Short Term Analysis - June 27, 2007
USDJPY
USDJPY broke below 123.09 key support and topped at 124.13 on 4 hours chart. Further fall towards 122.45 is still possible later today. However, the fall from 124.13 is treated as correction to the up trend, and a break above 123.75 level will signal the resumption of the up trend.
EURUSD
EURUSD is in sideways consolidation in a range between 1.3431 and 1.3478, sharply rise towards 1.3553 previous high is expected to follow after consolidation. Near term support is at the up trend line from 1.3263 to 1.3371 and followed by 1.3431, as long as 1.3431 key support holds, up trend will continue.
USDCHF
USDCHF formed a sideways consolidation in a range between 1.2259 and 1.2311, sharply fall towards 1.2146 previous low can be expected to follow after consolidation. Key resistance is at 1.2311, as long as this resistance holds, down trend will continue.
USDCAD
No changed in our view, USDCAD is in consolidation to the down trend, further rise towards 1.0800 is still possible in the next several days. Key support is at 1.0614, a break below this level will signal the resumption of the down trend.
AUDUSD
AUDUSD broke below 0.8428 key support and topped at 0.8510 on 4 hours chart. Further pull back towards 0.8400 is still possible later today. However, the fall from 0.8510 is treated as correction to the up trend, and a break above 0.8510 key resistance will signal the resumption of the up trend.
GBPUSD
No changed in our view, GBPUSD is in up trend, the rise from 1.9622 extended to as high as 2.0016, and further rise towards 1.0132 (Apr 18 high) is possible in the next several days. Near term support is at 1.9886, and as long as this support holds, up trend will continue.
Sponsors
Forex Articles
Forex Reviews
Leave a Reply
Other finance sites
Loans
All About Loans is designed to help you get the best loan available at the lowest interest rate possible. Apply for your loan online and receive a free quote.
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..
Debt
Have you been struggling with mounting debt? There are a range of options for you to consider. Find out more online at The Debt Clinic.
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.
