USDCHF
USDCHF is in consolidation to the down trend. Further rebounded towards 1.1300 area to reach the next short term cycle top is still in favor. Near term support is at 1.1176, a break below this level will signal the resumption of the down trend.

(more…)

EURUSD
Being support by the price channel, EURUSD rebounded from 1.4519. Sideways consolidation will more likely be seen, and pullback below 1.4519 is still possible before breaking of 1.4751 level. Key resistance is at 1.4751, a break above this level will signal the resumption of the up trend.

(more…)

EURUSD is forming a cycle top at 1.4751 level on daily chart. Further pullback towards to the up trend line from 1.3550 to 1.4125 is expected, and breaking below the trend line support to reach the next cycle bottom is still possible. However, the fall from 1.4751 is treated as consolidation to the up trend, further rally towards 1.6000 is still possible after consolidation, and a break above 1.4751 level will signal the resumption of the up trend. For long term analysis, EURUSD is in long term bullish movement, and further rise towards 1.6000 to reach the next cycle top on weekly chart can be seen.

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

USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD

Sponsors
Forex Articles
Forex Reviews
Powerful Profit System

Want to be sponsor

EURUSD
EURUSD broke below the up trend line from 1.4125 to 1.4442 and formed a short term cycle top at 1.4751. Further pullback towards 1.4400 area to reach the next short term cycle bottom can be seen in the next several days. However, the fall from 1.4751 is treated as correction to the up trend, rise towards 1.5000 is still possible after correction, and a break above 1.4751 will confirm such case.

(more…)

USDJPY
USDJPY broke below 111.59 (Aug low) long term key support. Further fall towards 108.00 is still possible in a couple of days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.

(more…)

EURUSD
EURUSD is in up trend. As long as the up trend line from 1.4125 to 1.4442 holds, we expect up trend will continue, and further rise towards 1.5000 can be seen after a slightly consolidation. Near term resistance is at 1.4728, a break above this level will signal the resumption of the up trend.

GBPUSD
GBPUSD is in up trend. The rise from 2.0257 extended to as high as 2.1116. Further rise towards 2.1300 is still possible in the next several days. Near term support is at price channel, and as long as the channel support holds, up trend will continue.

(more…)

EURUSD
EURUSD is in up trend. The rise from 1.4125 extended to as high as 1.4728. Further rise towards 1.5000 is still possible after consolidation. Near term support is at the up trend line from 1.4125 to 1.4442, as long as the trend line support holds, up trend will continue.

(more…)

AUDUSD break above the previous high resistance at 0.9342. Further rise towards 0.9600 area can be seen in the next several days. Near term support is at the up trend line from 0.7675 to 0.8748, and as long as the trend line support holds, up trend will continue. For long term analysis, AUDUSD broke above 0.8870 long term key resistance, and up trend resumed. Rise towards 1.0000 to reach the next cycle top on weekly chart is expected.

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

USDCHF | USDJPY | EURUSD | GBPUSD | USDCAD | AUDUSD

Sponsors
Forex Articles
Forex Reviews
Powerful Profit System

Want to be sponsor

USDCHF
USDCHF is in down trend. The fall from 1.1784 extended to as low as 1.1492 level. Further fall towards 1.1400 area to reach the next short term cycle bottom is still possible after a slightly correction. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.

(more…)

EURUSD
EURUSD is in up trend. The rise from 1.4125 extended to as high as 1.4527. Further rise towards 1.4600 area to reach the next short term cycle top is still possible later today. Near term support is at 1.4403 level, 1.4403 level, only break below this level will signal consolidation to the up trend.

(more…)