AUDUSD Analysis – Feb 14, 2009
AUDUSD formed a cycle bottom at 0.6248 level on daily chart. Further rise is expected to 0.7150 zone in a couple of weeks. Near term support is located at 0.6248, only break below this level will indicate...
Category: Long Term Forex Analysis
GBPUSD Analysis – Feb 14, 2009
GBPUSD is forming a cycle top at 1.4985 on daily chart. Key support is located at 1.4051, a break below this level will confirm the cycle top, and then sideways consolidation in a range between 1.3503 and...
EURUSD Analysis – Feb 14, 2009
EURUSD traded in a range between 1.2706 and 1.3329 for several weeks. The price action in the trading range is more likely consolidation of the medium term downtrend from 1.4719. Further fall is still possible to 1.2500...
USDCAD Analysis – Feb 7, 2009
USDCAD formed a sideways consolidation in a range between 1.1464 and 1.3015 for several months. The price action from 1.3015 is more likely a triangle pattern. Consolidation in a range between 1.1761 and 1.2765 is now in...
USDCHF Analysis – Feb 7, 2009
USDCHF is in medium term uptrend. Further rise is still possible to 1.2000 zone in a couple of weeks. Key support is located at 1.1313, only fall below this level will indicate that the medium term uptrend...
USDJPY Analysis – Feb 7, 2009
USDJPY continues the sideways consolidation in a range between 87.12 and 94.61. Further rally to test the previous high resistance at 94.61 would more likely be seen next week, a break above this level will indicate that...
AUDUSD Analysis – Feb 7, 2009
AUDUSD breaks above the key resistance at 0.6729, suggesting that a cycle bottom has been formed at 0.6248 on daily chart. Further rise is now in favor, and the target would be at 0.7100 zone. Key support...
GBPUSD Analysis – Feb 7, 2009
GBPUSD formed a cycle bottom at 1.3503 level on daily chart. Further rise towards 1.5400 area to reach the next cycle top is expected in a couple of weeks. Initial support is located at 1.4050, only fall...
EURUSD Analysis – Feb 7, 2009
No changed in our view, EURUSD remains in medium downtrend. Deeper decline is still possible next week. The next target would be at 1.2500-1.2600 area. Key resistance is now located at 1.3329, only rise above this level...
USDCHF Analysis – Feb 6, 2009
USDCHF breaks above 1.1714 resistance, suggesting that the medium term uptrend from 1.0366 has resumed. Further rise is now in favor and the next target would be at 1.2000 zone. Key support is at 1.1313, only fall...