GBPUSD Analysis. GBPUSD may be forming a cycle bottom at 1.6058 level on 4-hour chart. Consolidation in a range between 1.5800 and 1.6058 would likely be seen in a couple of days. As long as 1.5800 level...
EURUSD Analysis. Being contained by 1.3497 resistance, EURUSD pulled back from 1.3456, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.3200 and 1.3456 is expected in a couple of days. However,...
EURUSD Analysis. EURUSD’s upward move from 1.2874 extended to as high as 1.3456 last week. Support is at 1.3300, as long as this level holds, one more rise to test 1.3497 resistance is still possible, a break...
EURUSD Analysis. EURUSD bounced strongly to as high as 1.3383 level. The price action from 1.2969 (Nov 30, 2010 low) is likely consolidation of longer term downtrend from 1.4281 (Nov 4, 2010 high). Further rise towards 1.3497...
USDCHF Analysis. USDCHF may be forming a cycle top at 0.9783 level on 4-hour chart. Key support is at 0.9604, a breakdown below this level will confirm the cycle top and indicate that the rise from 0.9300...
AUDUSD Analysis. AUDUSD continues its downward movement from 1.0255 and the fall extended to as low as 0.9803 level. Deeper decline is still possible in a couple of days and next target would be at 0.9700-0.9750 area....
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0255 and the fall extends to as low as 0.9856 level. Deeper decline is still possible in a couple of days and next target would be at 0.9700-0.9750 area. Resistance...
EURUSD Analysis. EURUSD’s downward movement extends to as low as 1.2885 level. Deeper decline is still possible later today and next target would be at 1.2750 area. Initial resistance is at 1.3025, only break above this level...
USDCHF Analysis. USDCHF’s upward movement extended to as high as 0.9707. Support is at 0.9600, as long as this level holds, uptrend is expected to continue and next target would be at 0.9800 area. However, a breakdown...
AUDUSD Analysis. AUDUSD’s fall extended to as low as 0.9944 level. Deeper decline is expected later today and next target would be at 0.9850 area. Initial resistance is at 1.0025, as long as this level holds, downtrend...
