GBPUSD Analysis – Aug 27, 2008
GBPUSD’s down trend remains and the fall from 2.0158 extended further to as low as 1.8330 yesterday. Deeper decline is expected to 1.8000 level in next few days. Key resistance is located at 1.8794, a break above...
Category: Long Term Forex Analysis
EURUSD Analysis – Aug 27, 2008
EURUSD’s down trend extended further to as low as 1.4571 yesterday. Deeper decline to test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug 16, 2007 low) is still in...
USDCAD Analysis – Aug 24, 2008
USDCAD broke below 1.0543 key support, suggest that a cycle top has been formed at 1.0727 level on daily chart. Pullback to retest 0.9974 level is expected. Initial resistance is at 1.0727, only rise above this level...
USDCHF Analysis – Aug 24, 2008
USDCHF remains in up trend, and the rebound from 1.0842 could possibly be resumption of up trend. Further rise towards 1.1200 level is possible in next few days. Initial support is now at 1.0842 followed by 1.0740,...
USDJPY Analysis – Aug 24, 2008
USDJPY is forming a sideways consolidation in a range between 108.13 and 110.66. Rebound from 108.13 could possibly be resumption of up trend. Further rise to 112.00 level is now in favor. Initial support is at 108.13,...
AUDUSD Analysis – Aug 24, 2008
AUDUSD traded in a range between 0.8591 and 0.8812. Deeper decline to test 0.8512 (Jan 22 low) support is still possible after breaking below 0.8591 level. If 0.8512 support gives way, next target would be at 0.8200....
GBPUSD Analysis – Aug 24, 2008
GBPUSD remains in down trend and the fall from 2.0158 extends further to as low as 1.8505 level. Deeper decline towards 1.8000 is possible in next few days. Initial resistance is now located at 1.8794 followed by...
EURUSD Analysis – Aug 24, 2008
EURUSD is forming a sideways consolidation in a range between 1.4629 and 1.4977. As long as price stays below 1.4977 level, we’d expect further decline to test the support of the up trend line from 1.1825 (Feb...
USDCAD Analysis – Aug 20, 2008
USDCAD is in consolidation to up trend. Key support is now located at 1.0543 level. As long as this support holds, we’d expect up trend to resume, and one more rise towards 1.1000 is still possible after...
USDCHF Analysis – Aug 20, 2008
USDCHF remains in up trend, and the rise from 1.0010 extends to as high as 1.1023 level. Further rise towards 1.1200 level is still possible in next few days. Initial support is now located at 1.0740, only...