Short Term Analysis - April 18, 2007
EURUSD
No changed in our view, EURUSD is in up trend supported by the rising price channel. Further rise towards 1.3668 (2004 high) is still possible in the next several days. Near term support is at the price channel and followed by 1.3525. Key support is at 1.3485, only break below 1.3485 level will signal the reversal to the up trend.
AUDUSD
No changed in our view, AUDUSD is in up trend supported by the up trend line from 0.7680 to 0.8063, and reached as high as 0.8385. Further rally towards 0.8500 is still possible in the next several days. Near term support is at 0.8305, only break below this level will delay the resumption of the up trend.
GBPUSD
GBPUSD’s up trend extended to as high as 2.0084 so far. More sharply rise towards 2.0200 is still possible after a slightly correction. Near term support is at the up trend line from 1.9590 to 1.9781, and as long as the trend line support holds, up trend will continue.
USDCAD
USDCAD is testing the previous low support at 1.1285 (Nov 28, 2006), consolidation can be expected before breaking below this level, and the price will find resistance below 1.1400. If the previous low support gives way, the target will be 1.1200.
USDCHF
USDCHF broke below 1.2066 previous low, further fall towards 1.2029 (the day low of Mar 16) is still possible later today. Near term resistance is at the down trend line from 1.2245 to 1.2188 and followed by 1.2150.
USDJPY
USDJPY is in up trend, the fall from 119.86 is treated as in correction to the up trend. Further rise towards 121.00 is still possible after this correction. Key support is now at 118.21, only break below this level will signal the reversal to the up trend.
Leave a Reply
Other finance sites
bad credit loan
Searching for a bad credit loan can be a laborious task. Why not let All About Loans do the hard work for you? Click on the link above.
Debt Management
Debt Management is a system which decides how much an individual or family can afford to pay their creditors each month.
bridging loan
National Credit specialists in bridging loads and credit, clear lending rates and great fast service. Easy loan application.
Bankruptcy Information
Do you need bankruptcy information. Our aim is to find the best way for our clients to avoid bankruptcy.
IVA Info
Need info about an IVA? See IVA Info UK. Free help advice and information on debt and IVA related issues.
Car Insurance
Check out this site for a comparison of car insurance rates..
Secured Loans In Uk
Visit this free resource site for all you need to know about secured loans.
Umbrella Companies
Great choice of Umbrella Companies from the UK`s premier company.
Compare Secured Loans
Search and compare 100s of secured loans with the loans search engine at Accepted.co.uk. Find a great deal today!