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Thursday, July 28, 2005

Short Term- October 27, 2006

EURUSD
20061027_eurusd_1.gifEURUSD is in up trend, and more sharply rise towards 1.2764 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.

GBPUSD
20061027_gbpusd_1.gifGBPUSD is in up trend, and more sharply rise towards 1.9072 previous high can be expected in the next several days. Near term support is at the up trend line, and as long as the trend line support holds, up trend will continue.
USDCHF
20061027_usdchf_1.gifUSDCHF is in down trend, and more sharply fall towards 1.2404 previous low can be expected in the next several days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
AUDUSD
20061027_audusd_1.gifAUDUSD is in up trend, and further rise towards 0.7675 area is possible in the next several days. Near term support is at the bottom of the rising price channel, and as long as the channel support holds, up trend will continue.
USDJPY
20061027_usdjpy_1.gifUSDJPY is in down trend, and further fall below 118.04 can be expected in the next several days. Near term resistance is at the down trend line, and as long as the trend line resistance holds, down trend will continue.
USDCAD
20061027_usdcad_1.gifUSDCAD is forming a sideways consolidation in a range between 1.1202 and 1.1321. Key resistance is at 1.1321, and a break above this level may confirm the cycle bottom at 1.1202. Key support is at 1.1202, a break below this level may signal the reversal to the up trend.

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