Short Term Analysis – August 18, 2006
USDJPY USDJPY is bottoming on 4 hours chart, further rise above 116.74 previous high is possible in next several days. Key resistance is now at 116.37, a break above this level may signal the cycle bottom.
Month: August 2006
Short Term Analysis – August 16, 2006
USDJPY As expected, USDJPY pulled back from 116.74 and topped on 4 hours chart. Further fall towards 114.67 previous low support to reach its cycle bottom is possible in the next several days. Key resistance is at...
Short Term Analysis – August 15, 2006
USDCAD USDCAD is in up trend, further rise towards 1.1345 resistance is possible later today, a break above this level may signal the medium term bullish movement, and the target of this bullish movement would be above...
Short Term Analysis – August 14, 2006
EURUSD EURUSD is in down trend, further fall to test the near term support at 1.2659 level is possible later to day. On the other side, the fall from 1.2911 is treated as in correction of the...
Short Term Analysis – August 11, 2006
USDCHF USDCHF is in correction to the down trend. Further rise to test 1.2422 previous high is possible later today. On the other side, we don’t want to treat USDCHF as in up trend at this moment,...
Short Term Analysis – August 10, 2006
USDCHF USDCHF is forming a sideways consolidation nearing to the medium term support at 1.2182 (the day low of July 7). This support is more likely to be broken soon after this sideways consolidation. Key resistance is...
Short Term Analysis – August 9, 2006
USDCHF USDCHF bottomed on 4 hours chart and is treated as in correction to the down trend. Further rise higher to test the resistance at 1.2354 is possible later today, a break above this level may delay...
Short Term Analysis – August 8, 2006
USDCHF USDCHF is in down trend, the rebound from 1.2191 is possibly be a correction to the down trend, and the down trend will resume after broken below the support at 1.2191. Key resistance is at 1.2354,...
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