Month: July 2007

USDCHFUSDCHF is forming a sideways consolidation to the down trend. Rise above 1.2067 to reach the next cycle top on 4 hours chart is expected to follow later today. Near term resistance is at the down trend...

USDCHFUSDCHF is forming a sideways consolidation in a range between 1.1992 and 1.2067, further fall towards 1.1879 (Dec 2006 low) is expected to follow after this consolidation. Near term resistance is at the down trend line from...

USDJPYUSDJPY bottomed at 122.98 on 4 hours chart, further rise towards 124.13 previous high can be seen in the next several days, and a break above this level will signal the resumption of the up trend. Near...

USDCHFUSDCHF broke below 1.2090 and reached 1.1999 low. The pair is testing the previous low support at 1.1993 (April low), and fall below this level can be seen after a slightly correction to the down trend. Near...

GBPUSDGBPUSD is in consolidation to the up trend, pullback below 2.0056 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Up trend will resume after consolidation, and a...

GBPUSDAs expected, GBPUSD broke below the price channel support. However, the fall from 2.0206 is treated as correction to the up trend. Key resistance is at 2.0206, a break above this level will signal the resumption of...

EURUSDEURUSD broke above 1.3637 previous high and then pulled back from 1.3659. Further fall towards 1.3550 to reach the next cycle bottom on 4 hours chart is expected to follow later today. However, the fall from 1.3659...

USDJPYKey resistance at 122.70 is broken above, USDJPY bottomed at 122.09 on 4 hours chart. Further rise towards 124.13 previous high is expected to follow in the next several days. Near term support is at 122.09, only...

USDJPYUSDJPY is in correction to the up trend, near term resistance is at 122.70, a break above this level will signal the resumption of the up trend. Near term support is at 122.09, break below this level...

USDCHFUSDCHF broke below 1.2146 (June 6 low), further fall towards 1.2050 is still possible later today. Near term resistance is at the down trend line from 1.2426 to 1.2341, as long as the trend line resistance holds,...