Short Term Analysis - October 16, 2007
USDJPY
USDJPY is forming a short term cycle top at 117.93 on 4 hours chart, fall towards 116.00 is expected, and a break below the trend line support will confirm such case. Near term resistance is at 117.93, if gives way, further rise towards 118.50 can be seen.
GBPUSD
GBPUSD is in sideways consolidation to the up trend, further fall towards 2.0200 area to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Key resistance is at 2.0492, a break above this level will signal the resumption of the up trend.
USDCHF
USDCHF topped at 1.1891 on 4 hours chart, pullback towards 1.1622 previous low is expected to follow. Near term resistance is at 1.1891, only rise above this level will signal the resumption of the up trend.
AUDUSD
AUDUSD might be topping at 0.9077 on 4 hours chart, consolidation will more likely be seen in the next several days, pullback towards 0.9794 previous low is expected, and a break below 0.8910 level will confirm such case.
EURUSD
EURUSD is in sideways consolidation in a range between 1.4014 and 1.4281. Pullback towards 1.4100 area is still possible in the next several days. Up trend will resume after consolidation and a break above 1.4281 level will signal the resumption of the up trend.
USDCAD
USDCAD is in down trend, further fall towards 0.9600 is still possible in the next several days. Near term resistance is at 0.9796 and followed by 0.9894, only rise above 0.9894 level will signal consolidation to the up down trend.
Sponsors
Forex Articles
Forex Reviews
Powerful Profit System
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.
