Month: April 2008

USDCHF Analysis.USDCHF is forming a short term cycle bottom at 0.9887, key resistance is at 1.0090, a break above this level will confirm the cycle bottom, and further rise to test 1.0216 is expected to follow.

USDCAD Analysis.USDCAD is moving to the next short term cycle top on 4-hour chart and the rise from 1.0018 is treated as correction to the down trend. Key resistance at 1.0326 will more likely be held and...

USDJPY Analysis.USDJPY is in consolidation to the up trend. Pullback to 100.50 area to reach the next short term cycle bottom on 4-hour chart is still possible. Up trend will resume after consolidation and further rise towards...

GBPUSD Analysis.GBPUSD drops sharply from 2.0049 and breaks below 1.9730. Down trend from 2.0391 has resumed. As long as 1.9865 resistance holds, we’d expect down trend to continue and deeper decline to retest 1.9337 (Jan 22 low)...

GBPUSD Analysis.GBPUSD is forming a sideways consolidation in a range between 1.9730 and 2.0193. As long as 2.0193 resistance holds, we’d expect down trend to resume. A break below 1.9730 level will signal the resumption of the...

USDJPY Analysis.USDJPY broke below 101.51 support and formed a short term cycle top at 102.94 level on 4-hour chart. Deeper decline to 100.00 area to reach the next cycle bottom is still possible in a couple of...

USDJPY Analysis.USDJPY’s up trend from 95.77 extends to as high as 102.83. Further rally to test 103.59 resistance is still possible later today. Near term support is at 101.51, as long as this support holds, we’d expect...

USDJPY breaks above 101.03 previous high resistance and rebounds sharply to 102.15 level. Further rally to test 103.59 resistance is expected in a couple of days. Near term support is at the up trend line from 95.77...

AUDUSD Analysis.AUDUSD broke below 0.9121 key support and formed a short term cycle top at 0.9252 level. Further fall to test 0.8953 previous low is possible in a couple of days. Key resistance is at 0.9252, as...