EURUSD Analysis – Aug 6, 2008
EURUSD’s down trend remains and the fall from 1.6038 extends further to as low as 1.5445 level. Deeper decline to test 1.5284 previous low support is still possible in next several days. Near term resistance is at...
Category: Long Term Forex Analysis
USDCAD Analysis – Aug 2, 2008
USDCAD’s up trend from 0.9974 extends further to as high as 1.0296 level. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is still in favor. Initial support is at 1.0150 only fall...
USDCHF Analysis – Aug 2, 2008
USDCHF is testing the previous high resistance at 1.0539, a break of this level will confirm the resumption of long term up trend from 0.9634 (Mar 17 low). Key support is now located at 1.0314, only fall...
USDJPY Analysis – Aug 2, 2008
Being contained by the previous high resistance at 108.58, USDJPY formed a sideways consolidation in a narrow range between 107.28 and 108.37. Initial support is at 106.57, as long as this support holds, we’d expect up trend...
AUDUSD Analysis – Aug 2, 2008
AUDUSD drops sharply to as low as 0.9285 level. Further fall towards 0.8953 (Mar 20 low) is still possible. Initial resistance is now at 0.9475, only rise above this level will turn price back to up trend.
GBPUSD Analysis – Aug 2, 2008
GBPUSD formed a cycle top at 2.0158 on daily chart and is now in down trend. Deeper decline to test 1.9337 (Jan 22 low) is still possible, and a break below 1.9647 will confirm such case. Key...
EURUSD Analysis – Aug 2, 2008
EURUSD is in down trend and the fall from 1.6038 extends further to 1.5515 level. Deeper decline is still possible to test 1.5302 previous low support. Initial resistance is at 1.5768, as long as this resistance holds,...
USDCAD Analysis – Jul 30, 2008
USDCAD breaks above 1.0238 resistance. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is now in favor. Initial support is at 1.0150 and key support is at 0.9974, only fall below 0.9974...
USDCHF Analysis – Jul 30, 2008
USDCHF breaks above the resistance of the down trend line from 1.0623 to 1.0539. Further rise to test 1.0539 is still possible, and a break of this level will confirm the resumption of long term up trend....
USDJPY Analysis – Jul 30, 2008
USDJPY’s up trend from 103.76 extends to as high as 108.29. Further rise towards 112.00 is expected to follow in a couple of week. Key support is now located at 103.76, only fall below this level will...