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Archive for September, 2007

Short Term Analysis – September 28, 2007

Friday, September 28th, 2007

20070928_eurusd_1.gifEURUSD
EURUSD is in up trend, the rise form 1.3360 (Aug 16 low) extended to as high as 1.4189, further rise towards 1.4250 to reach the next cycle top on 4 hours chart is still possible later today. Key support is at 1.4110, a break below this level will signal consolidation to the up trend, and pullback towards 1.4050 area is expected to follow.

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Short Term Analysis – September 27, 2007

Thursday, September 27th, 2007

20070927_eurusd_1.gifEURUSD
EURUSD is in up trend, further rise towards 1.4200 to reach the next cycle top on 4 hours chart is still possible later today. Near term support is at the up trend line from 1.3550 to 1.3827, as long as the trend line support holds, up trend will continue.

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Short Term Analysis – September 26, 2007

Wednesday, September 26th, 2007

20070926_audusd_1.gifAUDUSD is in up trend, and further rise towards 0.8870 previous high is expected. Near term support is at the up trend line from 0.7675 to 0.8275, a break below the trend line support will signal consolidation to the up trend. For long term analysis, AUDUSD topped at 0.8870 on weekly chart and bounded sharply from 0.7675. Further rise to test the long term key resistance at 0.8870 is still possible, a break above this level will signal the resumption of the long term up trend, and further rise towards 1.0000 area is expected to follow.

Please click the following links for more short term and long term forex analysis.

USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD

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Short Term Analysis – September 25, 2007

Tuesday, September 25th, 2007

20070925_eurusd_1.gifEURUSD
EURUSD is in consolidation to the up trend. Further fall towards 1.4030 to reach the next cycle bottom is still possible in the next several days. Near term support is at the up trend line from 1.3550 to 1.3827. Up trend will resume after consolidation and a break above 1.4129 will signal the resumption of the up trend.

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Short Term Analysis – September 24, 2007

Monday, September 24th, 2007

20070924_usdcad_1.gifUSDCAD
As expected, USDCAD broke below 1.0000, and the fall from 1.0589 extended to as low as 0.9935. Further fall towards 0.9800 to reach the next cycle bottom on 4 hours chart is still possible later today. Near term resistance is at the falling price channel, as long as the channel resistance holds, down trend will continue.

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Short Term Analysis – September 20, 2007

Thursday, September 20th, 2007

20070920_usdjpy_1.gifUSDJPY
No changed in our view, USDJPY is forming a sideways consolidation in a range between 111.59 (Aug 17 low) and 117.11 (Aug 23 high). Further rise towards 117.11 to reach the next cycle top on 4 hours chart is still possible later today. Near term support is at the up trend line from 112.58 to 114.78, and followed by 114.78, a break below this level will signal the reversal to the current trend.

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Short Term Analysis – September 19, 2007

Wednesday, September 19th, 2007

20070919_gbpusd_1.gifGBPUSD formed a cycle top at 2.0365 on daily chart. However, the fall from 2.0365 is treated as correction to the up trend, rise above 2.0652 is still in favor, and a break above 1.0365 previous high will confirm such case. Key support is at 1.9652, only fall below this level will signal the resumption of the down trend, and further fall towards 1.9500 can be seen. For long term analysis, GBPUSD is bottoming at 1.9652 on weekly chart, key resistance is at 2.0365, a break above this level will confirm the cycle bottom, and further rise towards 2.1000 to reach the next cycle top is expected to follow.

Please click the following links for more short term and long term forex analysis.

USDCHF  USDJPY  EURUSD  GBPUSD  USDCAD  AUDUSD

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Short Term Analysis – September 18, 2007

Tuesday, September 18th, 2007

20070918_gbpusd_1.gifGBPUSD
GBPUSD is in down trend, the fall from 2.0365 extended to as low as 1.9879, and further fall towards 1.9652 (Aug 17 low) is still possible in the next several days. Near term resistance is at 2.0030, and as long as this resistance holds, down trend will continue.

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Short Term Analysis – September 17, 2007

Monday, September 17th, 2007

20070917_audusd_1.gifAUDUSD
AUDUSD is testing the previous high resistance at 0.8438, rise above this level will signal resumption to the up trend and further rise towards 0.8550 can be seen. Key support is at 0.8342, a break below this level will signal the reversal to the up trend, and further fall towards 0.8050 is still possible.

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Short Term Analysis – September 13, 2007

Thursday, September 13th, 2007

20070913_usdjpy_1.gifUSDJPY
USDJPY is forming a sideways consolidation in a range between 111.59 (Aug 17 low) and 117.11 (Aug 23 high). Rise towards 116.00 to reach the next cycle top on 4 hours chart is expected. Near term support is at 112.58, only break below this level will signal the resumption of the down trend.

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