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	Trend
US Dollar DD	0.0	0.0
US Dollar TT	0.0	0.0
Currency Notes
US Dollar	83.30	83.50
Kuwaiti Dinar	286.84	289.73
Malaysian Ringgit	0.0	0.0
Norwegians Krone	13.55	13.72
UK Pound Sterling	134.71	135.34
Saudi Riyal	22.04	22.22
Singapore Dollar	0.0	0.0
Swedish Korona	11.45	11.61
Swiss Franc	77.38	78.24
U.A.E Dirham	22.50	22.70
Bahrain Dinar	218.68	220.22
NewZealand $	43.5	43.8
Omani Riyal	214.25	216.36
Australian Dollar	68.88	69.76
Danish Krone	15.88	16.07
Euro	118.00	119.80
Thai Bhat	0.0	0.0
Canadian Dollar	77.00	77.99
Hong Kong Dollar	10.50	10.75
Qatari Riyal	22.58	22.98
Indian Rupee	1.58	1.68
China Yuan	0.0	0.0
Japanese Yen	0.8674	0.8766

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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 level.

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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 rise towards 1.1200 is in favor after consolidation.

USDJPY
USDJPY is forming a sideways consolidation in a range between 108.36 and 110.66. pullback to retest 108.36 is possible in a couple of days. As long as 108.36 level holds, we’d expect up trend to resume, and further rise towards 112.00 is still in favor.

AUDUSD
AUDUSD is forming a sideways consolidation in a range between 0.8591 and 0.8795. As long as 0.8795 resistance holds, we’d expect down trend to resume, and further fall to 0.8400 level could be seen after consolidation. However, a break below 0.8591 previous low is needed to confirm the resumption of down trend.

GBPUSD
GBPUSD might be forming a short term cycle bottom at 1.8512 on 4-hour chart. Key resistance is located at 1.8787, 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.

EURUSD
EURUSD remains in down trend, and deeper decline towards 1.4500 is still possible in a couple of days. Key resistance is now located at 1.4977, as long as the pair stays below this level, down trend will continue.

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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 be resumption of up trend. Key resistance is located at 1.0693, a break above this level will confirm the cycle bottom, and then further rally to 1.1000 level could be seen.

USDCHF
USDCHF traded in a narrow range between 1.0913 and 1.1007. As long as 1.0824 support holds, we’d expect up trend to resume and further rise towards 1.1200 is still in favor. Initial resistance is at 1.1007, a break of this level will signal resumption of up trend.

USDJPY
No changed in our view, USDJPY is forming a sideways consolidation in a range between 108.36 and 110.66. Pullback to retest 108.36 would more likely be seen a couple of days. As long as 108.36 level holds, we’d expect up trend to resume, and further rise towards 112.00 is still in favor.

AUDUSD
AUDUSD is forming a sideways consolidation in a range between 0.8591 and 0.8795. A triangle pattern is being formed right now. As long as 0.8795 resistance holds, we’d expect down trend to resume, and further fall towards 0.8400 level could be seen after consolidation. However, a break above 0.8795 level will bring price back to retest 0.8952 resistance.

EURUSD
EURUSD traded in a narrow range between 1.4660 and 1.4767. Deeper fall is still in favor after consolidation. Initial resistance is at 1.4767, only rise above this level will take price back to test 1.4977 key resistance.

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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.

EURUSD
EURUSD’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. Further fall towards 1.9647 (July 7 low) is expected. Near term resistance is at 1.9978, as long as this resistance holds, down trend will continue.

USDJPY
USDJPY’s up trend from 103.76 extends to as high as 108.33. Further rise to test 108.58 (June 16 high) is still possible after consolidation. Initial support is at 107.30 and followed by 106.57.

USDCAD
USDCAD is in up trend. The fall from 1.0272 is treated as consolidation to uptrend. Further rise towards 1.0322 (June 10 high) is still possible. Initial support is at 1.0173 and near term resistance is at 1.0272, a break of 1.0272 level will signal resumption of up trend.

AUDUSD
AUDUSD broke below 0.9475 (July 9 low) support. Deeper decline towards 0.9327 (June 12 low) is still possible. Key resistance is now located at 0.9594, only rise above this level will take price back to up trend.

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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 continue.

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Daily Forex - July 29, 2008

GBPUSD
GBPUSD 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 106.00-50 area.

USDCHF
No changed in our view, 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 possible after consolidation.

USDCAD
USDCAD broke above 1.0238 (July 1 high) resistance. Further rise towards 1.0322 (June 10 high) is still possible in next few days. Near term support is at 1.0127, as long as this support holds, uptrend will continue.

AUDUSD
AUDUSD might be forming a short term cycle bottom at 0.9527 on 4-hour chart. Key resistance is located at 0.9636, rise above this level will confirm the cycle bottom. Initial support is at 0.9527, only fall below this level will signal deeper decline to test 0.9475 (July 9 low).

EURUSD
EURUSD’s rebound from 1.5628 extended to as high as 1.5768. Further rise to 1.5800-50 area to reach next short term cycle top is still possible in a couple of days. Initial support is at 1.5628 and followed by 1.5611, a break down below 1.5611 level will indicate that the up trend from 1.5302 (June 13 low) has completed and long term down trend has resumed.

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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 possible after consolidation.

USDCAD
No changed in our view, USDCAD is in up trend. Further rise to test 1.0238 (July 1 high) resistance is expected in next few days. Initial support is at 1.0056, as long as this support holds, uptrend will continue.

AUDUSD
AUDUSD’s down trend extends further to as low as 0.9527. Deeper decline is still possible to test 0.9475 previous low support. Initial resistance is at 0.9636, only rise above this level will take price back to 0.9700 level.

GBPUSD
GBPUSD failed to test 1.9814 support and rebounded from 1.9816, the pair might be forming a short term cycle bottom on 4-hour chart. Further rise is expected to test 2.0158 previous high resistance. However, a break above 1.9978 in needed to confirm such case.

EURUSD
Being supported by 1.5611 (July 7 low), EURUSD rebounded from 1.5628 level. Further rise to 1.5800-50 area to reach next short term cycle top is still possible in a couple of days. Initial support is at 1.5611, a break down below this level will indicate that the up trend from 1.5302 (June 13 low) has completed and long term down trend has resumed.

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Daily Forex - July 25, 2008

USDJPY
USDJPY 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.

USDCHF
USDCHF 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.

USDCAD
USDCAD is now in up trend. Further rise to test 1.0238 (July 1 high) resistance is expected in next few days. Initial support is at 1.0056, as long as this support holds, uptrend will continue.

AUDUSD
AUDUSD broke below the support of the up trend line from 0.9327 (June 12 low) to 0.9475. Deeper decline is still possible to test 0.9475 previous low support. Initial resistance is at 0.9636, only rise above this level will take price back to 0.9700 level.

GBPUSD
GBPUSD is testing 1.9814 support. A break below this level will indicate that the up trend from 1.9408 (June 13 low) has completed and long term down trend has resumed. Key resistance is now located at 2.0076, a break of this level will signal further rise towards 2.0391 (Mar 14 high).

EURUSD
EURUSD is testing the previous low support at 1.5611 (July 7 low). A break below this level will indicate that the up trend from 1.5302 (June 13 low) has completed and long term down trend has resumed.

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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 (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 level.

AUDUSD
AUDUSD broke below 0.9677 support and the fall from 0.9849 extended further to as low as 0.9592 level. Deeper decline is still possible to test the support of the up trend line from 0.9327 (June 12 low) to 0.9475. Rebound would more likely be seen before breaking below the trend line support.

GBPUSD
GBPUSD traded in range between 1.9897 and 2.0076. Deeper decline is still possible to test 1.9814 support. Key resistance is now located at 2.0076, a break of this level will signal further rise towards 2.0391 (Mar 14 high).

EURUSD
EURUSD broke below the support of the up trend line from 1.5302 (June 13 low) to 1.5611. Deeper decline to test 1.5611 previous low support is expected. A break below this level will indicated that the uptrend from 1.5302 has completed and long term down trend has resumed.

USDJPY
USDJPY broke above 107.75 previous high resistance. Further rise to test 108.58 (June 16 high) is still possible in a couple of days. Initial support is at the up trend line from 103.76 to 106.05, consolidation could be seen if the trend line support gives way.

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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 level.

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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 2.0391 (Mar 14 high) is still possible after consolidation.

EURUSD
EURUSD broke above the key resistance at 1.5893 and formed a short term cycle bottom at 1.5783 on 4-hour chart. Sideways consolidation in a range between 1.5783 and 1.6038 could be seen before breaking above 1.6038 level.

USDCHF
USDCHF traded in range between 1.0134 and 1.0257. Initial support is at 1.0134, as long as this support holds, we’d expected up trend to resume and one more rise towards 1.0351 is possible. However, a break of 1.0257 is needed to confirm such case.

USDJPY
USDJPY might be forming a short term cycle top at 107.15 on 4-hour chart. Key support is located at 105.97, a break below this level will confirm the cycle top, and pullback to 105.00 area may be expected to follow.

USDCAD
No changed in our view, USDCAD might be forming a short term cycle top at 1.0080 on 4-hour chart. Pullback to test 0.9974 previous low support is expected, and a break of this level will signal deeper decline to 0.9900 level.

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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 is now located at 1.5893, a break of this level will conform the cycle bottom, and then further rise could be seen to 1.5940 level.

USDCHF
USDCHF’s rebound from 1.0010 extends to as high as 1.0257 level. Further rise could be seen to retest 1.0351 previous high resistance. Initial support is at 1.0170 and followed by 1.0134 level.

USDJPY
USDJPY rebounded sharply from 103.76 and reached 107.09 high. Further rise to test 107.75 previous high resistance is still possible in a couple of days. Initial support is at 105.97, a break below this level will take price back to 105.00 area.

AUDUSD
No changed in our view, AUDUSD formed a short term cycle top at 0.9849 on 4-hour chart. Sideways consolidation would be seen in next few days. Near term support is at 0.9660 and followed by 0.9615. Key resistance is at 0.9849, a break above this level will signal further rally towards 1.0000 area.

USDCAD
USDCAD might be forming a short term cycle top at 1.0080 on 4-hour chart. Pullback to test 0.9974 previous low support is expected, and a break of this level will signal deeper decline to 0.9900 level.

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Daily Forex - July 18, 2008

EURUSD
EURUSD 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 break above this level to reach next cycle top is still possible.

USDJPY
USDJPY broke above 106.80 resistance. Further rise to test 107.75 previous high resistance is still possible in next few days, a break of this level will indicate that the fall from 108.58 (June 16 high) has completed and up trend has resumed.

AUDUSD
AUDUSD formed a short term cycle top at 0.9849 on 4-hour chart. Sideways consolidation would be seen in next few days. Near term support is at 0.9660 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 formed a short term cycle top at 2.0158 on 4-hour chart. Sideways consolidation would more likely be seen in next few days. Up trend will resume after consolidation, and one more rise above 2.0391 (Mar 14 high) is still possible.

USDCAD
USDCAD formed a short term cycle bottom at 0.9974 on 4-hour chart. Rebound from 0.9974 is treated as consolidation to down trend. Deeper decline is still possible to 0.9900 area after consolidation and a break below 0.9974 will signal resumption of down trend.

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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.

USDJPY
USDJPY 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 down trend to continue.

USDCAD
USDCAD is in down trend. Deeper decline to 1.0000 area to reach next short term cycle bottom on 4-hour chart is still possible in a couple of days. Initial resistance is at 1.0142 and key resistance is at 1.0194. Only break above 1.0194 could signal reversal to down trend.

AUDUSD
AUDUSD is in up trend. Further rise to test 0.9653 (May 21 high) is possible in a couple of days. Initial support is at the up trend line, and as long as the trend line support holds, we’d expect up trend will continue.

GBPUSD
GBPUSD broke above 1.9852 (May 23 high) resistance. Further rise to 2.0100 area to reach next short term cycle top on 4-hour chart is still possible in next several days. Initial support is at 1.9804, as long this level holds, we’d expect up trend to continue.

EURUSD
EURUSD is in up trend. Further rise to test 1.5843 (June 9 high) is still possible in next few days. Initial support is at 1.5719 and followed by the up trend line from 1.5302 to 1.5468, as long as the trend line support holds, up trend will continue.

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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.

USDCAD
USDCAD 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.

AUDUSD
AUDUSD pulled back from 0.9609 and broke below the price channel support. Deeper decline is still possible to test 0.9493 support later today. However, the fall is treated as consolidation to up trend. As long as 0.9493 support holds, we’d expect up trend to resume, and a short term cycle bottom would be formed by the end of consolidation.

GBPUSD
GBPUSD broke above 1.9852 (May 23 high) and reached as high as 1.9895. The pair is back to up trend. Further rally is expected to 2.0000 area. Initial support is at the up trend line, as long as the trend line support holds, up trend will continue.

EURUSD
No changed in our view, EURUSD is in up trend. Further rise to test 1.5843 is still possible in next few days. Initial support is at the up trend line and key support is located at 1.5462, only break of 1.5462 level will signal resumption of down trend.

USDCHF
USDCHF broke below 1.0301 support and is now in down trend. Further fall is expected to test 1.0147 (June 9 low). Near term resistance is now at 1.0301, as long as this resistance holds, down trend will continue.

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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 test 1.9800 resistance is still possible later to day. If this resistance gives way, the next target would be at 1.9830 - 1.9850 region. Pullback and consolidation could be seen before breaking above 1.9852 (May 23 high).

EURUSD
EURUSD breaks above 1.5651 resistance and reaches as high as 1.5687. Further rise to test 1.5843 is still possible in next few days. Initial support is at 1.5537 and key support is located at 1.5462, only break of 1.5462 level will signal resumption of down trend.

USDJPY
USDJPY formed a short term cycle bottom at 107.12 on 4-hour chart. Sideways consolidation in range between 106.56 and 108.58 is now in favor before breaking above 108.58 level and pullback to test 106.56 would more likely be seen. However rise above 108.58 is resumption of up trend.

USDCHF
USDCHF traded in range between 1.0301 and 1.0539. Pullback to test 1.0301 support is still possible later today. As long as this support holds, we’d expect up trend to resume and rebound to 1.0600 is expect to follow after consolidation.

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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 trend.

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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.

GBPUSD
GBPUSD 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.

EURUSD
EURUSD broke below the up trend line and formed a short term cycle top at 1.5651. Further fall to retest 1.5302 previous low support is still possible in next several days. Key resistance is located at 1.5651, only break of this level will signal resumption of up trend.

USDJPY
USDJPY is testing the key resistance at 108.06, a break above this level will indicate that a short term cycle bottom has been formed at 107.12 level on 4-hour chart, and further rise above 108.58 previous is expected to follow. Initial support is at 107.12, only fall below this level will turn price back to test 106.56 support.

USDCHF
USDCHF formed a short term cycle bottom at 1.0302 level on 4-hour chart. Further rise to test 1.0623 (May 8 high) is expected. Initial support is located at 1.0301, a break below this level will pull price back to 1.0250 area.

USDCAD
No changed in our view, USDCAD might be forming a short term cycle bottom at 1.0100 level on 4-hour chart. Key resistance is located at 1.0210, we are waiting for a break of this level to confirm the cycle bottom. However, below 1.0100 will indicate that the pair is back to down trend, deeper decline to 1.0050 could be seen.

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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 term cycle top and the cycle top will be confirmed by breaking below 1.5462 level.

USDJPY
USDJPY formed a short term cycle top at 108.58. Consolidation in a range between 106.56 and 108.58 could be seen in next several days. As long as 106.56 support holds, we’d expect up trend to resume and further rally to 109.00 area is possible after consolidation.

USDCHF
USDCHF failed to test 1.0301 support and rebounded from 1.0302 level. The rise from 1.0302 could possibly be resumption of up trend. Further rally to test 1.0539 is now in favor. Initial support is located at 1.0301, a break below this level will pull price back to 1.0250 area.

USDCAD
USDCAD might be forming a short term cycle bottom at 1.0100 level on 4-hour chart. Key resistance is located at 1.0210, a break of this level will confirm the cycle bottom. However, below 1.0100 will indicate that the pair is back to down trend, deeper decline to 1.0050 could be seen.

AUDUSD
AUDUSD formed a short term cycle bottom at 0.9327 level on 4-hour chart. As long as the trend line support holds, we’d expect uptrend to continue and further rally is expected to 0.9600 area. Consolidation could be seen before breaking above 0.9653 (May 21 high).

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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.

USDJPY
USDJPY 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. The pair might be forming a short term cycle bottom on 4-hour chart. Further rise above 1.0623 (May 8 high) is possible next week.

GBPUSD
GBPUSD traded in range between 1.9408 and 1.9800. Further rise above 1.9852 resistance to reach next short term cycle top would more likely be seen next week. Near term support is at 1.9469 and followed by 1.9408.

USDCAD
As expected, USDCAD broke below 1.0150 support and reached as low as 1.0109. Deeper decline is still possible to 1.0050 area later today. Initial resistance is is at 1.0210, a break above this level will turn price back to range trading, and further rebound to test 1.0322 is expected to follow.

AUDUSD
AUDUSD formed a short term cycle bottom at 0.9327 level on 4-hour chart. Further rally is expected to 0.9600 area. Near term support is at the up trend line and as long as the trend line support holds, up trend will continue.

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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 trend to resume, and rise above 1.0623 (May 8 high) is still in favor.

GBPUSD
GBPUSD traded in range between 1.9408 and 1.9800. Further rise to 1.9750 area to reach next short term cycle top would more likely be seen in a couple of days. Near term support is at 1.9469 and followed by 1.9408.

USDCAD
USDCAD is testing 1.0150 support, break below this level would more likely be seen later today. Next short term target would be at 1.0070 area. Initial resistance is located at 1.0210, rise above this level will pull price back to range trading between 1.0150 and 1.0322.

EURUSD
EURUSD is testing 1.5584 resistance, a break of this level will indicate lengthier consolidation is underway. As long as 1.5584 resistance holds, we’d expect down trend to resume and deeper decline is still possible to 1.5000 area.

AUDUSD
AUDUSD formed a short term cycle bottom at 0.9327 level on 4-hour chart. Further rally is expected to 0.9550 area in a couple of days. Key support is at 0.9327, fall below this level would be resumption of down trend.

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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 consolidation.

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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 a sideways consolidation in a range between 1.0150 and 1.0322. Pullback to test 1.0070 support is expected before breaking above 1.0322 level. As long as 1.0070 support holds, we’d expect up trend to resume. Initial resistance is at 1.0322, above this level will signal resumption of up trend.

EURUSD
EURUSD is in down trend. The rise from 1.5302 is treated as correction to down trend. As long as 1.5584 resistance holds, we’d expect down trend to resume and deeper decline is still possible to 1.5000 area after correction.

USDJPY
No changed in our view, USDJPY is in up trend. Further rally to 100.00 area to reach next short term cycle top is still possible in a couple of days. Near term support is at 107.50 and key support is located at 106.56, as long as the key support holds, up trend will continue.

AUDUSD
AUDUSD is in down trend. Rebound from 0.9327 is treated as consolidation to down trend. Further fall to test 0.9291 (May 15 low) is still possible later today. Key resistance is at 0.9492, rise above this level will indicate that the downtrend from 0.0646 has completed and uptrend has resumed.

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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 to test 2.0029 (Apr 21 high) resistance is expected to follow. Near term support is at the up trend line and followed by 1.9672, only fall below this level will indicate lengthier correction is under way and delay the resumption of the up trend.

USDCHF
USDCHF is in up trend. Further rise to test 1.0623 (May 8 high) resistance is still possible. Initial support is at 1.0355, as long as this support holds, up trend will continue. Key support is at 1.0214, only break of this level will signal resumption of down trend.

AUDUSD
AUDUSD is in consolidation to the up trend and is moving to the next short term cycle bottom on 4-hour chart and the cycle bottom is nearing. As long as 0.9510 support holds, we’d expect up trend to resume and really to 0.9900 area is still in favor.

EURUSD
EURUSD dropped sharply from 1.5818 and reached as low as 1.5485. Further fall to test 1.5284 (May 8 low) is still possible in next several days. Initial resistance is at 1.5615, only break of this level will signal consolidation to the down trend.

USDCAD
USDCAD is forming a sideways consolidation in a range between 0.9818 and 0.9957. A break of 0.9818 previous low will indicate that the down trend from 1.0242 (May 2 high) has resumed and further fall is expected to test 0.9709 (Feb 28 low).

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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 is expected. Key support is at 1.0214, only break of this level will signal resumption of down trend.

AUDUSD Analysis.
AUDUSD formed a sideways consolidation in a narrow range between 0.9543 and 0.9653. Break above 0.9653 resistance could be seen after consolidation and a great move to 0.9900 area is expected to follow.

USDJPY
USDJPY is testing 105.44 resistance. Break above this level will indicate that the sideways consolidation from 105.70 (May 2 high) has completed and up trend resumes, further rally to 106.60 area is expected to follow.

EURUSD
EURUSD dropped sharply from 1.5818 and formed a short term cycle top on 4-hour chart. Further pullback to 1.5500 area to reach the next cycle bottom is expected after consolidation. Key resistance is located at 1.5818, only rise above this level will signal resumption of the up trend.

USDCAD
USDCAD formed a short term cycle bottom at 0.9818 on 4-hour chart. However, the rise from 0.9818 is treated as correction to the down trend, a break of 0.9818 level will signal resumption of the down trend.

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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 correction.

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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 down trend to resume, and a break of 1.0214 will signal resumption of down trend.

AUDUSD
AUDUSD is forming a sideways consolidation in a range between 0.9543 and 0.9653. As long as 1.9510 support holds, we’d expect up trend to resume and further rally to 0.9800 is possible, a break above 0.9653 level will signal resumption of the up trend.

USDJPY
No change in our view, USDJPY formed a sideways consolidation in a range between 102.58 and 105.70 (May 2 high). As long as 102.58 support holds, rebound to test 105.44 previous high resistance is expected in a couple of days, and a break of 105.44 level will indicate that the sideways consolidation from 105.70 has completed and up trend resumes.

EURUSD
EURUSD trades in a narrow range between 1.5691 and 1.5813. Further rise to 1.5950 is expected after consolidation, and a break of 1.5813 resistance will signal resumption of the up trend. Initial support is at 1.5691, a break of this level will pull price back to test 1.5631 level.

USDCAD
USDCAD rebounded from 0.9818 and reach as high as 0.9931. As long as 0.9959 resistance holds, we’d expect down trend to resume and further fall to test 0.9709 (Feb 28 low) is possible after consolidation. Near term support is at 0.9818, a break below this level will signal resumption of the down trend.

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Forex - May 26, 2008

USDCHF
USDCHF 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 formed a short term cycle top at 0.9653 and is in consolidation to the up trend. Pullback to test 0.9510 is possible in a couple of days. As long as this support holds, we’d expect up trend to resume and further rally to 0.9800 is still in favor.

USDJPY
USDJPY traded in range between 102.58 and 105.70 (May 2 high). As long as 102.58 support holds, rebound to test 105.44 previous high resistance is expected in a couple of days, and a break of 105.44 level will indicate that the sideways consolidation from 105.70 has completed and up trend resumes.

EURUSD
EURUSD is in consolidation to the up trend. Pullback to test 1.5631 support is possible in a couple of days. As long as 1.5631 support holds, we’d expect up trend to resume, and then further rise to1.5950 area could be seen.

USDCAD
USDCAD is in down trend. Rebound from 0.9818 is treated as consolidation to the down trend. Further fall to test 0.9709 (Feb 28 low) is possible after consolidation. Near term resistance is at 0.9959, as long as this resistance holds, down trend will continue.

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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
AUDUSD formed a short term cycle top at 0.9653 on 4-hour chart. Sideways consolidation is expected in a range between 0.9510 and 0.9653 in the next few days. Initial support is at 0.9510, as long as this support holds, we’d expect up trend to resume and further rally to 0.9800 is still in favor.

USDJPY
Being contained by 102.58 previous low support, USDJPY rebounded from 102.73 and formed a short term cycle bottom on 4-hour chart. Further rise to test 105.44 is expected next week, a break of this level will indicate that the sideways consolidation from 105.70 (May 2 high) has completed and up trend resumes.

EURUSD
EURUSD pulls back from 1.5813 and might be forming a short term cycle top on 4-hour chart. Sideways consolidation in a range between 1.5631 and 1.5813 could be seen in the next several days. As long as the up trend line from 1.5284 to 1.5419 holds, we’d expect up trend to resume and further rally to test 1.6019 (Apr 22 high) is still possible.

USDCAD
USDCAD’s down trend from 1.0242 extends to as low as 0.9818. Rebound from 0.9818 is treated as consolidation to the down trend. Further fall to test 0.9709 (Feb 28 low) is possible after consolidation. Near term resistance is at 0.9959, as long as this resistance holds, down trend will continue.

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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. The rise from 0.9291 extends to 0.9653 level. Near term support is at 0.9557 and followed by 0.9510, as long as 0.9510 support holds, further rally to 0.9800 is expected.

USDJPY
USDJPY is testing 102.58 previous low support. As long as this support holds, we’d expect up trend to resume and rise to retest 1.0544 resistance is possible. A break of 102.58 level will indicate that the up trend from 95.77 (Mar 17 low) has completed and down trend resumes, pullback to 1.0000 area could then be seen.

EURUSD
EURUSD is in up trend. The rise from 1.5284 extends to 1.5800 level. Further rally is expected to retest 1.6019 (Apr 22 high) level. Initial support is at 1.5630 and followed by the up trend line from 1.5284 to 1.5419, as long as the trend line support holds, we’d expect up trend to continue.

USDCAD
USDCAD’s down trend from 1.0242 extends to as low as 0.9818. Further fall to test 0.9709 (Feb 28 low) is possible in a couple of days. Near term resistance is at 0.9959, as long as this resistance holds, down trend will continue.

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Forex- May 21, 2008

GBPUSD

GBPUSD 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 trend.

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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
USDJPY is in sideways consolidation in a range between 105.70 and 102.58. As long as 102.58 support holds, we’d expect up trend to resume and rise to 10700 area is still in favor after consolidation.

USDCHF
No changed in our view, USDCHF is formed a sideways consolidation in a range between 1.0388 and 1.0623. Break below 1.0388 level will more likely be seen. Key resistance is at 1.0623, only break of this level will signal resumption of the long term up trend.

GBPUSD
Being contained by 1.9633 resistance, GBPUSD pulls back from 1.9622 and formed a short term cycle top on 4-hour chart. Deeper decline to test 1.9337 (Jan 22 low) support could be seen and break of this level is still in favor. Initial resistance is at 1.9633, only rise above this level will signal lengthier correction to the down trend.

USDCAD
USDCAD’s down trend extends to as low as 0.9898. Further fall to 0.9800 area is still possible after consolidation. Near term resistance is at 1.0067, as long as this resistance holds, down trend will continue.

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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 top on 4-hour chart. Sideways consolidation in a range between 105.70 and 102.58 is possible in the next few days. As long as 102.58 support holds, we’d expect up trend to resume and rise to 10700 area is still in favor after consolidation.

USDCHF
USDCHF is formed a sideways consolidation in a range between 1.0388 and 1.0623. Break below 1.0388 level will more likely be seen. Key resistance is at 1.0623, only break of this level will signal resumption of the long term up trend.

GBPUSD
GBPUSD rebounded from 1.9363 and the rise would possibly be sideways consolidation in a range between 1.9363 and 1.9633. Down trend will resume after consolidation and a break of 1.9363 will indicate that the pair is back to down trend.

USDCAD
No changed in our view, USDCAD is in down trend. The fall from 1.0242 extends to as low as 0.9942 level. Further fall to 0.9800 area is still possible after consolidation. Near term resistance is at 1.0067, as long as this resistance holds, down trend will continue.

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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 continue.

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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, a break of this level will indicate lengthier consolidation and delay the resumption of the down trend.

USDCAD Analysis.
USDCAD formed a short term cycle top at 1.0214 on 4-hour chart. Further fall below 0.9987 previous low is still possible in the next several days. Key resistance is at 1.0214, only rise above this level will signal the resumption of the long term up trend.

GBPUSD Analysis.
GBPUSD rebounded sharply from 1.9676. However, the rise from 1.9676 is treated as correction to the down trend. As long as 2.0029 key resistance holds, we’d expect down trend to resume and then fall below 1.9599 could be seen.

USDCHF Analysis.
USDCHF is in up trend. Further rise towards 1.0600 area to reach the next short term cycle top is possible after consolidation. Near term support is at 1.0300 and followed by 1.0165, as long as 1.0165 support holds, up trend will continue.

USDJPY Analysis.
USDJPY broke above 104.64 previous high and up trend resumed. Further rise towards 107.00 area to reach the next short term cycle top is possible. Initial support is at 103.33, as long as this support holds, up trend will continue.

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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 is possible after consolidation. Key resistance is now located at 1.6019, only break of this level will signal the resumption of the up trend.

USDCAD Analysis.
USDCAD is in correction to the down trend and the fall from 1.0214 could possibly be resumption of the down trend. Deeper decline to retest 0.9987 is expected in the next several days. Near term resistance is at the down trend line from 1.0326 (Apr 1 high) to 1.0273 and key resistance is at 1.0273 level.

GBPUSD Analysis.
GBPUSD breaks below 1.9745 support and reaches as low as 1.9685. Further fall to test 1.9599 previous low support is still possible later today. Near term resistance is at 1.9875, as long as this resistance holds, down trend will continue.

USDCHF Analysis.
As expected, USDCHF formed a short term cycle bottom at 0.9995 on 4-hour chart. Further rise to 1.0500 area to reach the next cycle top is still possible next week. Initial support is at 1.0165, as long as this support holds, up trend will continue.

USDJPY Analysis.
USDJPY is testing 104.64 resistance, a break above this level will signal the resumption of the up trend and target will be expected at 106.00 area. Initial support is at 102.67 followed by the price channel.

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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 down trend to resume and deeper decline to retest 0.9987 could be seen after correction.

AUDUSD Analysis.
Being contained by the price channel resistance, AUDUSD pulls back from 0.9541 level. The pair might be forming a short term cycle top at 0.9541 on 4-hour chart. Further fall to test the price channel support is still possible in the next several days. Initial resistance is at 0.9541, only break of this level will signal the resumption of the up trend.

GBPUSD Analysis.
GBPUSD failed to test 2.0029 resistance and dropped sharply from 1.9997. Key support is now located at 1.9745, a break below this level will confirm the short term cycle top at 2.0029, and further fall below 1.9599 is expected to follow.

USDCHF Analysis.
USDCHF might be forming a short term cycle bottom at 0.9995 on 4-hour chart. Further rally to test 1.0284 is expected in a couple of days. Near term support is at 0.9995, only break below this level will indicate lengthier correction to the longer term up trend.

USDJPY Analysis.
No changed in our view, USDJPY formed a short term cycle top at 104.64 level on 4-hour chart. Pullback to retest the price channel support is expected. Key resistance is at 104.64, only break of this level will signal the resumption of the up trend.

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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 trend.

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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.

GBPUSD Analysis.
Being contained by the price channel resistance, GBPUSD pulls back sharply from 2.0029. Deeper decline to test 1.9599 previous low support is now in favor. Near term resistance is at 2.0029, a break above this level will indicate lengthier consolidation to the long term down trend is underway.

USDCHF Analysis.
USDCHF formed a short term cycle top at 1.0284 on 4-hour chart. Further fall to test 0.9887 previous low support is expected. As long as 0.9887 holds, we’d expect up trend to resume and rise towards 1.0500 area is still possible.

USDCAD Analysis.
USDCAD formed a short term cycle bottom at 0.9987 level on 4-hour chart. The pair is now in consolidation to the down trend. Deeper decline to 0.9800 area is expected after consolidation and a break of 0.9987 level will signal the resumption of the down trend.

USDJPY Analysis.
USDJPY formed a short term cycle top at 104.64 level on 4-hour chart. Pullback to retest the price channel support is expected. Key resistance is at 104.64, only break of this level will signal the resumption of the up trend.

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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 0.9887 and 1.0111. A break of 1.0111 will indicate that the sideways consolidation from 1.0249 has completed and further rise to 1.0500 area is expected to follow. Only break below 0.9887 would pull price back to test 0.9634 (Mar 17 low).

USDCAD Analysis.
USDCAD rebounded sharply from 0.9987. However, the rise from 0.9987 is treated as correction to the down trend. Deeper decline to 0.9900 area is still in favor after correction. Key resistance is at 1.0273, only break above this level will signal the resumption of the up trend.

USDJPY Analysis.
USDJPY is moving to test 102.94 previous high resistance, and break above this level to reach the next short term cycle top on 4-hour chart is expected. Near term support is at the price channel, only break below the channel support will signal the reversal to the up trend.

AUDUSD Analysis.
AUDUSD is in up trend. Further rally to test 0.9496 (Feb 28 high) is still possible 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.

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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 further rise to 1.0500 area is expected to follow. Only break below 0.9887 would pull price back to test 0.9634 (Mar 17 low).

USDCAD Analysis.
USDCAD broke below the key support at 1.0132 and dropped sharply to as low as 1.000 level. Deeper decline to 0.9900 area is still possible later today. Near term resistance is at 1.0150, as long as this resistance holds, we’d expect down trend to continue.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 100.02 level on 4-hour chart. Further rise to 105.00 area to reach the next cycle top is still possible, and a break of 102.25 resistance will confirm such case. Only break below 100.02 support will signal the reversal to the up trend.

AUDUSD Analysis.
AUDUSD rises above 0.9346 resistance and reaches as high as 0.9401, further rally to test 0.9496 (Feb 28 high) is still possible 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.

EURUSD Analysis.
EURUSD breaks above 1.5913 resistance and reaches as high as 1.5978. Further rally to 1.6200 area is still possible after consolidation. Near term resistance is at the up trend line from 1.5342 to 1.5510, as long as the trend line support holds, up trend will continue.

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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 trend.

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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 is at 1.0378 (Jan 22 high), only break above this level will signal the resumption of the long term up trend.

USDJPY Analysis.
No changed in our view, USDJPY might be forming a short term cycle bottom at 100.02 level. Key resistance is now at 102.25, a break about this level will confirm the cycle bottom and further rise to 105.00 area to reach the next cycle top is expected to follow.

GBPUSD Analysis.
GBPUSD is forming a short term cycle top at 1.9894 on 4-hour chart. Key support is now located at 1.9650, a break of this level will confirm the cycle top and deeper decline to test 1.9337 (Jan 22 low) could then be seen.

AUDUSD Analysis.
AUDUSD formed a short term cycle top at 0.9346 level. Deeper decline to retest 0.9031 is now in favor and a break below 1.9205 will confirm such case. Near term resistance is at 0.9346, only break above this level will signal the resumption of the up trend.

EURUSD Analysis.
Being contained by the up trend line support, EURUSD rebounds from 1.5671. further rise above 1.5913 is still possible after consolidation. Near term support is at the up trend line and long term key support is at 1.5342, a break below this level will signal the reversal to the long term up trend.

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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 level will confirm such case. Key resistance is at 1.0113, a break of this level will signal the resumption of the up trend, and further rally to test 1.0352 resistance could be seen.

USDCAD Analysis.
USDCAD is forming a sideways consolidation in a range between 1.0094 and 1.0307. As long as 1.0307 resistance holds, we’d expect down trend to resume, further fall to test 0.9709 previous low support is possible, and a break down of 1.0094 is needed to confirm such case. Key resistance is at 1.0307, only break of the level will signal the resumption of the long term up trend.

GBPUSD Analysis.
GBPUSD breaks below 1.9926 key support and confirms the short term cycle top at 2.0193 level on 4-hour chart. Further fall to test 1.9736 previous low support is now in favor. Key resistance is at 2.0193, only break of this level will signal the reversal to the down trend.

AUDUSD Analysis.
AUDUSD is forming a short term cycle top at 0.9252 level, key support is now located at 0.9121, a break of this level will confirm the cycle top and deeper decline to test 0.8953 support could be seen.

USDJPY Analysis.
USDJPY formed a sideways consolidation in a range between 98.55 and 101.03. As long as 98.55 support holds, we’d expect up trend to resume and further rise to test 103.59 resistance is still in favor, a break of 101.03 level is needed to confirm such case.

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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 case. Key resistance is at 1.0307, only break of this level will signal the resumption of the up trend.

GBPUSD Analysis.
GBPUSD’s rebound from 1.9736 extends to as high as 2.0193. The pair might be forming a short term cycle top on 4-hour chart. Key support is located at 1.9926, a break of this level will confirm the cycle top and deeper decline to test 1.9736 previous low support could then be seen.

EURUSD Analysis.
No changed in our view, EURUSD is testing 1.5902 previous high resistance. Sideways consolidation could be seen before breaking above this level. A break of 1.5902 level will signal the resumption of the long term up trend, and further rise to 1.6500 area is expected to follow.

AUDUSD Analysis.
AUDUSD’s rebound from 0.8953 extends to as high as 0.9252. Further rise to 0.9300 area to reach the next cycle top on 4-hour chart is still possible. Key support is at 0.9121, a break of this level will confirm the cycle top and indicate that the short term up trend has completed.

USDJPY Analysis.
No changed in our view, USDJPY formed a short term cycle top at 101.03. Deeper decline to 97.00 area to reach the next cycle bottom on 4-hour chart is still possible in a couple of days. Key resistance is at 101.03, a break above this level will signal the resumption of the up trend, and then further rise to test previous high resistance at 103.59 could be seen.

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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 trend to resume and deeper decline is still possible after correction. Key support is now located at 1.9926, a break of this level will signal the resumption of the down trend.

EURUSD Analysis.
EURUSD is testing 1.5902 previous high resistance. Sideways consolidation could be seen before breaking above this level. A break of 1.5902 level will signal the resumption of the long term up trend, and further rise to 1.6500 area is expected to follow.

USDCHF Analysis.
USDCHF formed a short term cycle top at 1.0249 level. As long as 1.0113 resistance holds, deeper decline to 0.9700 area to reach the next cycle bottom on 4-hour chart could be seen in a couple of days.

AUDUSD Analysis.
AUDUSD is in correction to the down trend. As long as 0.9353 resistance holds, we’d expect down trend to resume, and deeper decline could be seen after correction. Near term support is at 0.9121, a break down of this level will signal the resumption of the down trend.

USDJPY Analysis.
USDJPY formed a short term cycle top at 101.03. Deeper decline to 97.00 area to reach the next cycle bottom on 4-hour chart is still possible in a couple of days. Key resistance is at 101.03, a break above this level will signal the resumption of the up trend, and then further rise to test previous high resistance at 103.59 could be seen.

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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 trend.

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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 expect down trend to resume and deeper decline to 1.5200 area is still in favor.

USDCHF Analysis.
USDCHF’s up trend remains and extends to as high as 1.0249. Further rally to test 1.0352 level is still possible after consolidation. Near term support is at the rising price channel now at 1.0095, as long as the channel support holds, we’d expect up trend to continue.

USDCAD Analysis.
Being contained by the previous high resistance at 1.0378 (Jan 22 high), USDCAD pulls back from 1.0307. Consolidation would more likely be seen in a couple of days. Near term support is at 1.0010, a break of this level will signal the reversal to the up trend.

AUDUSD Analysis.
AUDUSD is in consolidation to the down trend. As long as near term resistance at 0.9150 holds, we’d expect down trend to resume, and a break down of previous low support at 0.8953 will signal the resumption of the down trend.

USDJPY Analysis.
As expected, USDJPY break above 100.45 previous high, and reaches as high as 101.03. Further rise to 102.00 area to reach the next short term cycle top on 4-hour chart is still possible in a couple of days. As long as the trend line support holds, we’d expect up trend to continue.

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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 several days, and a break of 1.0166 level will confirm such case. Near term support is at the rising price channel now at 1.0020, as long as the channel support holds, we’d expect up trend to continue.

USDCAD Analysis.
USDCAD rise sharply to as high as 1.0293 level last week. Further rally to test 1.0378 (Jan 22 high) is still possible in a couple of days. Near term support is at 1.0010, only break of this level will signal the reversal to current trend.

AUDUSD Analysis.
AUDUSD’s down trend remains and the rebound from 0.8953 is treated as consolidation to the down trend. Deeper decline to 0.8800 area is still possible after consolidation, a break below 0.8953 will signal the resumption of the down trend.

USDJPY Analysis.
No changed in our view, USDJPY formed a sideways consolidation in a range between 97.66 and 100.45. as long as 97.66 support holds, we’d expect up trend to resume and further rise to 102.00 area to reach the next short term cycle top on 4-hour chart is in favor, a break of 100.45 will confirm such case.

GBPUSD Analysis.
GBPUSD is testing the previous low support at 1.9720. Lengthier consolidation could be seen before breaking below this level. Near term resistance is at 2.0085, as long as this resistance holds, we’d expect down trend to resume.

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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 price channel now at 1.9940, as long as the channel support holds, we’d expect up trend to continue.

USDCAD Analysis.
USDCAD breaks above 1.0198 (Feb 20 high) resistance and reaches as high as 1.0293 level. Further rally to test 1.0378 (Jan 22 high) is still possible in a couple of days. Near term support is at 1.0010, only break of this level will signal the reversal to current trend.

AUDUSD Analysis.
AUDUSD’s down trend remains and extends to as low as 0.8953. Further fall to 0.8900 area is still possible in a couple of days. Consolidation will more likely be seen before breaking below 0.8873 (Feb 7 low) level. Near term resistance is now at 0.9115, only break of this level will signal consolidation to the down trend.

USDJPY Analysis.
USDJPY formed a sideways consolidation in a range between 97.66 and 100.45. as long as 97.66 support holds, we’d expect up trend to resume and further rise to 102.00 area to reach the next short term cycle top on 4-hour chart is in favor, a break of 100.45 will confirm such case.

GBPUSD Analysis.
GBPUSD is testing the previous low support at 1.9720. Lengthier consolidation could be seen before breaking below this level. Near term resistance is at 2.0085, as long as this resistance holds, we’d expect down trend to resume.

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