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Archive for October, 2006

Short Term Analysis – October 31, 2006

Tuesday, October 31st, 2006

AUDUSD

20061031_audusd_1.gifThe up trend of AUDUSD is limited by the top of the price channel, a slightly correction is needed before the resumption of the up trend, and further rise towards 0.7719 previous high can be expected after this correction. Key support is at 0.7610, only break below this level may delay the resumption of the up trend.

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Short Term Analysis – October 30, 2006

Monday, October 30th, 2006

GBPUSD

20061030_gbpusd_1.gifGBPUSD is in up trend, and more sharply rise towards 1.9072 previous high can be expected in the next couple of days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue. Key support is at 1.8869, only break below this level may delay the resumption of the up trend.

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Short Term Analysis – October 27, 2006

Friday, October 27th, 2006

EURUSD

20061027_eurusd_1.gifEURUSD is in up trend, and more sharply rise towards 1.2764 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.

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Short Term Analysis – October 26, 2006

Thursday, October 26th, 2006

EURUSD

20061026_eurusd_1.gifEURUSD bottomed at 1.2524 on 4 hours chart, and further rise above 1.2641 previous high can be seen in the next couple of days. Near term support is at 1.2524, only break below this level may pull price back towards 1.2483.

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Short Term Analysis – October 25, 2006

Wednesday, October 25th, 2006

USDCHF

20061025_usdchf_1.gifUSDCHF is in down trend, the rise from 1.2548 is treated as in correction to the down trend, and further rise above 1.2704 to reach the next cycle top is still possible in the next couple of days, but the previous high resistance at 1.2768 will more likely be held by the end of this cycle.

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Short Term Analysis – October 24, 2006

Tuesday, October 24th, 2006

USDCHF

20061024_usdchf_1.gifUSDCHF bottomed at 1.2548 on 4 hours chart, and further rise towards 1.2739 previous high to reach the next cycle top is possible in the next couple of days. On the other side, the rebound from 1.2548 is treated as in correction to the down trend, and the resistance at 1.2768 will more likely be held by the end of this cycle. (more…)

Short Term Analysis – October 23, 2006

Monday, October 23rd, 2006

USDJPY

20061023_usdjpy_1.gifUSDJPY is in correction to the down trend, further fall towards 117.38 to reach the next cycle bottom is still possible in the next couple of days. Key resistance is at 119.16, only break above this level may signal the reversal to the down trend. (more…)

Short Term Analysis – October 20, 2006

Friday, October 20th, 2006

AUDUSD

20061020_audusd_1.gifAUDUSD is in up trend, more sharply rise towards 0.7650 can be expected in the next several days. Near term support is at the up trend line, as long as the trend line support holds, up trend will continue. Key support is now at 0.7521, only break below this level may signal the reversal to the up trend. (more…)

Short Term Analysis – October 19, 2006

Thursday, October 19th, 2006

AUDUSD

20061019_audusd_1.gifAUDUSD is in up trend, further rise towards 0.7577 to reach the next cycle top is possible in the next couple of days. Near term support is at the up trend line, break below the trend line support may imply that the pair is topping on 4 hours chart, pullback towards 0.7488 can be expected. (more…)

Short Term Analysis – October 18, 2006

Wednesday, October 18th, 2006

USDCHF

20061018_usdchf_1.gifKey support at 1.2665 is broken below, USDCHF topped at 1.2768 on 4 hours chart. Further fall below the up trend line support is still possible later today. Key resistance is at 1.2768, only beak above this level may signal the resumption of the up trend. (more…)


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