Short Term Analysis – December 1, 2006
GBPUSD GBPUSD stays in the rising price channel and is in up trend. More sharply rise towards 2.000 level can be expected next week. Near term support is at the price channel, and up trend will contain...
Short Term Analysis – November 29, 2006
USDCHF USDCHF is oversold and the cycle bottom on 4 hours chart is nearing, a slightly correction is needed before the resumption of the down trend, and a break above 1.2092 level may confirm such case. Otherwise,...
Short Term Analysis – November 28, 2006
EURUSDÂ EURUSD fail to test the resistance of the price channel and is topping at 1.3161 on 4 hours chart. The pair is overbought now, a slightly correction is needed, and pullback towards the bottom of the...
Short Term Analysis – November 27, 2006
USDCHF USDCHF is in down trend and further fall to test 1.1919 previous low support is still possible in a couple of days. Near term resistance is at the down trend line, and as long as the...
Short Term Analysis – November 24, 2006
USDCAD USDCAD may be bottoming on 4 hours chart, the rebound from 1.1380 is treated as in correction to the down trend, and further fall towards 1.1250 level can be expected after this correction. Key resistance is...
Short Term Analysis – November 23, 2006
USDCAD Key support at 1.1420 is broken below, USDCAD topped at 1.1492 on 4 hours chart, and the up trend from 1.1176 ended. Further fall towards 1.1350 level can be expected in a couple of days. Key...
Short Term Analysis – November 22, 2006
USDJPY USDJPY moved without trend in a narrow range between 117.12 and 118.58 for two weeks. Further rise above 118.58 to reach the next cycle top on 4 hours chart will more likely be seen in the...
Short Term Analysis – November 20, 2006
USDJPY USDJPY rebounded from 117.50 after meeting the up trend line support, the pair may be bottoming at 117.50 on 4 hours chart, and further rise above 118.58 to reach the next cycle top will more likely...
Short Term Analysis – November 17, 2006
AUDUSD The rebound from 0.7613 is limited by the price channel resistance, and AUDUSD is topping at 0.7694 on 4 hours chart. Key support is at 0.7631, a break below this level may confirm the cycle top....
Short Term Analysis – November 16, 2006
USDJPY USDJPY moves without trend in a range between 117.12 and 118.58 in the past two weeks. The pair is testing the down trend line resistance, if this resistance gives way, rise towards 119.00 level can be...