const SYSLOG_FACILITY = LOG_LOCAL1; add_action('wp_login_failed', 'log_failed_attempt'); function log_failed_attempt( $username ) { openlog( 'wordpress('.$_SERVER['HTTP_HOST'].')', LOG_NDELAY|LOG_PID, SYSLOG_FACILITY); syslog( LOG_NOTICE, "Wordpress authentication failure for $username from {$_SERVER['REMOTE_ADDR']}" ); } Daily Forex Analysis – September 22, 2008 « Forex Market Analysis

Sponsors

Daily Forex Analysis – September 22, 2008

GBPUSD Analysis.
GBPUSD broke above 1.8277 previous high resistance and reached as high as 1.0388 level. Further rise towards 1.8480 is still possible later today. Key support is now located at 1.7916, fall below this level will indicate that a short term cycle top has been formed, and pullback will bring price back towards 1.7650 level.

20080922_gbpusd_1

USDCHF Analysis.
USDCHF formed a short term cycle bottom at 1.0899 on 4-hour chart. Sideways consolidation in a range between 1.0899 and 1.1416 is expected in a couple of days. Deeper decline is now in favor after consolidation, and target would be at 1.0700 zone.

20080922_usdchf_1

USDJPY Analysis.
USDJPY broke above 106.71 key resistance and formed a short term cycle bottom at 103.54 level on 4-hour chart. Further rise is possible to 109.00 zone in a couple of days. Pullback would more likely be seen before breaking above 110.66 (Aug 15 high) resistance, and sideways consolidation in a range between 103.54 and 110.66 is now in favor in a couple of weeks.

20080922_usdjpy_1

AUDUSD Analysis.
AUDUSD broke above 0.8353 key resistance and the rebound from 0.7802 is now treated as resumption of up trend. Further rally is possible to 0.8450 later today, and the next target would be at 0.8650 zone.

20080922_audusd_1

USDCAD Analysis.
As expected, USDCAD pulled back sharply to as low as 1.0429 level. Deeper decline to test 1.0410 (Aug 26 low) is still possible later today, a break of this level will signal further decline towards 1.0300 zone.

20080922_usdcad_1

EURUSD Analysis.
EURUSD is testing 1.4542 previous high resistance, a break of this level will signal further rally towards 1.4700 zone. Key support is now located at 1.4150, fall below this level will indicate that a short term cycle top has been formed, and pullback could be seen to 1.4050 level.

20080922_eurusd_1

For long term forex analysis.

Get Your Free Elliott Wave Tutorial Now!

See also:
Forex Articles
Forex Reviews
Powerful Profit System
Automate Your Trading Profits
Boost your Profit to Extreme

Comments are closed.



Other finance sites

Forex Articles
Providing free forex articles and trading courses.