USDCAD Analysis – Dec 13, 2008
USDCAD fails to test 1.2125 support and rebounds from 1.2158. The pair might be forming a cycle bottom at 1.2158 level on daily chart. Further rise to retest 1.3015 is now in favor. Initial support is at...
Category: Long Term Forex Analysis
USDCHF Analysis – Dec 13, 2008
USDCHF breaks below 1.1828 support, suggesting that a cycle top has been formed at 1.2296 on daily chart. Deeper decline is still possible to 1.1600 zone next week. However, the fall from 1.2296 is treated as correction...
USDJPY Analysis – Dec 13, 2008
USDJPY breaks below 90.92 previous low support and reaches as low as 88.53 level. Further fall is still possible to 87.00 zone. Initial resistance is now located at 93.90, only rise above this level will indicate that...
AUDUSD Analysis – Dec 13, 2008
AUDUSD continues to sideways consolidation in a range between 0.6008 and 0.7014. further rise to test 0.7014 resistance is possible next week. A break above this level will indicate that the down trend from 0.9849 (July 15...
GBPUSD Analysis – Dec 13, 2008
GBPUSD remains in down trend. The price action from 1.4557 is treated as consolidation to down trend. Further rebound towards 1.5534 could be seen next week. As long as 1.5534 resistance holds, we’d expect down trend to...
EURUSD Analysis – Dec 13, 2008
EURUSD breaks above 1.3290 long term key resistance, suggesting that the down trend from 1.6038 (July 17 high) has terminated. Further rally is still possible to 1.3850-1.4000 area in next several days. Initial support is located at...
USDCAD Analysis – Dec 6, 2008
USDCAD fails to test the previous high resistance at 1.3015, and pulls back from 1.3005 level. Further fall would more likely be seen to 1.2300 zone next week. However, a break above 1.3015 will signal further rally...
USDCHF Analysis – Dec 6, 2008
USDCHF is forming a sideways consolidation in a range between 1.1828 and 1.2296 on daily chart. Further rise is still in favor, the target would be at 1.2500 zone, and a break above 1.2296 previous high resistance...
USDJPY Analysis – Dec 6, 2008
USDJPY is testing 90.92 previous low support. Rebound would more likely be seen before breaking below this level. Initial resistance is at 95.00 and key resistance is located at 97.43 level. A break above the key resistance...
AUDUSD Analysis – Dec 6, 2008
AUDUSD stays in the trading range between 0.6008 and 0.7014. Further rebound is still possible to test 0.7014 resistance in next several days. A break above this level will indicate that the down trend from 0.9849 (July...