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 – October 21, 2010 « Forex Market Analysis

Sponsors

Daily Forex Analysis – October 21, 2010

AUDUSD Analysis.
AUDUSD broke below the lower border of the rising price channel on 4-hour chart and reached as low as 0.9661 level, suggesting that the uptrend from 0.8771 has completed at 0.9998 already. Another fall to 0.9500 area is expected in next several days. Resistance is now at 0.9998, only break above this level could trigger another rise to 1.0100-1.0200 area.

20101021_audusd_1

USDCHF Analysis.
USDCHF broke above 0.9727 resistance, suggesting that lengthier consolidation of downtrend from 1.1730 is underway. Another rise to 0.9800-0.9900 area is expected. Support is at 0.9463, only break below this level could trigger another fall to 0.9300 zone.

20101021_usdchf_1

USDCAD Analysis.
USDCAD broke above 1.0232 key resistance and reached as high as 1.0372, suggesting that the downward move from 1.0672 (Aug 31 high) has completed at 0.9979 already. Now the pair is in uptrend and the fall from 1.0372 is treated as correction of uptrend. Pullback to 1.0130-1.0175 to complete the correction would more likely be seen.

20101021_usdcad_1

GBPUSD Analysis.
GBPUSD broke below 1.5755 key support and reached as low as 1.5649, suggesting that the uptrend from 1.5296 has completed at 1.6105 already. Now the pair is in downtrend and the bounce from 1.5649 is treated as correction of downtrend. Deeper decline to 1.5400 area is expected after correction.

20101021_gbpusd_1

EURUSD Analysis.
EURUSD broke below 1.3775 key support, suggesting that lengthier consolidation of uptrend is underway. Range trading between 1.3700 and 1.4000 would more likely be seen in a couple of days.

20101021_eurusd_1

USDJPY Analysis.
USDJPY’s fall from 85.92 extended to as low as 80.84. Resistance is now at 81.91, as long as this level holds, downtrend is expected to continue and another fall towards 79.75 (1995 low) is expected.

20101021_usdjpy_1

For long term forex analysis.

Get Your Free Elliott Wave Tutorial Now!

See also:
Forex Articles
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.