Short Term Analysis - May 24, 2007

USDCHFAs expected, USDCHF pulled back from 1.2331 and reached as low as 1.2239, further fall towards the up trend line from 1.2004 to 1.2125 to reach the next cycle bottom on 4 hours chart is still possible later today. However, the fall from 1.2331 is treated as consolidation to the up trend, and the next cycle bottom is nearing, the pair can bottom at 1.2239 level, a break above the key resistance at 1.2331 will signal the resumption of the up...

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Short Term Analysis - May 23, 2007

USDCHFUSDCHF is topping at 1.2331 on 4 hours chart. Further fall towards 1.2250 to reach the next cycle bottom can be expected in a couple of days. However, the fall from 1.2331 is treated as consolidation to the up trend, and rise towards 1.2500 is still possible after consolidation. EURUSDNo changed in our view, EURUSD is in down trend. Further fall towards 1.3350 can be seen in a couple of days. Near term resistance is at the down trend line...

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Short Term Analysis - May 22, 2007

USDCHFUSDCHF broke above the previous high resistance at 1.2282 and reached as high as 1.2331. Sideways consolidation will more likely be seen in a couple of days and pullback towards 1.2250 can be expected. Near term resistance is at 1.2331, a break above this level will signal the resumption to the up trend, and rise above 1.2354 (March 9 high) can be seen. EURUSDEURUSD broke below the previous low support at 1.3461 and down trend resumed. Further...

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Short Term Analysis - May 21, 2007

USDCHFAs expected, USDCHF broke above 1.2282 previous high resistance, slightly correction will more likely be seen, and pullback towards 1.2230 can be expected in a couple of days. Key support is at the bottom of the price channel, only break below the channel support will signal the reversal to the up trend. EURUSDEURUSD is in down trend. The fall from 1.3609 extended to 1.3464, 3 points higher than the previous low at 1.3461. More sharply fall...

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Short Term Analysis - May 18, 2007

EURUSDEURUSD is in down trend. Further fall towards 1.3350 can be seen, and a break below 1.3461 previous low will confirm such case. Near term resistance is at 1.3609, only break above this level will delay the resumption of the down trend. GBPUSDGBPUSD broke below previous low support at 1.9746. Further fall towards 1.9600 area can be expected in the next several days. Near term resistance is at 1.9810 and followed by the down trend line from...

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Short Term Analysis - April 30, 2007

GBPUSDThe fall from 2.0132 was limited by the up trend line from 1.9212 to 1.9590, GBPUSD rebounded from 1.9864. Further rise towards 2.0132 previous high is still possible in the next several days, and a break above the key resistance at 2.0061 will confirm such case. Key support is at 1.9864, only break below this level will delay the resumption of the up trend. USDJPYUSDJPY is in up trend, further rise towards 121.00 to reach the next cycle top...

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Short Term Analysis - April 27, 2007

AUDUSDAUDUSD is in correction to the medium term up trend. The rise from 1.8233 was limited by the up trend line from 0.7680 to 0.8063 and pulled back from 0.8358 level. Further fall towards 0.8200 is still possible in the next several days. Key resistance is at 0.8392, only break above this level will signal the resumption of the up trend. USDJPYAs expected, USDJPY broke above 119.03 and reached as high as 119.74 so far. Further rise above 119.86...

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Short Term Analysis - April 26, 2007

USDCADUSDCAD is in down trend. The fall from 1.1825 extended to as low as 1.1133, further decline towards 1.1100 is still possible in a couple of days. Near term resistance is at the down trend line from 1.1394 to 1.1338, now at 1.1231, a break above the trend line resistance will signal the reversal to the down trend. USDJPYUSDJPY moved without trend in a narrow range between 118.22 and 119.03 for 4 days. Further rise towards 119.86 previous high...

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Short Term Analysis - April 25, 2007

USDJPYUSDJPY traded in a narrow range between 118.22 and 119.03 for 3 days. Further rise towards 119.86 previous high to reach the next cycle top on 4 hours chart can still be expected in the next several days, and a break above 119.03 will confirm such case. Key support is at 117.59, only break below this level will signal the reversal to the up trend and fall towards 115.15 (March low) can be seen. USDCHFUSDCHF topped at 1.2126 on 4 hours chart....

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