Short Term Analysis – October 16, 2006
USDJPY USDJPY is moving higher to the next cycle top on 4 hours chart and the cycle top is nearing, a slightly pullback below 119.06 level can be expected in the next couple of days. Key support...
Month: October 2006
Short Term Analysis – October 13, 2006
USDJPY USDJPY is topping on 4 hours chart, further fall lower to test the up trend line support is possible in the next several days. Now the pair is treated as in correction to the up trend,...
Short Term Analysis – October 12, 2006
EURUSD EURUSD is in down trend, further fall lower to test the previous low support at 1.2457 is possible later today. On the other side, the pair is oversold, correction is needed immediately before the resumption of...
Short Term Analysis – October 11, 2006
EURUSD EURUSD is in down trend, and further fall towards 1.2500 level is possible in the next couple of days. On the other side, the RSI is lower than 25 level, a slightly correction is needed immediately...
Short Term Analysis – October 10, 2006
AUDUSD AUDUSD is in down trend, further fall below 0.7400 level can be expected in the next couple of days. Near term resistance is the top of the price channel, now at 0.7470, and as long as...
Short Term Analysis – October 9, 2006
USDCAD USDCAD is in correction to the up trend and will form a sideways consolidation in a range between 1.1199 and 1.1304 in the next several days. Up trend will resume after breaking above the near term...
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Short Term Analysis – October 6, 2006
EURUSD EURUSD traded in a narrow range between 1.2639 and 1.2764, up trend will resume after breaking above the key resistance at 1.2764. On the other side, the key support is at 1.2668, if this support gives...
Short Term Analysis – October 5, 2006
USDJPY USDJPY is in correction to the up trend, fall below 117.38 to reach the next cycle bottom on 4 hours chart is still possible later today. Key resistance is at 118.39, a break above this level...
Short Term Analysis – October 4, 2006
USDJPY USDJPY broke below the key support at 117.52 and topped at 118.39 on 4 hours chart. Further fall below 117.38 level to reach the next cycle bottom can be expected. Key resistance is now at 118.39,...