Short Term Analysis - October 18, 2007

AUDUSDAUDUSD is forming a short term cycle bottom at 0.8815. Sideways consolidation in a range between 0.8794 and 0.9077 will more likely be seen in the next several days. Key resistance is at 0.9077, a break above this level will signal the resumption of the up trend, and further rise towards 0.9200 is expected to follow. USDJPYUSDJPY formed a short term cycle top at 117.93. Further fall towards 114.00 area to reach the next cycle bottom is still...

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Short Term Analysis - October 18, 2007

AUDUSDAUDUSD is forming a short term cycle bottom at 0.8815. Sideways consolidation in a range between 0.8794 and 0.9077 will more likely be seen in the next several days. Key resistance is at 0.9077, a break above this level will signal the resumption of the up trend, and further rise towards 0.9200 is expected to follow. USDJPYUSDJPY formed a short term cycle top at 117.93. Further fall towards 114.00 area to reach the next cycle bottom is still...

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Short Term Analysis - October 17, 2007

USDCHF is topping at 1.1891 on daily chart. Pullback towards 1.1622 previous low is expected, and a break below this level will signal the resumption of the down trend. Near term resistance is at 1.1891, if gives way, rise towards 1.1950 can be seen. For long term analysis, USDCHF is in long term bearish movement, fall towards 1.1287 (2004 low) to reach the next cycle bottom on weekly chart is expect...

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Short Term Analysis - October 16, 2007

USDJPYUSDJPY is forming a short term cycle top at 117.93 on 4 hours chart, fall towards 116.00 is expected, and a break below the trend line support will confirm such case. Near term resistance is at 117.93, if gives way, further rise towards 118.50 can be seen. GBPUSDGBPUSD is in sideways consolidation to the up trend, further fall towards 2.0200 area to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Key...

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