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Archive for January, 2007

Short Term Analysis – January 31, 2007

Wednesday, January 31st, 2007

EURUSD

20070131_eurusd_1.gifEURUSD will form a sideways consolidation in a range between 1.2876 and 1.3042. A break below 1.2876 indicates the medium term bearish movement is underway, and further fall towards 1.2750 level can be expected. On the other side, key resistance is at 1.3042, break above this level may signal the resumption of the up trend.

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Short Term Analysis – January 30, 2007

Tuesday, January 30th, 2007

EURUSD

20070130_eurusd_1.gifEURUSD broke above the down trend line resistance and bottomed at 1.2876 on 4 hours chart. The rebound from 1.2876 is treated as in correction to the down trend, further fall below 1.2876 can be expected after this correction. Near term resistance is at 1.3000 and followed by 1.3042. Key support is at 1.2876, a break below this level may signal the resumption of the down trend.

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Short Term Analysis – January 29, 2007

Monday, January 29th, 2007

EURUSD

20070129_eurusd_1.gifEURUSD is in down trend, further fall below 1.2865 previous low is still possible later today. Near term resistance is at the down trend line, now at 1.2952. key support is at 1.2865, a break below this level indicated long term medium term bearish movement is underway, and further fall towards 1.2483 (the day low of Oct 13, 2006) can be seen.

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Short Term Analysis – January 26, 2007

Friday, January 26th, 2007

USDCHF

20070126_usdchf_1.gifUSDCHF is bottoming at 1.2374 on 4 hours chart, key resistance is now at 1.2496, a break above this level will confirm the cycle bottom. Near term support is at 1.2420 and followed by 1.2374, only break below 1.2420 level may signal the resumption of the down trend.

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Short Term Analysis – January 25, 2007

Thursday, January 25th, 2007

USDCHF

20070125_usdchf_1.gifBeing contained by the up trend line from 1.1881 to 1.2111, USDCHF rebound from 1.2374 and reach 1.2496 high. Further fall below 1.2374 to reach the next cycle bottom is still possible in a couple of days. On the other side, the pair may be bottoming at 1.2374 on 4 hours chart, key resistance is at 1.2525, a break above this level will confirm the cycle bottom, and further rise above 1.2546 can be seen.

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Short Term Analysis – January 24, 2007

Wednesday, January 24th, 2007

EURUSD

20070124_eurusd_1.gifResistance at 1.2998 is broken above, EURUSD is in up trend, more sharply rise towards 1.3100 level is still possible later today. Near term support is at 1.2921, only break below this level may signal the reversal to the up trend.

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Short Term Analysis – January 23, 2007

Tuesday, January 23rd, 2007

EURUSD

20070123_eurusd_1.gifEURUSD traded in a narrow range between 1.2895 and 1.2998. Break above 1.2998 indicate the medium term up trend is underway. Near term support is at 1.2895, and followed by 1.2865, only break below the key support may signal the resumption of the down trend.

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Short Term Analysis – January 22, 2007

Monday, January 22nd, 2007

EURUSD

20070122_eurusd_1.gifKey resistance at 1.2988 is broken above, EURUSD bottomed at 1.2865 on 4 hours chart. Further rise above 1.3014 to reach the next cycle top on daily chart can be expected in the next several days. Near term resistance is at 1.3000, break above this level indicate the medium term up trend is underway. Near term support is at 1.2895, and key support is at 1.2865, only break below the key support may signal the resumption of the down trend.

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Short Term Analysis – January 19, 2007

Friday, January 19th, 2007

EURUSD

20070119_eurusd_1.gifEURUSD is bottoming at 1.2865 on 4 hours chart, key resistance is at 1.2988, a break above this level may confirm the cycle bottom, and further rise above 1.3014 to reach the next cycle top on 4 hours chart is still possible later today. Near term support is at 1.2895, only break below this level may signal the resumption of the down trend.

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Short Term Analysis – January 18, 2007

Thursday, January 18th, 2007

AUDUSD

20070118_audusd_1.gifPrevious high resistance at 0.7858 is broken above, AUDUSD will rise towards the top of the price channel to reach the next cycle top on 4 hours chart later today. Near term support is at the bottom of the price channel, now at 0.7821, only break below this level may signal the resumption of the down trend.

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