USDCAD Analysis – Jul 9, 2008
USDCAD traded in range between 1.0048 and 1.0322. Another fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long term up trend.
Category: Long Term Forex Analysis
USDCHF Analysis – Jul 9, 2008
USDCHF formed a cycle bottom at 1.0111 on daily chart. Further rise to test 1.0539 previous high resistance could be seen in next few days. Rise above this level will signal resumption of long term up trend,...
USDJPY Analysis – Jul 9, 2008
USDJPY formed a cycle bottom at 104.98 on daily chart. Further rise is expected to test 108.58 previous high resistance, a break above this level will confirm the resumption of uptrend, and next target would be at...
AUDUSD Analysis – Jul 9, 2008
AUDUSD is forming a cycle top at 0.9667 on daily chart. Key support is at 0.9493, a break below this level will confirm the cycle top. As long as the pair stays above 0.9493, we’d expect uptrend...
GBPUSD Analysis – Jul 9, 2008
GBPUSD pulled back sharply from 2.0006 and reached as low as 1.9647. Deeper decline to 1.9550 area is expected in a couple of days. However, one more rise above 2.0006 to form the next cycle top is...
EURUSD Analysis – Jul 9, 2008
EURUSD is forming a cycle top at 1.5908 on daily chart. Key support is located at 1.5535 level, a break below this level will confirm the cycle top and encourage further pullback to retest 1.5302 previous low...
USDCAD Analysis – Jul 5, 2008
USDCAD is forming a sideways consolidation in a range between 1.0048 and 1.0322, one more fall below 1.0048 would more likely be seen to complete the consolidation. However, a break above 1.0322 will signal resumption of long...
USDCHF Analysis – Jul 5, 2008
Being contained by the support of the price channel, USDCHF rebounded from 1.0111. The pair might be forming a cycle bottom on daily chart. Further rise to test 1.0539 previous high resistance is still possible in next...
USDJPY Analysis – Jul 5, 2008
USDJPY might be forming a cycle bottom at 104.98 on daily chart. Further rise to test 108.58 previous high resistance is expected, a break above this level will confirm the cycle bottom, and next target would be...
AUDUSD Analysis – Jul 5, 2008
AUDUSD is forming a sideways consolidation in a range between 0.9493 and 0.9667. A break below 0.9493 level will indicate that a cycle top has been formed at 0.9667 on daily chart, and deeper decline could be...