forex list

Arrows of currency trend in the chart show forex exchange rates compared with the latest forex exchange rates Following are indicative forex exchange currencies rates Courtesy : ECAP Remittance Buying Selling ...

Read More

Daily Forex - August 20, 2008

GBPUSD GBPUSD formed a short term cycle bottom at 1.8512 on 4-hour chart. Further rebound towards 1.8900 level is now in favor, and a break of 1.8722 resistance will confirm such case. As long as 1.8900 level holds, we’d expect down trend to resume, and fall below 1.8512 level will signal deeper decline to 1.8200 lev...

Read More

Daily Forex - August 18, 2008

USDCAD USDCAD might be forming a short term cycle bottom at 1.0562 on 4-hour chart. Key resistance is now located at 1.0693, a break above this level will confirm the cycle bottom. As long as 1.0562 level holds, we’d expect sideways consolidation in a couple of days and further rise towards 1.1000 is possible after consolidation. USDCHF USDCHF is in consolidation to up trend. Pullback to 1.0900 level could be seen later today. Initial support is now located at 1.0824, as long as this support holds, we’d expect up trend to resume, and further...

Read More

Daily Forex - August 19, 2008

GBPUSD GBPUSD might be forming a short term cycle bottom at 1.8512 on 4-hour chart. Key resistance is now located at 1.8722, a break of this level will confirm the cycle bottom, and then further rise could be seen to test 1.8900 resistance. However, the rebound from 1.8512 is treated as correction to down trend. As long as 1.8900 level holds, we’d expect down trend to resume, and deeper decline is still possible after correction. USDCAD USDCAD is forming a short term cycle bottom at 1.0543 on 4-hour chart, and the rise from 1.0543 could possibly...

Read More

Daily Forex - July 31, 2008

USDCHF USDCHF is testing 1.0539 (June 13 high) resistance. A break of the level will signal resumption of long term up trend. Initial support is at the uptrend line from 1.0010 to 1.0134, as long as the trend line support holds, we’d expect up trend to continue. EURUSDEURUSD’s down trend extends further to as low as 1.5521. Deeper decline towards 1.5302 (June 13 low) is still possible. Initial resistance is at 1.5768, as long as this resistance holds, down trend will continue. GBPUSD GBPUSD broke below 1.9814 support and is now in down trend....

Read More

Daily Forex- July 30, 2008

EURUSD EURUSD broke below 1.5611 (July 7 low), suggesting that the up trend from 1.5302 (June 13 low) has completed and down trend has resumed. Deeper decline towards 1.5302 previous low is now in favor. Initial resistance is at 1.5768, as long as this resistance holds, down trend will contin...

Read More

Daily Forex - July 29, 2008

GBPUSDGBPUSD might be forming a short term cycle bottom at 1.9816 on 4-hour chart. Key resistance is located at 1.9978, a break of this level will confirm the cycle bottom and further rise towards 2.0158 previous high is expected to follow. Initial support is at 1.9814, only fall below this level will signal deeper decline towards 1.9647 (July 7 low). USDJPY USDJPY pulled back from 108.07 and is testing the support of up trend line from 103.76 to 106.57. Deeper decline is expected if the trend line support gives way, and target would be at...

Read More

Daily Forex - July 28, 2008

USDJPY USDJPY broke above 107.98 resistance. However, consolidation would more likely be seen before breaking above 108.58 (June 16 high), and pullback to test 106.57 is still possible in a couple of days. Initial support is at the up trend line from 103.76 to 106.57, a break of the trend line support will signal deeper decline towards 106.57. USDCHF USDCHF is in consolidation to up trend and pullback to retest 1.0289 is still possible in a couple of days. As long as this support holds, we’d expect up trend to resume, and further rally is still...

Read More

Daily Forex - July 25, 2008

USDJPYUSDJPY broke below the up trend line from 103.76 to 106.05. Consolidation would more likely be seen in next few days. Further rally is still possible to test 108.58 (June 16 high) after consolidation, and a break of 107.98 level will signal resumption of up trend. USDCHFUSDCHF is in consolidation to up trend. Pullback to test 1.0289 support is possible in next few days. As long as this support holds, we’d expect up trend to resume, and further rally could be seen after consolidation. USDCADUSDCAD is now in up trend. Further rise to...

Read More

Daily Forex - July 24, 2008

USDCHF USDCHF broke above 1.0351 previous high resistance. Further rise is still possible to test 1.0539 (June 13 high) level. A break of this level will indicated that the down trend from 1.0623 (May 8 high) has completed and long term up trend has resumed. Initial support is now at the up trend line from 1.0010 to 1.0134. USDCAD USDCAD broke above 1.0080 resistance. The rise from 0.9974 could possibly be resumption of up trend. Further rebound is expect to test 1.0238 (July 1 high), a break of this level will confirm that the fall from 1.0322...

Read More

Daily Forex - July 23, 2008

USDCAD USDCAD broke above 1.0080 resistance and reached 1.0116 level. Further rebound is expect to test 1.0238 (July 1 high), a break of this level will indicate that the fall from 1.0322 (June 10 high) has completed and long term up trend has resumed. Initial support is now located at 0.9974, only fall below this level will signal deeper decline to 0.9900 lev...

Read More

Daily Forex - July 22, 2008

AUDUSD Analysis. AUDUSD formed a short term cycle top at 0.9849 on 4-hour chart. Sideways consolidation in a range between 0.9677 and 0.9849 could be seen in next few days. Near term support is at 0.9677 and followed by 0.9615. Key resistance is at 0.9849, a break above this level will signal further rally towards 1.0000 area. GBPUSD GBPUSD might be forming a short term cycle bottom at 1.9906 on 4-hour chart. Sideways consolidation in a range between 1.9906 and 2.0158 could be seen before breaking above 2.0158 level. One more rise towards...

Read More

Daily Forex - July 21, 2008

GBPUSD Analysis. GBPUSD formed a short term cycle top at 2.0158 on 4-hour chart. Deeper decline to test 1.9814 support is still possible in a couple of days, and sideways consolidation would more likely be seen before breaking above 2.0158 level. Up trend will resume after consolidation, and one more rise above 2.0391 (Mar 14 high) is still possible. EURUSD Being supported by the up trend line from 1.5302 (Jun 13 low) to 1.5611, EURUSD rebounds from 1.5783 level. The pair might be forming a short term cycle bottom on 4-hour chart. Key resistance...

Read More

Daily Forex - July 18, 2008

EURUSDEURUSD is testing the support of the up trend line from 1.5302 (Jun 13 low) to 1.5611, fall below this trend line support will take price to test 1.5611 level. Initial resistance is at 1.5893, above this level will indicate that the pair is forming a short term cycle bottom on 4-hour chart, and then rebound to 1.6000 area is expected to follow. USDCHF USDCHF broke above 1.0250 resistance and formed a short term cycle bottom at 1.0010 on 4-hour chart. Further rise to test 1.0351 previous high resistance could be seen in next few days, and...

Read More

Daily Forex - Jun 30, 2008

USDCHF USDCHF is testing the support of 1.0147 (June 9 low). Consolidation would more likely be seen before breaking below this level and rebound to 1.0240 is possible. As long as 1.0301 resistance holds, we’d expected down trend to resume and fall below 1.0147 could be seen after consolidation. USDJPYUSDJPY pulled back sharply from 108.41 and broke below 106.56 support. The pair is now in down trend. Further fall is still possible to 105.00 area in a couple of days. Initial resistance is at 107.20, as long as this resistance holds, we’d expect...

Read More

Daily Forex- Jun 27, 2008

USDJPY USDJPY is testing 106.56 support. Fall below this level would more likely be seen later today. And deeper decline to 105.50 area to reach next short term cycle bottom on 4-hour chart is now in favor. USDCADUSDCAD broke above the down trend line resistance . Further rebound is possible to test 1.0194 later today. As long as 1.0194 resistance holds, we’d expect down trend to resume, and deeper decline to 1.0000 could be seen after consolidation. AUDUSDAUDUSD pulled back from 0.9609 and broke below the price channel support. Deeper decline...

Read More

Daily Forex - Jun 26, 2008

USDCAD USDCAD broke below 1.0100 support and is back to down trend. Deeper decline to 1.0000 area is possible in next several days. Near term resistance is at the down trend line and followed by 1.0194, as long as 1.0194 resistance holds, down trend will continue. AUDUSD AUDUSD’s up trend remains and further rise to test 0.9653 (May 21 high) is possible in next few days. Initial support is at 0.9532, as long as this level holds, we’d expect up trend to continue. GBPUSD GBPUSD rebounded from 1.9586 and reached as high as 1.9769. Further rise to...

Read More

Daily Forex- Jun 25, 2008

GBPUSD GBPUSD formed a short term cycle top at 1.9791 level on 4-hour chart. The rise from 1.9586 is treated as correction to down trend. As long as 1.9791 resistance holds, we’d expect down trend to resume and deeper decline is still possible to 1.9500 area. Only rise above 1.9791 resistance will turn price back to up tre...

Read More

Daily Forex - Jun 24, 2008

AUDUSD AUDUSD pulled back from 0.9566 and is now in consolidation to the up trend. As long as the price channel support holds, we’d expect up trend to resume and further rise to test 0.9653 (May 21 high) is still possible after consolidation. GBPUSDGBPUSD broke below the key support at 1.9697 and formed a short term cycle top at 1.9791 on 4-hour chart. Deeper decline is expected to 1.9500 area. Key resistance is now at 1.9791, only rise above this level will signal resumption of up trend. EURUSDEURUSD broke below the up trend line and formed a...

Read More

Daily Forex - Jun 23, 2008

GBPUSD GBPUSD is testing 1.9800 previous high resistance. Further rise above 1.9852 (May 23 high) resistance to reach next short term cycle top is still possible in a couple of days. Key support is located at 1.9697, only break below this level will indicate that a short term cycle top has been formed and pullback to 1.9600 area is expected to follow. EURUSD EURUSD is in uptrend. As long as the trend line support holds, we’d expect up trend to continue. However, fall below this trend line support will indicate that the pair is forming a short...

Read More

Daily Forex - Jun 20, 2008

EURUSD Being contained by 1.5584 resistance, EURUSD pulled back to 1.5466 low. Key support is now located at 1.5461, a break below this level will indicate that a cycle top has been formed at 1.5586 level and deeper decline is expected to retest 1.5302. USDJPYUSDJPY formed a short term cycle top at 108.58 and is now in consolidation to up trend. As long as 106.56 support holds, we’d expect up trend to resume and further rally to 109.00 area could be seen after consolidation USDCHF Being contained by 1.0301 support, USDCHF rebounded from 1.0319....

Read More

Daily Forex - Jun 19, 2008

USDJPY USDJPY formed a short term cycle top at 108.58 on 4-hour chart. Pullback to test 106.56 is expected in a couple of days. Key resistance is now at 108.58, only rise above this level will signal resumption of up trend. USDCHF USDCHF is forming a sideways consolidation in a range between 1.0301 and 1.0539. Deeper decline to test 1.0301 level could be seen later today, break below this level will indicate that the pair is back to down trend, and further fall 1.0200 area is expected to follow. As long as 1.0301 support holds, we’d expect up...

Read More

Daily Forex - Jun 18, 2008

USDCHF USDCHF formed a short term cycle top at 1.0539 on 4-hour chart. Sideways consolidation in a range between 1.0301 and 1.0539 could be seen before breaking above 1.0539 level. As long as 1.0301 support holds, we’d expect up trend to resume, and rise above 1.0623 (May 8 high) is still in favor after consolidati...

Read More

Daily Forex - Jun 17, 2008

USDCHF USDCHF pulled back from 1.0539. Consolidation will more likely be seen in a couple of days. As long as 1.0301 support holds, we’d expect up trend to resume, and rise above 1.0623 (May 8 high) is still in favor. GBPUSD GBPUSD rebounded sharply from 1.9408 and reached as high as 1.9687. The rise could possibly be resumption of up trend. Further rally to test 1.9800 resistance is now in favor. Key support is located at 1.9408, only break down below this level will signal resumption of down trend. USDCAD No changed in our view, USDCAD is forming...

Read More

Forex - May 30, 2008

USDJPY As expected, USDJPY breaks above 105.70 (May 2 high) resistance. Further rally to 106.60 area to reach the next cycle top on 4-hour chart is still possible, and the next cycle top is nearing. Key support is now located at 104.45, a break of this level will indicate that the up trend from 102.73 has completed, and then pullback to retest 102.73 is expected to follow. GBPUSD Bing contained by the support of the up trend line from 1.9363 to 1.9453, GBPUSD rebounded from 1.9672 and formed a short term cycle bottom on 4-hour chart. Further rally...

Read More

Forex - May 29, 2008

GBPUSD GBPUSD formed a short term cycle top at 1.9852 and is in consolidation to the up trend. Pullback to test the up trend line from 1.9363 to 1.9453 is still possible later today. Key resistance is located a 1.9852, a break of this level will indicate that consolidation from 1.9852 has completed and up trend resume, further rally to test 2.0029 resistance is expected to follow. USDCHF USDCHF broke above 1.0354 resistance and formed a short term cycle bottom at 1.0214 on 4-hour chart. Further rally to 1.0500 area to reach the next cycle top...

Read More

Forex - May 28, 2008

GBPUSD GBPUSD broke below 1.9755 support and formed a short term cycle top at 1.9852 on 4-hour chart. The pair is now in correction to the up trend. Pullback to the up trend line from 1.9363 to 1.9463 is possible in a couple of days. As long as the trend line support holds, we’d expect up trend to resume and further rally to 1.9950 area could be seen after correcti...

Read More

Forex Analysis - May 27, 2008

GBPUSD GBPUSD formed a sideways consolidation in a range between 1.9755 and 1.9852. Further rise to 1.9950 area to reach the next short term cycle top is possible after consolidation. Only break of 1.9755 key support will indicate that a short term cycle top has been formed and pullback could be seen to test the support of the up trend line from 1.9363 to 1.9463. USDCHF USDCHF is in consolidation in a range between 1.0214 and 1.0354. Rebound to test 1.0354 resistance is still possible later today. As long as 1.0354 resistance holds, we’d expect...

Read More

Forex - May 26, 2008

USDCHFUSDCHF is in consolidation to the down trend. Rebound to test 1.9354 resistance is possible later today. As long as 1.9354 resistance holds, we’d expect down trend to resume and deeper decline to 1.0000 area could be seen after consolidation. GBPUSD GBPUSD is in up trend. Further rise to 2.000 area is still possible in the next few days. Near term support is at 1.9755, a break below this level will signal consolidation to the up trend and pullback could be seen to test the support of the up trend line from 1.9363 to 1.9463. AUDUSD AUDUSD...

Read More

Forex Analysis - May 23, 2008

USDCHF USDCHF rebounds from 1.0232 and is forming a short term cycle bottom on 4-hour chart. Sideways consolidation in a range between 1.0232 and 1.0390 is expected in a couple of days. Initial resistance is at 1.0390. Near term support is at 1.0232, a break of this level will signal resumption of the down trend. GBPUSD GBPUSD’s up trend remains and extends to as high as 1.9849 level. Further rise to 2.000 area is still possible in the next few days. Near term support is at 1.9612 and followed by the up trend line from 1.9363 to 1.9463. AUDUSD...

Read More

Forex Analysis - May 22, 2008

USDCHF USDCHF drops sharply to 1.0232 level. Deeper decline to 1.0000 area to reach the next short term cycle bottom on 4-hour chart is possible in a couple of days. Near term resistance is at 1.0325 and followed by 1.0390. GBPUSD GBPUSD is now in up trend. Further rise to 1.9850 area to reach the next short term cycle top is possible in a couple of days. Initial support is at 1.9610 and followed by the up trend line from 1.9363 to 1.9453, as long as the trend line support holds, we’d expect up trend to continue. AUDUSD AUDUSD is in up trend....

Read More

Forex- May 21, 2008

GBPUSDGBPUSD breaks above 1.9633 key resistance, suggesting that the fall from 2.0391 (Mar 14 high) has completed at 1.9363 level. Further rise to 1.9850 area to reach the next short term cycle top is possible in a couple of days. Initial support is at 1.9453 and key support is now located at 1.9363, only break of this level will signal resumption of the down tre...

Read More

Forex - May 20, 2008

EURUSD EURUSD pulls back from 1.5632 and might be forming a short term cycle top on 4-hour chart. Deeper decline to retest 1.5365 support is expected in a couple of days. As long as 1.5365 level holds, we’d expect up trend to resume and one more rise to 1.5700 area is still possible. AUDUSD AUDUSD broke above 0.9541 (Apr 23 high) resistance and reached as high as 0.9562. Sideways consolidation is expected in a couple of days, and further rally is still possible after consolidation. Near term support is at 0.9450 and followed by 0.9291. USDJPY...

Read More

Daily Forex - May 19, 2008

AUDUSD AUDUSD breaks above the symmetrical triangle pattern and up trend resumes. Further rise to 0.9800 area to reach the next short term cycle top is expected. Initial support is at 0.9400 and followed by 0.9291. EURUSD EURUSD broke above 1.5594 previous high resistance and is now in up trend. Further rebound to 1.5700 is expected in a couple of days. Near term support is at the up trend line from 1.5284 to 1.5419, as long as the trend line support holds, up trend will continue. USDJPY USDJPY pulled back from 105.44 and formed a short term cycle...

Read More

Short Term Analysis - Apr 30, 2008

USDCHF traded in a narrow range between 1.0298 and 1.0430. further rally to 1.0600 area to reach the next short term cycle top is still in favor after consolidation, and a break of 1.0430 will signal the resumption of the up trend. Initial support is at 1.0298 and followed by 1.0165, as long as 1.0165 support holds, up trend will contin...

Read More

Short Term Analysis - Apr 28, 2008

AUDUSD Analysis.AUDUSD formed a short term cycle top at 0.9541 and dropped sharply to as low as 0.9290. Further decline to test 0.9220 area to reach the next cycle bottom on 4-hour chart is still possible in a couple of days. Key support is at 0.9205, a break of this level will signal the reversal to the up trend. EURUSD Analysis.EURUSD is now in down trend. Rebound from 1.5554 is treated as consolidation to the down trend. Deeper decline to test 1.5342 (Mar 24 low) support is still possible after consolidation. Near term resistance is at 1.5707,...

Read More

Short Term Analysis - Apr 25, 2008

AUDUSD Analysis.As expected, AUDUSD formed a short term cycle top at 0.9541 on 4-hour chart. Further fall to test 0.9271 key support is still possible, a break below this level will indicate that the up trend from 0.8953 (Mar 20 low) has completed and deeper decline to 0.9000 area is expected to follow. Key resistance is now at 0.9541, only rise above this level will signal the resumption of the up trend. EURUSD Analysis.EURUSD breaks below 1.5671 key support. The rise from 1.5342 (Mar 24 low) completed at 1.6019 level. Further fall to test 1.5342...

Read More

Short Term Analysis - Apr 24, 2008

EURUSD Analysis.EURUSD is forming a short term cycle top at 1.6019 on 4-hour chart. Deeper decline to retest 1.5671 key support is expected in a couple of days, and a break below this level will signal the reversal to up trend. Immediate resistance is at 1.6019, only break above this level will signal the resumption of the uptrend. USDCAD Analysis.USDCAD is in correction to the down trend. Further rise is still possible to test the resistance of the down trend line from 1.0326 (Apr 1 high) to 1.0273. As long as 1.0273 resistance holds, we’d expect...

Read More

Short Term Analysis - Apr 23, 2008

USDCAD formed a short term cycle bottom at 0.9987 level. However, the rise from 0.9987 is treated as consolidation to the down trend. Further fall to test 0.9709 (Feb 28 low) support is still possible after consolidation, and a break of 0.9987 level will signal the resumption of the down tre...

Read More

Short Term Analysis - Apr 22, 2008

AUDUSD Analysis.AUDUSD’s up trend remains and further rise to test 1.9496 (Feb 28 high) is still possible in the next several days. Initial support is at the up trend line from 0.9031 to 0.9271 and key support is at 0.9271, as long as the key support holds, up trend will continue. EURUSD Analysis.EURUSD is in up trend. The fall from 1.5983 is treated as correction to the up trend. Further rally to 1.6200 area is still possible. Initial support is at 1.5710 followed by 1.5671, only break below 1.5671 support will signal the reversal to the up trend....

Read More

Short Term Analysis - Apr 18, 2008

EURUSD Analysis.EURUSD is in up trend. Further rally to 1.6200 area is still possible after consolidation. Near term support is at the up trend line from 1.5342 to 1.5510, as long as the trend line support holds, up trend will continue. GBPUSD Analysis.GBPUSD breaks above 1.9894 key resistance and reaches as high as 1.9924. Further rise to 2.0055 area is expected in the next several days. Near term support is at 1.9691, only break of this level will signal the resumption of the down trend. USDCHF Analysis.USDCHF traded in a narrow range between...

Read More

Short Term Analysis - Apr 17, 2008

GBPUSD Analysis.GBPUSD rebounded from 1.9599 and formed a short term cycle bottom on 4-hour chart. The pair is running in a wedge pattern in the last 3 weeks, deeper decline to test 1.9337 (Jan 22 low) is still in favor. Key resistance is now located at 1.9894, only break of the level will signal the reversal to the down trend. USDCHF Analysis.USDCHF formed a sideways consolidation in a range between 0.9870 and 1.0249. Key resistance is now located at 1.0111, a break of this level will indicate that the sideways consolidation has completed and...

Read More

Short Term Analysis - Apr 16, 2008

GBPUSD break below 1.9650 previous low support and reaches as low as 1.9599. deeper decline to test 1.9337 (Jan 22 low) is now at favor. Key resistance is now at 1.9894, only break of the level will signal the reversal to the down tre...

Read More

Short Term Analysis - Apr 15, 2008

USDCHF Analysis.USDCHF trades in a range between 0.9887 and 1.0090 and is forming a short term cycle bottom at 0.9887 level on 4-hour chart. A break above 1.0090 will confirm the cycle bottom and further rise to test 1.0216 is expected to follow. USDCAD Analysis.USDCAD pulls back from 1.0273 and might be forming a short term cycle top on 4-hour chart. Key support is located at 1.0132, a break of this level will confirm the cycle top and deeper decline to retest 1.0018 is expected to follow. Near term resistance is at 1.0326 and long term resistance...

Read More

Short Term Analysis - Mar 31, 2008

EURUSD Analysis.EURUSD is testing 1.5902 previous high resistance and formed a sideways consolidation in narrow range between 1.5726 and 1.5859. As long as 1.5902 (Mar 17 low) resistance holds, pullback to retest 1.5342 previous low is expected, only break of 1.5902 level will signal the resumption of the long term up trend. USDCHF Analysis.USDCHF traded in a narrow range between 0.9881 and 0.9996. Deeper decline to 0.9750 area to reach the next short term cycle bottom on 4-hour chart is still possible after consolidation, and a break of 0.9881...

Read More

Short Term Analysis - Mar 28, 2008

USDCHF Analysis.USDCHF is moving to the next cycle bottom on 4-hour chart. Further fall to 0.9800 area is still possible after consolidation. Key resistance is located at 1.0113, a break of this level will confirm the cycle bottom and indicate that the short term down trend from 1.0249 has completed. USDCAD Analysis.USDCAD formed a sideways consolidation in a range between 1.0094 and 1.0232. Deeper decline to 0.9900 area to reach the next cycle bottom on 4-hour chart is still possible after consolidation and a break of 1.0094 will confirm such...

Read More

Short Term Analysis - Mar 27, 2008

USDCAD Analysis.Being contained by the previous high resistance at 1.0378 (Jan 22 high), USDCAD formed a short term cycle top at 1.0307 level, and the up trend from 0.9709 (Feb 28 low) might be completed at 1.0307 level. Further pullback to 1.0000 area to reach the next cycle bottom on 4-hour chart is still possible in a couple of days. Key resistance is at 1.0307, only break of this level will signal the resumption of the up trend. GBPUSD Analysis.GBPUSD is in correction to the down trend. As long as 2.0391 resistance holds, we’d expect down...

Read More

Short Term Analysis - Mar 26, 2008

EURUSD rebounded sharply from 1.5342 and formed a short term cycle bottom on 4-hour chart. Further rally to 1.5800 area to reach the next cycle top is still possible in the next several days. However, the rise from 1.5342 is treated correction to the longer term down trend, and a break down of the key support at 1.5342 level will signal the resumption of the down tre...

Read More

Short Term Analysis - Mar 25, 2008

GBPUSD Analysis.Being contained by the previous low support at 1.9720, GBPUSD formed a short term cycle bottom at 1.9736 level. The pair is in consolidation to the down trend. Deeper decline is still possible after consolidation, and a break of 1.9736 level will indicate that the consolidation has completed and then further fall to retest 1.9337 (Jan 22 low) could be seen. EURUSD Analysis.EURUSD is in sideways consolidation in a range between 1.5342 and 1.5472. Initial resistance is now located at 1.5530, as long as this resistance holds, we’d...

Read More

Short Term Analysis - Mar 24, 2008

EURUSD Analysis.EURUSD formed a sideways consolidation in a narrow range between 1.5396 and 1.5472. Near term support is at 1.5396, a break down below this level will indicate that the down trend from 1.5902 has resumed, and then further fall to 1.5200 area could be seen. Near term resistance is at 1.5600, as long as this resistance holds, we’d expect down trend to continue. USDCHF Analysis.USDCHF is in up trend. The pullback from 1.0166 is treated as consolidation to the up trend. Further rise to test 1.0352 level is still possible in the next...

Read More

Short Term Analysis - Mar 21, 2008

EURUSD Analysis.EURUSD’s down trend remains and extends to as low as 1.5396 level. Deeper decline to 1.5200 area to reach the next short term cycle bottom on 4-hour chart is still possible. Consolidation will more likely be seen before breaking below 1.5145 (Mar 5 low) level. Near term resistance is now at 1.5600 level, as long as this resistance holds, we’d expect down trend to continue. USDCHF Analysis.USDCHF’s up trend extends to as high as 1.0166. Further rise to test 1.0352 level is still possible next week. Near term support is at the rising...

Read More