Short Term Analysis – July 20, 2007
AUDUSDAUDUSD is in up trend, the rise from 0.8355 extended to as high as 0.8808, further rise towards 0.8850 is still possible in the next several days. However, the next short term cycle top on 4 hours...
Short Term Analysis – July 19, 2007
EURUSDEURUSD is forming a short term cycle top at 1.3833, pullback towards 1.3700 area will more likely be seen in the next several days. Near term support is at the up trend line from 1.3422 to 1.3594,...
Short Term Analysis – July 18, 2007
EURUSDEURUSD is in up trend, further rise towards 1.3850 to reach the next cycle top on 4 hours chart is still possible later today, and the next cycle top is nearing. Near term support is at 1.3755,...
Short Term Analysis – July 17, 2007
USDCHFUSDCHF formed a sideways consolidation in a narrow range. Further fall towards 1.1879 (2006 low) is still in favor after consolidation. Near term resistance is at 1.2067, and break above this level to reach the next cycle...
Short Term Analysis – July 16, 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...
Short Term Analysis – July 13, 2007
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...
Short Term Analysis – July 12, 2007
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...
Short Term Analysis – July 11, 2007
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...
Short Term Analysis – July 10, 2007
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...
Short Term Analysis – July 9, 2007
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...