GBPUSD Analysis – Jun 18, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9363 and 1.9852, and will move without trend in this range in next few days. As long as 1.9363 support holds, we’d expect up trend to resume...
Category: Long Term Forex Analysis
EURUSD Analysis – Jun 18, 2008
Being contained by 1.5284 previous low support, EURUSD rebounded from 1.5302. The rise is treated as consolidation to down trend. Deeper decline to 1.5000 area is still possible, and down trend will be confirmed by breaking below...
USDCAD Analysis – Jun 14, 2008
USDCAD is testing 1.0326 previous high resistance. Consolidation would more likely be seen in next few days. Up trend will resume after consolidation and rise to 1.0750 is expected to follow. Key support is at 0.9818, only...
USDCHF Analysis – Jun 14, 2008
USDCHF formed a cycle bottom at 1.0147 on daily chart. Further rally to 1.0800 area is possible in next few day. Initial support is at 1.0300 and key support is at 1.0147, only break of the key...
USDJPY Analysis – Jun 14, 2008
USDJPY is in up trend. Further rise to 110.00 area to reach next cycle top on daily chart is still possible. Initial support is at 106.55 and key support is at 103.87, only break down below 103.87...
AUDUSD Analysis – Jun 14, 2008
AUDUSD broke below the up trend line from 0.8953 to 0.9291. Deeper decline to test 0.9275 level is still possible next week. As long as 1.9275 support holds, we’d expect up trend to resume and rise above...
GBPUSD Analysis – Jun 14, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9363 and 1.9852. Pullback to retest 1.9363 level is still possible next week. As long as 1.9363 support holds, we’d expect up trend to resume and rise...
EURUSD Analysis – Jun 14, 2008
EURUSD is testing 1.5284 previous low support. If this support gives way, deeper decline to 1.5000 area to reach the next cycle bottom on daily chart could be seen. Initial resistance is at 1.5585, as long as...
USDCAD Analysis – Jun 11, 2008
USDCAD is testing 1.0326 previous high resistance. Consolidation would more likely be seen before breaking above this level. Up trend will resume after consolidation and rise to 1.0750 is expected to follow. Key support is at 0.9818,...
USDCHF Analysis – Jun 11, 2008
USDCHF broke below 1.0211 support and reached 1.0147 only. The pair might be forming a cycle bottom at 1.0147 on daily chart. Further rise to test 1.0623 previous high resistance is expected in next several days. Only...