Daily Forex Analysis – Jun 24, 2008
AUDUSD Analysis.AUDUSD pulled back from 0.9566 and is now in consolidation to the up trend. As long as the price channel support holds, we’d expect up trend to resume and further rise to test 0.9653 (May 21...
Daily Forex Analysis – Jun 23, 2008
GBPUSD Analysis.GBPUSD is testing 1.9800 previous high resistance. Further rise above 1.9852 (May 23 high) resistance to reach next short term cycle top is still possible in a couple of days. Key support is located at 1.9697,...
Daily Forex Analysis – Jun 20, 2008
EURUSD Analysis.Being contained by 1.5584 resistance, EURUSD pulled back to 1.5466 low. Key support is now located at 1.5461, a break below this level will indicate that a cycle top has been formed at 1.5586 level and...
Daily Forex Analysis – Jun 19, 2008
USDJPY Analysis.USDJPY formed a short term cycle top at 108.58 on 4-hour chart. Pullback to test 106.56 is expected in a couple of days. Key resistance is now at 108.58, only rise above this level will signal...
Daily Forex Analysis – Jun 18, 2008
USDCHF Analysis.USDCHF formed a short term cycle top at 1.0539 on 4-hour chart. Sideways consolidation in a range between 1.0301 and 1.0539 could be seen before breaking above 1.0539 level. As long as 1.0301 support holds, we’d...
Daily Forex Analysis – Jun 17, 2008
USDCHF Analysis. USDCHF pulled back from 1.0539. Consolidation will more likely be seen in a couple of days. As long as 1.0301 support holds, we’d expect up trend to resume, and rise above 1.0623 (May 8 high)...
Daily Forex Analysis – Jun 16, 2008
USDCHF Analysis.USDCHF broke above 1.0526 (May 30 high). Pullback from 1.0539 is treated as consolidation to up trend. Near term support is at the up trend line from 1.0147 to 1.0301. As long as the trend line...
Daily Forex Analysis – Jun 13, 2008
GBPUSD Analysis.GBPUSD broke below 1.9461 support and reached as low as 1.9434. Further fall to test 1.9363 (May 14 low) is still possible later today. Long term key support is located at 1.9337 (Jan 22 low), a...
Daily Forex Analysis – Jun 12, 2008
USDCAD Analysis.USDCAD failed to test 1.0326 (Apr 1 high) and pulled back from 1.0322. A short term cycle top has been formed. Sideways consolidation in a range between 1.0070 and 1.0322 could be seen in in next...
Daily Forex Analysis – Jun 11, 2008
EURUSD Analysis.EURUSD formed a short term cycle top at 1.5843 and dropped sharply to as low as 1.5440 level. Deeper decline is expected to test 1.5284 (May 8 low) support after consolidation. Initial resistance is at 1.5600...