Subscribe our Short Term Analysis at $19.95/mo
You can subscribe our Short Term Analysis at $19.95 per month before the end of September 2006.
USDCHF
USDCHF is topping on 4 hours chart, key support is at 1.2393, a break below this level may label the cycle top at 1.2547 on 4 hours chart. On the other side, the pair stays in the rising price channel, it is in up trend, and further rise above 1.2574 is still possible later today.
USDJPY
Key support at 117.39 is broken below and USDJPY topped at 118.14 on 4 hours chart. Further fall towards the bottom of the price channel is possible in the next several days. Key resistance is at 118.14, only break above this level may signal the resumption of the up trend.
AUDUSD
AUDUSD bottomed on 4 hours chart. The rebound from 0.7483 is treated in correction to the down trend, and further rise towards 0.7575 level to reach the next cycle top is possible later today. Down trend would resume after this correction.
GBPUSD
GBPUSD is in up trend, and further rise towards 1.8868 to reach the next cycle top is possible later today. Key support is at 1.8602, only break below this level may signal the reversal to the up trend.
EURUSD
EURUSD is bottoming on 4 hours chart, key resistance is at 1.2739, a break above this level may label the cycle bottom at 1.2648. Key support is at 1.2648, a break below this level may signal the resumption of the down trend, further fall towards 1.2559 would be seen after breaking below this level.
USDCAD
USDCAD is forming a sideways consolidation to the up trend, and further rise towards 1.1271 is possible after this consolidation. Key support is at 1.1155, only break below this level may delay the resumption of the up trend.