Archive for July, 2008
Daily Forex Analysis - July 17, 2008
EURUSD Analysis.
EURUSD formed a short term cycle top at 1.6038 on 4-hour chart. Consolidation in a range between 1.5775 and 1.6038 could be seen in next few days. Initial support is at the up trend line from 1.5302 (Jun 13 low) to 1.5611, as long as the trend line support holds, we’d expect uptrend to resume, and further rise above 1.6038 is still possible after consolidation.
Daily Forex Analysis - July 16, 2008
EURUSD Analysis.
EURUSD broke above 1.6019 (Apr 22 high) long term key resistance and pulled back from 1.6038 level. The pair might be forming a short term cycle top on 4-hour chart. Consolidation would more likely be seen in a couple of days. Key resistance is located at 1.6038, a break above this level will signal resumption of up trend.
Get Your Free Elliott Wave Tutorial Now!
See also:
Forex Articles
Forex Reviews
Powerful Profit System
Automate Your Trading Profits
Boost your Profit to Extreme
Daily Forex Analysis - July 15, 2008
USDCHF Analysis.
USDCHF traded in range between 1.0136 and 1.0250. Deeper decline to test 1.0111 support is still possible later today. As long as 1.0111 support holds, we’d expect up trend to resume, and then rebound to test 1.0351 could be seen. Key resistance is now located at 1.0250, a break of this level will signal resumption of up trend.
Daily Forex Analysis - July 14, 2008
EURUSD Analysis.
EURUSD broke above 1.5908 resistance. Further rise to test 1.6019 (Apr 22 high) long term key resistance is still possible later today. A break of this level will indicate that the sideways consolidation in range between 1.5284 and 1.6019 has completed, and the pair has been back to long term uptrend. As long as 1.6019 resistance holds, we’d expect down trend to resume, and pullback to retest 1.5611 level is still possible.
Daily Forex Analysis - July 11, 2008
USDJPY Analysis.
USDJPY is forming a sideways consolidation in a range between 106.25 and 107.75. Pullback to 106.00 area to reach next short term cycle bottom on 4-hour chart would more likely be seen next week. Key resistance is at 107.75, a break above this level will signal resumption of up trend.
Daily Forex Analysis - July 10, 2008
AUDUSD Analysis.
AUDUSD broke below 0.9493 support and reached 0.9475 only. The subsequent rebound could possibly be resumption of up trend. Further rally is expected in a couple of days. Key support is now located at 0.9475, only fall below this level will signal reversal to up trend.
Daily Forex Analysis - July 9, 2008
AUDUSD Analysis.
AUDUSD is testing the key support at 0.9493, a break below this level will indicate that the up trend from 0.9327 (June 12 low) has completed, and signal a further decline to 0.9200 area. However, as long as the pair stays above 0.9493, we’d expect up trend to resume, and one more rise above 0.9667 is still possible.
Get Your Free Elliott Wave Tutorial Now!
See also:
Forex Articles
Forex Reviews
Powerful Profit System
Automate Your Trading Profits
Boost your Profit to Extreme
Daily Forex Analysis - July 8, 2008
USDCHF Analysis.
USDCHF dropped sharply from 1.0341 and formed a short term cycle top on 4-hour chart. However, the fall is treated as consolidation to uptrend. Further rise to 1.0500 is expected in next several days. Key support is now located at 1.0111, only fall below this level will signal resumption of down trend.
Daily Forex Analysis - July 7, 2008
GBPUSD Analysis.
GBPUSD formed a short term cycle top at 2.0006 on 4-hour chart. Further pullback to 1.9700 to reach next cycle bottom could be seen in a couple of days. However, the fall from 2.0006 is treated as consolidation to up trend, as long as 1.9700 support holds, we’d expect up trend to resume, and rise towards 2.0200 is expected to follow.
Daily Forex Analysis - July 3, 2008
GBPUSD Analysis.
GBPUSD is in up trend. The pullback from 2.0006 is treated as consolidation to the up trend. As long as the price channel support holds, we’d expect up trend to resume, and then further rally to 2.0100 could be seen after consolidation.
Other finance sites
bad credit loan
Searching for a bad credit loan can be a laborious task. Why not let All About Loans do the hard work for you? Click on the link above.
bridging loan
National Credit specialists in bridging loads and credit, clear lending rates and great fast service. Easy loan application.
Car Insurance
Check out this site for a comparison of car insurance rates..
Umbrella Companies
Great choice of Umbrella Companies from the UK`s premier company.
Compare Secured Loans
Search and compare 100s of secured loans with the loans search engine at Accepted.co.uk. Find a great deal today!