Short Term Analysis – August 31, 2006
USDCHF USDCHF is in down trend and further fall towards 1.2182 previous low to reach the next cycle bottom is possible in the next several days. Key resistance is now at 1.2376, only rise above this level...
Month: August 2006
Short Term Analysis – August 30, 2006
USDCAD USDCAD is forming a side ways consolidation on 4 hours chart, in a range between 1.1048 and 1.1133. It is still in down trend and further fall below 1.1048 is possible later today. But the cycle...
Online Trading Platform – MetaTrader 4
MetaTrader 4 is an online trading platform designed for financial institutions dealing with Forex, CFD, and Futures markets, and we use MetaTrader for our Forex Market Analysis. It is integrated many indicators and drawing tools in its...
Short Term Analysis – August 29, 2006
EURUSD EURUSD may be bottoming on 4 hours chart, key resistance is at 1.2851, a break above this level may signal the cycle bottom at 1.2725. On the other side, the fall from 1.2937 may not complete...
Short Term Analysis – August 28, 2006
EURUSD EURUSD is moving down to reach the next cycle bottom. Key resistance is at 1.2851, break above this level may signal the cycle bottom. Near term support is at 1.2695, it is more likely to be...
Short Term Analysis – August 25, 2006
GBPUSD GBPUSD traded in a range between 1.8774 and 1.9023 for about 15 business days. Break out this range is needed now. Key resistance is now at 1.8994, breaking above this level may signal the resumption of...
Short Term Analysis – August 24, 2006
AUDUSD AUDUSD topped at 0.7668 on 4 hours chart. Further fall below 0.7562 level will be seen in the next couple of days. Key resistance is at 0.7668, only rise above this level may signal the resumption...
Short Term Analysis – August 23, 2006
AUDUSD AUDUSD traded in a narrow range between 0.7609 and 0.7642 and is more likely to rise above 0.7642 to reach the next cycle top later today. But still, down trend would resume after this cycle top...
Short Term Analysis – August 22, 2006
EURUSD The rise from 1.2695 may completed and EURUSD is topping on 4 hours chart. The fall from 1.2937 may possibly be the resumption of the down trend. Key support is at 1.2780, a break below this...
Short Term Analysis – August 21, 2006
USDJPY USDJPY is in down trend, it would break down 115.18 previous low support to reach to its next cycle bottom on 4 hours chart in the next several days. The first target would be in 113.96-114.67...