Month: June 2010

GBPUSD Analysis. GBPUSD runs in a rising price channel on 4-hour chart. As long as the support of the lower boundary of the price channel holds, uptrend could be expected to continue and one more rise to...

GBPUSD Analysis. GBPUSD’s bounce from 1.4230 extends further to as high as 1.4734 level, suggesting that lengthier consolidation of downtrend is underway. Further rally is still possible in a couple of days and next target would be...

AUDUSD Analysis. AUDUSD might be forming a cycle top at 0.8550 level on 4-hour chart. Key support is now at 0.8383, a break below this level will confirm the cycle top and indicate that the bounce from...