USDCAD Analysis – Oct 15, 2008
As expected, USDCAD formed a cycle top at 1.2123 on daily chart. Consolidation in a range between 1.1000 and 1.2123 could be seen in next several weeks. Key resistance is now located at 1.2123, and this level...
Category: Long Term Forex Analysis
USDJPY Analysis – Oct 15, 2008
USDJPY rebounds from 97.91 level and is moving to the next cycle top on daily chart. However, the next cycle top is nearing. Pullback could be seen to retest 97.91 previous low support in next several days.
USDCAD Analysis – Oct 11, 2008
USDCAD’s up trend extends sharply to as high as 1.2123 level. Further rally towards 1.2500 zone to reach the next cycle top on daily chart is still possible next week. However, the next cycle top is nearing,...
USDCHF Analysis – Oct 11, 2008
USDCHF pulled back from 1.1486 and formed a sideways consolidation in a range between 1.1128 and 1.1486. Further rally could be seen after consolidation, a break of 1.1486 level will signal resumption of up trend, and the...
USDJPY Analysis – Oct 11, 2008
USDJPY’s down trend from 110.66 extends to 97.91 level. Rebound towards 103.00 zone could be seen to reach next cycle top on daily chart next week. However, the rise from 97.91 is treated as consolidation to down...
AUDUSD Analysis – Oct 11, 2008
AUDUSD breaks below 0.6775 (June 2004 low) long term support, and drops sharply to 0.6330 level. Deeper decline is still possible to 0.6000 zone next week. Initial resistance is located at 0.7150, as long as this level...
GBPUSD Analysis – Oct 11, 2008
GBPUSD falls below 1.7047 (Nov 2005 low) long term support and reaches as low as 1.6786 level. Deeper decline is still possible to 1.6500 zone in a couple of weeks. Initial resistance is now located at 1.7230...
EURUSD Analysis – Oct 11, 2008
EURUSD’s down trend extends further to 1.3258 level. Initial resistance is now located at 1.3785, as long as this level holds, we’d expect down trend to continue and further decline is still possible next week, target would...
USDCHF Analysis – Oct 8, 2008
As expected, USDCHF breaks above 1.1416 previous high resistance and reaches as high as 1.1486 level. Further rise could be seen to 1.1800 zone in a couple of weeks. Initial support is at 1.1217 and followed by...
GBPUSD Analysis – Oct 8, 2008
GBPUSD breaks below 1.7445 previous low support and reaches as low as 1.7318 level. Deeper decline could be seen to 1.6500 zone in a couple of weeks. Initial resistance is at 1.7836, only break above this level...