USDJPY Analysis – Jun 28, 2008
USDJPY broke below the price channel support and formed a cycle top at 108.58 on daily chart. Deeper decline to 104.00 area could be seen next week. Key resistance is located at 108.58, only rise above this...
Category: Long Term Forex Analysis
AUDUSD Analysis – Jun 28, 2008
AUDUSD’s up trend remains. Further rise above 0.9653 resistance to reach next cycle top on daily chart is still in favor. Initial support is at 0.9450 and key support is at 0.9327, only break down below this...
GBPUSD Analysis – Jun 28, 2008
GBPUSD broke above 1.9852 resistance and reached as high as 1.9952 level. Further rise to 2.0200 area could be seen in a couple of weeks. Initial support is at 1.9650, only break down below this level will...
EURUSD Analysis – Jun 28, 2008
EURUSD formed a cycle bottom at 1.5302 on daily chart. Further rise to test 1.6019 (Apr 22 high) could be seen in a couple of weeks. A break of 1.6019 level will indicate that the sideways consolidation...
USDCAD Analysis – Jun 25, 2008
USDCAD formed a cycle top at 1.0322 level on daily chart. Range trading between 1.0000 and 1.0322 would more likely be seen before breaking above 1.0322. However, a break above 1.0322 level will indicate that long term...
USDCHF Analysis – Jun 25, 2008
USDCHF might be forming a cycle top at 1.0539 on daily chart. Lengthier consolidation would more likely be seen and pullback to test the support of the up trend line from 0.9634 to 1.0147 is expected. Key...
USDJPY Analysis – Jun 25, 2008
USDJPY might be forming a cycle top at 108.58 on daily chart. Sideways consolidation would more likely be seen and pullback to retest the support of the price channel is expected in next few days. Initial resistance...
AUDUSD Analysis – Jun 25, 2008
No changed in our view, AUDUSD formed a cycle bottom at 0.9327 on daily chart. Further rise to 0.9800 area is now in favor. Key support is at 0.9327, only break down below this level will indicate...
GBPUSD Analysis – Jun 25, 2008
Being contained by 1.9800 resistance, GBPUSD pulled back from 1.9791 level, suggesting that the pair is back to range trading between 1.9363 and 1.9852. Only break above 1.9800 level will signal resumption of up trend.. Long term...
EURUSD Analysis – Jun 25, 2008
EURUSD formed a cycle bottom at 1.5302 on daily chart. Consolidation could be seen in a range between 1.5302 and 1.5843. A break below 1.5302 level will indicate that consolidation has completed, and pullback to 1.5000 area...