.2991 key resistance, suggesting that the fall from 1.4719 has completed at 1.2456 level already. Further rally to 1.3200 zone to reach the next cycle top on daily chart is expected in next several...
USDCAD Analysis – Mar 14, 2009
USDCAD broke above 1.3015 (Oct 28, 2008 high) resistance and reached 1.3063 only. The following pullback suggests that a cycle top is being formed on daily chart. Key support is now located at 1.2500, a break below...
USDCHF Analysis – Mar 14, 2009
USDCHF broke below 1.1459 support and reached 1.1430 only. The following rebound indicates that the medium uptrend from 1.0366 has resumed. Further rise towards 1.2100 is expected next week. Key support is now located at 1.1430, only...
USDJPY Analysis – Mar 14, 2009
USDJPY pulled back from 99.67, suggesting that a cycle top has been formed on daily chart. Moving sideways in a range between 95.00 and 100.50 is expected in a couple of weeks. The price action from 99.67...
AUDUSD Analysis – Mar 14, 2009
AUDUSD broke above 0.6553 resistance. Further rise to 0.6700-0.6750 area to reach the next cycle top on daily chart is possible next week. Key support is now located at 0.6248, only fall below this level will signal...