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']}" ); } Short Term Analysis – August 24, 2006 « Forex Market Analysis

Sponsors

Short Term Analysis – August 24, 2006

AUDUSD

20060824_audusd_1.gifAUDUSD topped at 0.7668 on 4 hours chart. Further fall below 0.7562 level will be seen in the next couple of days. Key resistance is at 0.7668, only rise above this level may signal the resumption of the up trend.

EURUSD

20060824_eurusd_1.gifEURUSD is in down trend, and further fall towards 1.2695 previous low support to reach the next cycle bottom is possible later today. Key resistance is now at 1.2851, as long as this resistance holds, down trend will continue.

GBPUSD

20060824_gbpusd_1.gifKey resistance at 1.8995 has broken above, and GBPUSD has bottom at 1.8774 on 4 hours chart. Further rise above 1.9023 towards 1.9142 is possible in the next several days. On the other side, the pair is forming a sideways consolidation, fall below 1.8774 level is still possible if key support at 1.8854 gives way.

USDCAD

20060824_usdcad_1.gifUSDCAD broke the key support at 1.1142 and fell to 1.1048 low yesterday. The pair is near to the end of the down trend and the end of the cycle bottom on daily chart. We don’t suggest to take short positions at this moment.

USDCHF

20060824_usdchf_1.gifUSDCHF is in up trend, and further rise towards 1.2444 previous high resistance to reach the next cycle top is possible later today. Key support is at 1.2292 level, as long as this support holds, up trend will continue.

USDJPY

20060824_usdjpy_1.gifUSDJPY is in up trend and further rise above 116.83 towards 117.87 (the day high of July 19) will be seen by the end of this up trend. Near term support is the up trend line, as long as this support holds, up trend will continue.

Comments are closed.



Other finance sites

Forex Articles
Providing free forex articles and trading courses.