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...
Category: Long Term Forex Analysis
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...
USDJPY Analysis – Aug 20, 2008
USDJPY is forming a sideways consolidation in a range between 108.36 and 110.66. As long as 108.36 support holds, we’d expect up trend to resume, and further rise is still possible to 112.00 level after consolidation. Only...
AUDUSD Analysis – Aug 20, 2008
AUDUSD formed a sideways consolidation in a narrow range between 0.8591 and 0.8795. Further fall is expected to test 0.8512 (Jan 22 low) support after consolidation. Initial resistance is located at 0.8795 followed by 0.8890, as long...
GBPUSD Analysis – Aug 20, 2008
GBPUSD remains in down trend. Rebound from 1.8512 is treated as consolidation to down trend. Further fall is still possible to 1.8200 after consolidation. Initial resistance is at 1.8900, as long as the pair stays below this...
EURUSD Analysis – Aug 20, 2008
EURUSD remains in down trend and the fall from 1.6038 extends further to 1.4629 level. Deeper decline is expect to test the support of the up trend line from 1.1825 (Feb 27, 2006 low) to 1.3360 (Aug...
USDCAD Analysis – Aug 16, 2008
USDCAD is in up trend and the fall from 1.0727 is treated as consolidation to up trend. Further pullback to 1.0500 is still possible next week. However, as long as 1.0500 level holds, we’d expect up trend...
USDCHF Analysis – Aug 16, 2008
USDCHF’s up trend remains, and the rise from 1.0010 extends to as high as 1.1007 level. Further rise towards 1.1200 level is still possible next week. Initial support is now located at 1.0740, only fall below this...
USDJPY Analysis – Aug 16, 2008
USDJPY is in consolidation to up trend. Pullback to retest 108.36 level is still possible next week. As long as 108.36 support holds, we’d expect up trend to continue and further rise towards 112.00 could be seen...
AUDUSD Analysis – Aug 16, 2008
AUDUSD is in down trend and dropped sharply from 0.9849 to 0.8591 level. Further fall to test 0.8512 (Jan 22 low) support is possible next week. Initial resistance is now at 0.8890, as long as this resistance...