GBPUSD Analysis – Feb 17, 2008
GBPUSD is forming a sideways consolidation in a range between 1.9337 and 2.0099. Rise towards 1.9900 area to reach the next cycle top on daily chart is still in favor. Key support is at 1.9337, breakdown of...
Category: Long Term Forex Analysis
EURUSD Analysis – Feb 17, 2008
EURUSD formed a cycle bottom on daily chart, and the consolidation from 1.4966 has completed at 1.4438 level. Further rally to test 1.4966 long term key resistance is still possible, a break of this level will signal...
USDCAD Analysis – Feb 13, 2008
Being supported by the price channel, USDCAD rebound from 0.9871 level. Rise towards 1.0750 area to reach the next cycle top on daily chart is still in favor, and a break of 1.0126 level is needed to...
USDCHF Analysis – Feb 13, 2008
USDCHF might be forming a cycle top at 1.1102 level. Pullback to test the previous low support at 1.0729 is expected. A break of 1.0860 key support will confirm the cycle top. Near term resistance is at...
USDJPY Analysis – Feb 13, 2008
No changed in our view, USDJPY formed a cycle bottom on daily chart, and the fall from 114.77 has completed at 104.96 level. Rebound towards 112.50 area to reach the next cycle top on daily chart could...
AUDUSD Analysis – Feb 13, 2008
No changed in our view, AUDUSD is in up trend. The fall from 0.9100 is treated as consolidation to the up trend. Further rise to test 0.9398 previous high resistance could still be seen after consolidation, and...
GBPUSD Analysis – Feb 13, 2008
Being supported by the previous low at 1.9337, GBPUSD rebounded from 1.9386. Further rise to 1.9900 area to reach the next cycle top on daily chart is expected. Key support is at 1.9337, only breakdown of this...
EURUSD Analysis – Feb 13, 2008
EURUSD is forming a cycle bottom on daily chart, and the fall from 1.4951 has completed at 1.4438 level. Further rise to test the previous high resistance at 1.4966 is expected, and a break of 1.4670 level...
USDCAD Analysis – Feb 9, 2008
USDCAD’s consolidation from 1.0248 might be completed at 0.9871 level. Rise towards 1.0750 area to reach the next cycle top on daily chart is now in favor, and a break of 1.0126 level is needed to confirm...
USDCHF Analysis – Feb 9, 2008
USDCHF is moving to the next cycle top on daily chart, further rise towards 1.1150 area is still possible next week, and the next cycle top is nearing. Key support is at 1.0729, a breakdown below this...