GBPUSD Analysis – Mar 5, 2008
GBPUSD might be forming a cycle top at 1.9971 on daily chart. Key support is at 1.9760, a break of this level will confirm the cycle top and signal the resumption of the down trend, pullback to...
Category: Long Term Forex Analysis
EURUSD Analysis – Mar 5, 2008
EURUSD’s up trend remains. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible and the next cycle top is nearing. Key support is at 1.4950, a break of this...
USDCAD Analysis – Mar 1, 2008
As expected, USDCAD breaks below 0.9756 previous low. The rebound from 0.9709 is treated as consolidation to the down trend. Further fall to test 0.9056 (Nov 2007 low) is expected after consolidation. Near term resistance is at...
USDCHF Analysis – Mar 1, 2008
USDCHF broke below 1.0729 previous low support and drops sharply to as low as 1.0400 level. Deeper decline to 1.0200 area to reach the next cycle bottom on daily chart is still possible. Near term resistance is...
USDJPY Analysis – Mar 1, 2008
USDJPY breaks below 104.96 and drops sharply to as low as 103.67 level. Deeper decline to test 101.65 (Jan 2005 low) is still possible. Near term resistance is at 106.60, as long as this resistance holds, we’d...
AUDUSD Analysis – Mar 1, 2008
AUDUSD is forming a cycle top at 0.9496 on daily chart, key support is at the rising price channel, a break of the channel support will confirm the cycle top, and pullback to 0.8600 area is expected...
GBPUSD Analysis – Mar 1, 2008
GBPUSD breaks above 1.9957 previous high and reached as high as 1.9971. Further rise to 2.0050 area to reach the next cycle top on daily chart is still possible, and the next cycle top is nearing. Key...
EURUSD Analysis – Mar 1, 2008
EURUSD rises sharply to as high as 1.5238 level. Further rally to 1.5400 area to reach the next cycle top on daily chart is still possible next week. Near term support is at 1.5050 and followed by...
USDCAD Analysis – Feb 27, 2008
USDCAD breaks below this rising price channel support and is now in down trend. Further fall below 0.9756 previous low to reach the next cycle bottom on daily chart could still be seen. Near term resistance is...
USDCHF Analysis – Feb 27, 2008
USDCHF breaks below 1.0729 previous low support and reaches as low as 1.0704 level. Deeper decline to 1.0500 area to reach the next cycle bottom on daily chart is still possible. Near term resistance is at 1.0950,...