Short Term Analysis – March 2, 2007
USDCAD USDCAD is in correction to the down trend, further rise towards 1.1800 is still possible in the next several days. Near term support is at 1.1655, a break below this level may signal the resumption of...
Short Term Analysis – March 1, 2007
USDCAD USDCAD’s correction to the down trend is underway, further rise towards 1.1760 level to reach the next cycle top is still possible in the next several days. Near term support is at 1.1655 and key support...
Short Term Analysis – February 28, 2007
USDCAD The down trend line resistance is broken above, USDCAD bottomed at 1.1563 on 4 hours chart. Further rise above 1.1714 previous high to reach the next cycle top can be seen in the next several days....
Short Term Analysis – February 27, 2007
EURUSD EURUSD is in up trend and further rise towards 1.3300 level to reach the next cycle top on 4 hours chart is still possible in the next several days. Near term support is at 1.3150 and...
Short Term Analysis – February 26, 2007
EURUSD Previous high resistance at 1.3187 is broken above, EURUSD bottomed at 1.3079 on 4 hours chart, and the up trend from 1.2865 (the day low of Jan 12) resumes. Further rise towards 1.3250 level can be...
Short Term Analysis – February 23, 2007
EURUSD EURUSD broke below 1.3092 support and rebounded from 1.3079. The pair may be bottoming on 4 hours chart, key resistance is at 1.3187, a break above this level will confirm the cycle bottom. Near term support...
Short Term Analysis – February 22, 2007
EURUSD EURUSD moves without trend in a narrow range between 1.3092 and 1.3187 for several days. Further rise towards 1.3296 (the day high of Jan 2) can be expected later this week. A break above 1.3187 will...
Short Term Analysis – February 21, 2007
EURUSD EURUSD is in correction to the up trend, further fall to test 1.3092 previous low can be seen later today, and this level will more likely be held. Up trend will resume after this correction, and...
Short Term Analysis – February 20, 2007
AUDUSD AUDUSD is in up trend, further rise towards 0.7936 (the day high of Jan 23) to reach the next cycle top on 4 hours chart can be expected in the next several days. Near term support...
Short Term Analysis – February 16, 2007
EURUSD EURUSD is in up trend and further rise towards 1.3296 previous high is still possible after a slightly correction. Near term support is at 1.3115 and followed by 1.3070, only break below 1.3115 may delay the...