Sponsors

Archive for February, 2007

Short Term Analysis – February 28, 2007

Wednesday, February 28th, 2007

USDCAD

20070228_usdcad_1.gifThe down trend line resistance is broken above, USDCAD bottomed at 1.1563 on 4 hours chart. Further rise above 1.1714 previous high to reach the next cycle top can be seen in the next several days. Near term support is at 1.1563, a break below this level may signal the resumption of the down trend.

(more…)

Short Term Analysis – February 27, 2007

Tuesday, February 27th, 2007

EURUSD

20070227_eurusd_1.gifEURUSD is in up trend and further rise towards 1.3300 level to reach the next cycle top on 4 hours chart is still possible in the next several days. Near term support is at 1.3150 and followed by the up trend line from 1.2939 to 1.3079, only break below the up trend line may delay the resumption of the up trend.

(more…)

Short Term Analysis – February 26, 2007

Monday, February 26th, 2007

EURUSD

20070226_eurusd_1.gifPrevious high resistance at 1.3187 is broken above, EURUSD bottomed at 1.3079 on 4 hours chart, and the up trend from 1.2865 (the day low of Jan 12) resumes. Further rise towards 1.3250 level can be seen later today. Near term support is at the up trend line from 1.2939 to 1.3079, and followed by 1.3079 level.

(more…)

Short Term Analysis – February 23, 2007

Friday, February 23rd, 2007

EURUSD

20070223_eurusd_1.gifEURUSD broke below 1.3092 support and rebounded from 1.3079. The pair may be bottoming on 4 hours chart, key resistance is at 1.3187, a break above this level will confirm the cycle bottom. Near term support is at 1.3079, only fall below this level may delay the resumption of the up trend.

(more…)

Short Term Analysis – February 22, 2007

Thursday, February 22nd, 2007

EURUSD

20070222_eurusd_1.gifEURUSD moves without trend in a narrow range between 1.3092 and 1.3187 for several days. Further rise towards 1.3296 (the day high of Jan 2) can be expected later this week. A break above 1.3187 will signal the resumption of the up trend. Near term support is at 1.3110 and followed by 1.3092, as long as 1.3092 level holds, up trend will continue.

(more…)

Short Term Analysis – February 21, 2007

Wednesday, February 21st, 2007

EURUSD

20070221_eurusd_1.gifEURUSD is in correction to the up trend, further fall to test 1.3092 previous low can be seen later today, and this level will more likely be held. Up trend will resume after this correction, and rise towards 1.3296 (the day high of Jan 2) can be expected in the next several days. Near term support is at 1.3092, only break below this level may delay the resumption of the up trend.

(more…)

Short Term Analysis – February 20, 2007

Tuesday, February 20th, 2007

AUDUSD

20070220_audusd_1.gifAUDUSD is in up trend, further rise towards 0.7936 (the day high of Jan 23) to reach the next cycle top on 4 hours chart can be expected in the next several days. Near term support is at 0.7845 and followed by 0.7825. Near term resistance is at 0.7886, a break above this level will signal the resumption of the up trend.

(more…)

Short Term Analysis – February 16, 2007

Friday, February 16th, 2007

EURUSD

20070216_eurusd_1.gifEURUSD is in up trend and further rise towards 1.3296 previous high is still possible after a slightly correction. Near term support is at 1.3115 and followed by 1.3070, only break below 1.3115 may delay the resumption of the up trend.

(more…)

Short Term Analysis – February 15, 2007

Thursday, February 15th, 2007

EURUSD

20070215_eurusd_1.gifEURUSD broke above the key resistance at 1.3062 previous high and reached 1.3149, suggesting the medium term bullish movement is underway. More sharply rise towards 1.3296 previous high can be expected in the next several days. Near term support is at 1.3020, only break below this level may signal the reversal of the up trend.

(more…)

Short Term Analysis – February 14, 2007

Wednesday, February 14th, 2007

USDCAD

20070214_usdcad_1.gifAs expected, USDCAD’s fall from 1.1874 extended to as low as 1.1658, and further decline below 1.1644 previous low to reach the next cycle bottom can still be expected in the next several days. Near term resistance is at the down trend line from 1.1767, and only break above the key resistance at 1.1767 may signal the reversal to the down trend.

(more…)


Other finance sites

Forex Articles
Providing free forex articles and trading courses.