Short Term Analysis - December 4, 2006

EURUSD

20061204_eurusd_1.gifEURUSD stays in the rising price channel and is in up trend. More sharply rise towards 1.3500 level can be expected in the next several days. Near term support is at the price channel, and up trend will contain well inside this channel.

GBPUSD

20061204_gbpusd_1.gifGBPUSD stays in the rising price channel and is in up trend. More sharply rise towards 2.000 level can be expected in the next several days. Near term support is at the price channel, and up trend will contain well inside this channel.

USDCHF

20061204_usdchf_1.gifAs expected, USDCHF fall below 1.1919 previous low support, more sharply fall towards 1.1800 is still possible after a slightly rebound to the down trend line. Near term resistance is at 1.2115, as long as this resistance holds, down trend will continue.

AUDUSD

20061204_audusd_1.gifAUDUSD stays in the rising price channel and is in up trend. Further rise towards 0.7950 level can be expected in the next several days. Near term support is at the price channel, and up trend would contain well inside this channel.

USDJPY

20061204_usdjpy_1.gifUSDJPY broke below 115.37 previous low and further fall towards 114.00 can be expected in a couple of days. Near term resistance is at 116.54, as long as this resistance holds, down trend will continue.

USDCAD

20061204_usdcad_1.gifUSDCAD is in down trend, the rebound from 1.1285 is treated as in correction to the down trend, and fall below 1.1285 is still possible if key support at 1.1369 is broken below. Key resistance is at 1.1492, a break above this level may signal the resumption of the up trend.

Short Term Analysis Comments 1 Dec 4th, 2006

One Response to “Short Term Analysis - December 4, 2006”

  1. visit now Says:
    November 19th, 2008 at 7:07

    good work, will back soon, great site congratulation!!

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