USDCAD Analysis – Feb 1, 2009
USDCAD formed a cycle top at 1.2765 level on daily chart. Consolidation in a range between 1.1761 and 1.2765 is now in favor in a couple of weeks. Long term key resistance is located at 1.3015, a...
Category: Long Term Forex Analysis
USDCHF Analysis – Feb 1, 2009
Being supported by the lower border of the rising price channel on daily chart, USDCHF rebounds from 1.1313 level. Further rise is still possible to 1.1900 zone, and a break of 1.1714 will confirm the resumption of...
USDJPY Analysis – Feb 1, 2009
USDJPY is in range trading between 87.12 and 94.61. Further rally would more likely be seen next week, and the target would be at 93.00 zone. Key resistance is now at 94.61, a break above this level...
AUDUSD Analysis – Feb 1, 2009
AUDUSD is testing the support of the lower border of the price channel on daily chart. The fall from 0.7267 could possibly be resumption of the long term downtrend from 0.9849 (July 15, 2008 high). A break...
GBPUSD Analysis – Feb 1, 2009
GBPUSD is in downtrend, and the rebound from 1.3503 is treated as consolidation of the long term downtrend from 2.0158 (July 15, 2008 high). Key resistance is located at 1.5372, as long as this level holds, we’d...
EURUSD Analysis – Feb 1, 2009
EURUSD failed to test 1.3385 key resistance and dropped below 1.2764 previous low, suggesting that the pair is back to medium downtrend from 1.4719. Further fall is now in favor, and the next target would be at...
USDCHF Analysis – Jan 27, 2009
USDCHF might be forming a cycle top at 1.1714 level on daily chart. Key support is at the lower border of the rising price channel. A break down below the channel support will confirm the cycle top,...
EURUSD Analysis – Jan 27, 2009
EURUSD might be forming a cycle bottom at 1.2764 on daily chart. Key resistance is located at 1.3385, a break above this level will confirm the cycle bottom, and the following rebound could be seen to 1.3950-1.4000...
USDCAD Analysis – Jan 24, 2009
USDCAD pulled back from 1.2765 and formed a cycle top on daily chart. Further fall could be seen to 1.1900 zone in next several days. Initial resistance is at 1.2765, only rise above this level will signal...
USDCHF Analysis – Jan 24, 2009
USDCHF’s uptrend from 1.0366 extends to 1.1714 level. Further rise is still possible to 1.1800 zone next week. However, the next cycle top on daily chart is nearing, the pair may be topping at 1.1714 level. Key...