USDJPY
USDJPY is forming a sideways consolidation in a range between 116.57 and 118.58, and further fall below 117.12 to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Key resistance is now at 118.28, if this resistance gives way, rise towards 119.00 level can be expected.
AUDUSD
AUDUSD is in down trend, the rebound from 0.7613 is treated as in correction to the down trend, and further fall below 0.7613 to reach the next cycle bottom on 4 hours chart is still possible after this correction. Near term resistance is at the top of the price channel, and follows by 0.7697 level.
USDCAD
USDCAD is in up trend, and further rise above 1.1413 previous high resistance to reach the next cycle top can be expected in the next several days. Key support is at 1.1264, only break below this level can signal the reversal to the up trend.
GBPUSD
Key support at 1.8973 is broken below, GBPUSD topped at 1.9177 on 4 hours chart, and further fall towards 1.8850 to reach the next cycle bottom is possible in the next several days. Key resistance is now at 1.9177, only break above this level may signal the resumption of the up trend.
EURUSD
EURUSD is in correction to the up trend, further fall towards 1.2745 level is still possible later today, and up trend will resume after this correction. Near term support is at the bottom of the price channel, now at 1.2760, and follows by 1.2745.
USDCHF
USDCHF is in correction to the down trend, further rise towards 1.2523 level is still possible later today, and down trend will resumes after this correction. Key resistance is at 1.2523, a break above this level may signal the reversal to the down trend.
Tuesday, July 28, 2009
Short Term M.AyazUmer
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