USDCAD Analysis. USDCAD’s fall from 0.9973 extended to as low as 0.9683. The pair is now facing 0.9667 support, a break below this level will indicate that the longer term downtrend from 1.0672 (Aug 31, 2010 high)...
USDCHF Analysis. USDCHF’s upward movement extended to as high as 0.9274. Support is at 0.9139, as long as this level holds, uptrend could be expected to continue and next target would be at 0.9300-0.9350 area. However, a...
USDCHF Analysis. USDCHF may be forming a cycle top at 0.9233 on 4-hour chart. Key support is now at 0.9139, a breakdown below this level will confirm the cycle top, then another fall towards 0.8922 previous low...
GBPUSD Analysis. GBPUSD’s fall from 1.6400 extended further to as low as 1.5936. Resistance is at 1.6045, as long as this level holds, downtrend from 1.6400 could be expected to continue, and next target would be at...
USDCHF Analysis. USDCHF’s bounce from 0.8922 extended further to as high as 0.9227. However, next cycle top is nearing, another fall would likely be seen later today. Key support is at the rising trend line on 4-hour...
AUDUSD Analysis. AUDUSD’s upward move from 0.9704 extended to as high as 1.0227. Now the pair is facing 1.0255 (Dec 31, 2010 high) resistance. Minor consolidation would likely be seen before breaking above this level. Support is...
GBPUSD Analysis. After breaking above 1.6343 resistance, GBPUSD pulled back from 1.6400. However, the fall from 1.6400 is treated as consolidation of uptrend, as long as 1.6185 support holds, another rise towards 1.6500 is still possible after...
EURUSD Analysis. Being contained by 1.4281 (Nov 4, 2010 high) resistance, EURUSD pulled back from 1.4248, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.4100 and 1.4248 is expected in a...
USDCAD Analysis. USDCAD’s fall from 0.9973 extended to as low as 0.9749. Deeper decline towards 0.9667 previous low is still possible in a couple of days, a breakdown below this level will indicate that the long term...
GBPUSD Analysis. GBPUSD’s bounce from 1.5977 extended to as high as 1.6253 level. Further rise is still possible later today, and next target would be at 1.6300 area. Key resistance is at 1.6343, above this level will...
