USDJPY Analysis – Jul 16, 2008
USDJPY broke below 104.98 support and is now in down trend. Deeper decline is possible to 100.00 area. Key resistance is now located at 107.75, only rise above this level will signal resumption of long term up...
Category: Long Term Forex Analysis
AUDUSD Analysis – Jul 16, 2008
AUDUSD’s up trend extends further to as high as 0.9849 level. Further rise towards 1.0000 level is now in favor. Initial support is at the up trend line from 0.9327 to 0.9475, only fall below the trend...
GBPUSD Analysis – Jul 16, 2008
As expected, GBPUSD broke above 2.0006 resistance and formed a cycle bottom at 1.9647 on daily chart. Further rise to test 2.0391 (Mar 14 high) is still possible in next few days. Initial support is at 1.9647,...
EURUSD Analysis – Jul 16, 2008
EURUSD broke above 1.6019 (Apr 22 high) resistance and reached 1.6038 high. Further rise towards 1.7000 is still possible after consolidation. Initial support is at the up trend line from 1.5302 to 1.5611, as long as the...
USDCAD Analysis – Jul 12, 2008
No changed in our view, USDCAD is forming a sideways consolidation in a range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. Initial resistance is at 1.0238 and...
USDCHF Analysis – Jul 12, 2008
USDCHF is testing 1.0111 previous low support. A break of this level will signal further decline to 1.0000 area. Initial resistance is at 1.0351, as long as this resistance holds, the pair stays in down trend.
USDJPY Analysis – Jul 12, 2008
USDJPY moved without trend and formed a sideways consolidation in a range between 104.98 and 108.58. As long as 104.98 support holds, we’d expect up trend to resume and further rise to 112.00 area is possible after...
AUDUSD Analysis – Jul 12, 2008
AUDUSD broke above 0.9667 previous high resistance and recorded a new high at 0.9716 level. Further rise to 0.9800 is still possible next week. Initial support is at the up trend line from 0.9327 to 0.9475, break...
GBPUSD Analysis – Jul 12, 2008
GBPUSD is forming a cycle bottom at 1.9647 on daily chart. Further rise to 2.0200 to reach next cycle top is still possible next week, and a break of 2.0006 previous high is needed to confirm such...
EURUSD Analysis – Jul 12, 2008
EURUSD broke above 1.5908 previous high resistance and reached 1.5945 level. Further rise to test 1.6019 (Apr 22 high) is still possible next week, a break above this level will take price to 1.6300 area. However, as...