USDCAD Analysis – Mar 3, 2009
USDCAD breaks above 1.2765 resistance and reaches as high as 1.2933 level. Further rise to test 1.3015 long term key resistance is expected in a couple of days. A break above this level will indicate that the...
Category: Long Term Forex Analysis
USDCAD Analysis – Feb 28, 2009
USDCAD breaks out of the triangle pattern on daily chart and is testing the 1.2765 resistance. A break above this level will signal further rally to test 1.3015 long term key resistance. Above this level will indicate...
USDCHF Analysis – Feb 28, 2009
USDCHF is forming a cycle top at 1.1883 on daily chart. Key support is now located at 1.1459, a break down below this level will confirm the cycle top, and then the fallowing pullback could take price...
USDJPY Analysis – Feb 28, 2009
USDJPY moves sharply to as high as 98.70 level. Further rise to test 100.54 previous high resistance is expected after consolidation. Near term support is located at 95.80, as long as this level holds, the uptrend from...
AUDUSD Analysis – Feb 28, 2009
AUDUSD stays in a trading range between 0.6248 and 0.6849. Deeper decline would more likely be seen next week. Near term support is located at 0.6248, a break below this level will signal further fall to test...
GBPUSD Analysis – Feb 28, 2009
GBPUSD continues to move sideways above 1.4051 support. Consolidation in a range between 1.3503 and 1.4985 is expected in a couple of weeks. Deeper decline to 1.3700 could be seen if 1.4051 support gives way. Near term...
EURUSD Analysis – Feb 28, 2009
EURUSD remains in medium term downtrend from 1.4719. Deeper decline is still in favor, a break down below 1.2512 level will signal resumption of the downtrend, and the next target would be at 1.2400 zone. Key resistance...
USDJPY Analysis – Feb 24, 2009
USDJPY breaks above 94.61 previous high resistance, suggesting that a cycle bottom has been formed at 87.12 on daily chart and the fall from 110.60 (Aug 15, 2008 high) has completed. Further rally is now in favor....
USDCAD Analysis – Feb 21, 2009
USDCAD has reaches the upper border of the triangle pattern. Pullback would more likely be seen and target would be at 1.1850-900 area. However, a break below 1.2280 level is needed to confirm such case. Initial resistance...
USDCHF Analysis – Feb 21, 2009
USDCHF pulls back sharply from 1.1883, suggesting that a cycle top is being formed. Key support is located at 1.1399, a break below this level will confirm the cycle top, and then deeper decline could be seen...