Month: April 2009

EURUSD Analysis. EURUSD rebounds from 1.2965. Range trading between 1.2884 and 1.3300 is still in favor, and further rally would more likely be seen to test 1.3300 resistance in a couple of days, a break above this...

EURUSD Analysis. EURUSD pulls back sharply from 1.3300 and breaks below the rising trend line on 4-hour chart, suggesting that a short term cycle top has been formed. Range trading between 1.2884 and 1.3300 is expected in...

USDCHF Analysis. USDCHF remains in short term downtrend from 1.1740. Deeper decline to test 1.1303 could be seen in a couple of days. A break down below this level will indicate that the rise from 1.1159 (Mar...

USDCAD Analysis. USDCAD has formed a short term cycle top at 1.2504 level on 4-hour chart. Deeper decline is still possible in a couple of days and the next target would be at 1.2100 zone. The price...

AUDUSD Analysis. AUDUSD might be forming a short term cycle bottom at 0.6952 level on 4-hour chart. Range trading between 0.6952 and 0.7180 is expected in a couple of days. However, the price action from 0.6952 is...

USDJPY Analysis. USDJPY stays in the falling price channel and remains in downtrend from 101.43. As long as the channel resistance holds, we’d expect the downtrend to resume and deeper decline is still possible to 97.00-97.50 area....

USDCAD Analysis. USDCAD breaks above the mentioned key resistance at 1.2185 and moves sharply to as high as 1.2425 level, suggesting that a short term cycle bottom has been formed at 1.1981 level on 4-hour chart, and...

AUDUSD Analysis. AUDUSD remains in short term downtrend from 0.7322. Deeper decline is expected to test 0.7032, a break below this level will suggest that the rise from 0.6284 (Mar 4 low) has completed at 0.7322 level...

GBPUSD Analysis. GBPUSD drops below the rising trend line on 4-hour chart. Range trading between 1.4821 and 1.5066 is expected in a couple of days. Key support is now located at 1.4821, below this level will indicate...