USDJPY Analysis – Sep 6, 2008
USDJPY might be forming a cycle bottom at 105.52 on daily chart. Rebound to test 110.66 previous high resistance is now in favor in next several days. Initial support is at 105.52, below this level will indicate...
Category: Long Term Forex Analysis
AUDUSD Analysis – Sep 6, 2008
AUDUSD breaks below the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low). Deeper decline is still possible to 0.7800 zone in a couple of weeks. Initial resistance is at...
GBPUSD Analysis – Sep 6, 2008
GBPUSD’s down trend remains and the fall from 2.0158 extends further to as low as 1.7537 level. Deeper decline is still possible to 1.7000-1.7200 area in a couple of weeks. Initial resistance is at the down trend...
EURUSD Analysis – Sep 6, 2008
EURUSD breaks through the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Deeper decline is expected to 1.3700-1.4000 area next week. Initial resistance is at the down...
USDCAD Analysis – Sep 3, 2008
USDCAD breaks above 1.0727 previous high resistance, suggesting that the long term up trend is underway. Further rise towards 1.1200 is expected after consolidation. Initial support is at 1.0410, as long as this support holds, up trend...
USDCHF Analysis – Sep 3, 2008
USDCHF’s up trend remains and the rise from 1.0010 extends further to as high as 1.1128 level. Further rise is expected to 1.1300 level in next few days. Initial support is at 1.0842, only break down below...
USDJPY Analysis – Sep 3, 2008
USDJPY is in consolidation to up trend. Deeper decline is still possible to test the support of the up trend line from 95.77 (Mar 17 low) to 103.76, now at 107.10 level. Key resistance is at 110.66,...
AUDUSD Analysis – Sep 3, 2008
AUDUSD’s down trend extends further to as low as 0.8269 level. Further fall to test the support of the up trend line from 0.4815 (Sep 2001 low) to 0.7675 (Aug 2007 low), now at 0.8195 level. If...
GBPUSD Analysis – Sep 3, 2008
GBPUSD drops sharply to as low as 1.7782 level. Deeper decline is still possible to 1.7500 in next few days. Initial resistance is at 1.8130 followed by 1.8365. As long as 1.8365 level holds, we’d expect down...
EURUSD Analysis – Sep 3, 2008
EURUSD is test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low). Breaking below the trend line support will signal deeper decline towards 1.4000 zone. If the...