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 22, 2010 « Forex Market Analysis

Sponsors

Daily Forex Analysis – October 22, 2010

AUDUSD Analysis.
AUDUSD’s uptrend from 0.8771 has completed at 0.9998 already. Range trading between 0.9661 and 0.9890 would more likely be seen later today. Support is at 0.9661, a breakdown below this level could trigger another fall to 0.9500 area. Key resistance is at 0.9998, only break above this level could indicate that the uptrend from 0.8771 has resumed, then further rise to 1.0100-1.0200 could be seen.

20101022_audusd_1

USDCHF Analysis.
USDCHF’s downward move from 1.0277 has completed at 0.9463 already. Further rally is still possible later today and next target would be at 0.9800-0.9900 area. Support is now at 0.9570, only break below this level could trigger another fall to 0.9300 zone.

20101022_usdchf_1

USDCAD Analysis.
Being contained by 1.0378 resistance, USDCAD pulled back from 1.0372, suggesting that a cycle top has been formed on 4-hour chart. Now the fall from 1.0372 is treated as correction of uptrend from 0.9979. Range trading between 1.0130 and 1.0372 is expected in next several days.

20101022_usdcad_1

GBPUSD Analysis.
GBPUSD broke below the rising price channel on 4-hour chart and the uptrend uptrend from 1.5296 has completed at 1.6105 already. The pair is now in downtrend from 1.6105. Deeper decline to 1.5400 is expected. Resistance is at 1.5880, as long as this level holds, downtrend will continue.

20101022_gbpusd_1

EURUSD Analysis.
After breaking below 1.3775 key support, the price action from 1.4152 is treated as consolidation of longer term uptrend from 1.1876 (Jun 7 low). Range trading between 1.3698 and 1.4050 is expected in a couple of days. Key resistance is at 1.4152, only break above this level could trigger another rise towards 1.4500.

20101022_eurusd_1

USDJPY Analysis.
USDJPY stays in a narrow trading range between 80.84 and 81.91. The price action in the range is treated as consolidation of downtrend from 85.92. Another fall towards 79.75 (1995 low) would more likely be seen later today.

20101022_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.