Short Term Analysis - September 28, 2007

EURUSD
EURUSD is in up trend, the rise form 1.3360 (Aug 16 low) extended to as high as 1.4189, further rise towards 1.4250 to reach the next cycle top on 4 hours chart is still possible later today. Key support is at 1.4110, a break below this level will signal consolidation to the up trend, and pullback towards 1.4050 area is expected to follow.

USDCAD
USDCAD is in consolidation to the down trend, further rise towards 1.0200 area is still possible in the next several days. Down trend will resume after consolidation, fall towards 0.9800 is expected, and a break below 0.9935 will signal the resumption of the down trend.

USDJPY
USDJPY formed a sideways consolidation in a range between 113.97 and 116.36. A break above 116.36 level will signal the resumption of the up trend and rise towards 119.00 is expected. Near term support is at 113.97, if gives way, the price will find support at 112.58 previous low.

GBPUSD
GBPUSD is in consolidation to the up trend, further rise towards 2.0500 is expected after consolidation, and a break above 2.0319 will signal the resumption of the up trend. Near term support is at 2.0085 and followed by 2.0050.

AUDUSD
AUDUSD is in up trend, further rise towards 0.8870 (July 25 high) is still possible later today, and a break above this level will signal the resumption of the long term up trend. Near term support is at 0.8605, as long as this support holds, up trend will continue.

USDCHF
USDCHF is in consolidation to the down trend. Further fall towards 1.1550 is still possible after consolidation. Near term resistance is at 1.1800, and as long as this resistance holds, down trend will continue.

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Short Term Analysis - September 27, 2007

EURUSD
EURUSD is in up trend, further rise towards 1.4200 to reach the next cycle top on 4 hours chart is still possible later today. Near term support is at the up trend line from 1.3550 to 1.3827, as long as the trend line support holds, up trend will continue.

USDCAD
USDCAD is in consolidation to the down trend, further rise towards 1.0200 area is still possible in the next several days. Down trend will resume after consolidation, fall towards 0.9800 is expected, and a break below 0.9935 will signal the resumption of the down trend.

USDJPY
USDJPY formed a sideways consolidation in a range between 113.97 and 116.36. A break above 116.36 level will signal the resumption of the up trend and rise towards 119.00 is expected. Near term support is at 113.97, if gives way, the price will find support at 112.58 previous low.

GBPUSD
GBPUSD is in consolidation to the up trend, further rise towards 2.0500 is expected after consolidation, and a break above 2.0319 will signal the resumption of the up trend. Near term support is at 2.0085 and followed by 2.0050.

AUDUSD
AUDUSD is in up trend, further rise towards 0.8870 (July 25 high) is still possible in a couple of days, and a break above this level will signal the resumption of the long term up trend. Near term support is at 0.8605, as long as this support holds, up trend will continue.

USDCHF
USDCHF is in consolidation to the down trend. Further fall towards 1.1550 is still possible after consolidation. Near term resistance is at 1.1800, and as long as this resistance holds, down trend will continue.

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Short Term Analysis - September 26, 2007

AUDUSD is in up trend, and further rise towards 0.8870 previous high is expected. Near term support is at the up trend line from 0.7675 to 0.8275, a break below the trend line support will signal consolidation to the up trend. For long term analysis, AUDUSD topped at 0.8870 on weekly chart and bounded sharply from 0.7675. Further rise to test the long term key resistance at 0.8870 is still possible, a break above this level will signal the resumption of the long term up trend, and further rise towards 1.0000 area is expected to follow.

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Short Term Analysis - September 25, 2007

EURUSD
EURUSD is in consolidation to the up trend. Further fall towards 1.4030 to reach the next cycle bottom is still possible in the next several days. Near term support is at the up trend line from 1.3550 to 1.3827. Up trend will resume after consolidation and a break above 1.4129 will signal the resumption of the up trend.

USDCAD
USDCAD formed a short term cycle bottom at 0.9935 on 4 hours chart. However, the rise from 0.9935 is treated as consolidation to the down trend, and further fall towards 0.9800 is still in favor after consolidation.

USDJPY
USDJPY pulled back from 115.83, and further fall below 113.97 to reach the next cycle bottom on 4 hours chart is still possible later today. Near term resistance is at 115.83, a break above this level will signal the resumption of the up trend.

GBPUSD
GBPUSD failed to test the previous high resistance at 2.0365 and pulled back from 2.0319. Consolidation can be seen in the next several days and further fall towards 2.0050 area is still possible. Near term resistance is at 2.0319, a break above this level will signal the resumption of the up trend.

AUDUSD
AUDUSD is in consolidation to the up trend. Break below 0.8605 key support is expected and further fall towards 0.8550 area to reach the next cycle bottom on 4 hours chart can be seen. Near term resistance is at 0.8703, a break above this level will signal the resumption of the up trend.

USDCHF
USDCHF is in consolidation to the down trend. Further fall towards 1.1600 is still possible after consolidation. Near term resistance is at 1.1800, and as long as this resistance holds, down trend will continue.

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Short Term Analysis - September 24, 2007

USDCAD
As expected, USDCAD broke below 1.0000, and the fall from 1.0589 extended to as low as 0.9935. Further fall towards 0.9800 to reach the next cycle bottom on 4 hours chart is still possible later today. Near term resistance is at the falling price channel, as long as the channel resistance holds, down trend will continue.

USDJPY
USDJPY pulled back from 116.36 last week and broke below the up trend line support. Further fall towards 113.50 area is still possible later today. Key resistance is at 116.36, a break above this level will signal the resumption of the up trend, and rise above 117.11 (Aug 23 high) can be seen.

GBPUSD
GBPUSD broke above 2.0172 previous high, further rise above 2.0365 is expected, and a break above this level will signal the resumption of the up trend, and further rally towards 2.0600 can be seen.

AUDUSD
AUDUSD is in up trend and further rise towards 0.8750 to reach the next cycle top on 4 hours chart is still possible later today. Key support is at 0.8605, a break below this level will signal the reversal to the up trend and pullback towards 0.8500 area can be seen.

EURUSD
EURUSD is in up trend, the rise from 1.3360 (Aug 16 low) extended to as high as 1.4119, further rise towards 1.4200 is still possible later today. Near term support is at the up trend line from 1.3550 to 1.3827, and as long as the trend line support holds, up trend will continue.

USDCHF
USDCHF is in down trend, the fall from 1.1921 extended to as low as 1.1676, and further fall towards 1.1600 is expected. Near term resistance is at 1.1800, and as long as this resistance holds, down trend will continue.

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Short Term Analysis - September 20, 2007

USDJPY
No changed in our view, USDJPY is forming a sideways consolidation in a range between 111.59 (Aug 17 low) and 117.11 (Aug 23 high). Further rise towards 117.11 to reach the next cycle top on 4 hours chart is still possible later today. Near term support is at the up trend line from 112.58 to 114.78, and followed by 114.78, a break below this level will signal the reversal to the current trend.

GBPUSD
GBPUSD bottomed at 1.9879 on 4 hours chart, the fall from 2.0172 is treated as correction to the up trend, and further rise towards 2.0365 previous high is expected. Key support is at 1.9879, only break below this level will signal the resumption of the down trend.

AUDUSD
AUDUSD is in up trend. The rise from 0.7675 extended to as high as 0.8596. Further rise towards 0.8650 is still possible later today. Key support is at 0.8275, a break below this level will signal the reversal to the up trend.

EURUSD
EURUSD is in up trend, the rise from 1.3360 (Aug 16 low) extended to as high as 1.3987, further rise towards 1.4050 is still possible later today. Near term support is at the up trend line from 1.3550 to 1.3827, and key support is at 1.3827, a break below this level will signal the reversal to the up trend.

USDCAD
USDCAD is in down trend, and the fall from 1.0589 extended to as low as 1.0080. Further fall towards 1.0000 is expected. Near term resistance is at the falling price channel, as long as the channel resistance holds, down trend will continue.

USDCHF
USDCHF broke below 1.1801 previous low, further fall towards 1.1700 is expected to follow. Near term resistance is at 1.1921, only break above this level will signal the reversal to the down trend.

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Short Term Analysis - September 19, 2007

GBPUSD formed a cycle top at 2.0365 on daily chart. However, the fall from 2.0365 is treated as correction to the up trend, rise above 2.0652 is still in favor, and a break above 1.0365 previous high will confirm such case. Key support is at 1.9652, only fall below this level will signal the resumption of the down trend, and further fall towards 1.9500 can be seen. For long term analysis, GBPUSD is bottoming at 1.9652 on weekly chart, key resistance is at 2.0365, a break above this level will confirm the cycle bottom, and further rise towards 2.1000 to reach the next cycle top is expected to follow.

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Short Term Analysis - September 18, 2007

GBPUSD
GBPUSD is in down trend, the fall from 2.0365 extended to as low as 1.9879, and further fall towards 1.9652 (Aug 17 low) is still possible in the next several days. Near term resistance is at 2.0030, and as long as this resistance holds, down trend will continue.

AUDUSD
Key support at 0.8342 is broken below, AUDUSD topped at 0.8456 on 4 hours chart. Further fall below the up trend line from 0.8050 (Aug 29 low) to 0.8171 is still possible later today. Near term resistance is at 0.8456, only rise above this level will signal the resumption of the up trend.

USDJPY
No changed in our view, USDJPY is forming a sideways consolidation in a range between 111.59 (Aug 17 low) and 117.11 (Aug 23 high). Rise towards 116.00 to reach the next cycle top on 4 hours chart is expected. Near term support is at 114.37 and followed by 112.58, only break below 112.58 level will signal the resumption of the down trend.

EURUSD
EURUSD topped at 1.3927 on 4 hours chart, further fall towards the up trend line from 1.3360 (Aug 16 low) to 1.3350 (Sep 4 low) is still possible in the next several days. Near term resistance is at 1.3927, only break above this level will signal the resumption of the up trend.

USDCAD
USDCAD is in down trend, and the fall from 1.0589 extended to as low as 1.0238. Further fall towards 1.0100 area is expected. Near term resistance is at 1.0315 and followed by the falling price channel, as long as the channel resistance holds, down trend will continue.

USDCHF
USDCHF bottomed at 1.1801 on 4 hours chart. Further rise towards 1.2000 area to reach the next cycle top is expected. Key support is at 1.1801, a break below this level wills signal the resumption of the down trend.

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Short Term Analysis - September 17, 2007

AUDUSD
AUDUSD is testing the previous high resistance at 0.8438, rise above this level will signal resumption to the up trend and further rise towards 0.8550 can be seen. Key support is at 0.8342, a break below this level will signal the reversal to the up trend, and further fall towards 0.8050 is still possible.

USDJPY
No changed in our view, USDJPY is forming a sideways consolidation in a range between 111.59 (Aug 17 low) and 117.11 (Aug 23 high). Rise towards 116.00 to reach the next cycle top on 4 hours chart is expected. Near term support is at 114.37 and followed by 112.58, only break below 112.58 level will signal the resumption of the down trend.

EURUSD
EURUSD formed a short term cycle top at 1.3927 on 4 hours chart. Consolidation can be seen, and further fall towards 1.3800 area is still possible later today. Key resistance is at 1.3927, a break above this level will signal the resumption of the up trend.

USDCAD
USDCAD fall below the long term key support at 1.0339 (Jul 24 low), further fall towards 1.0100 area is expected. Near term resistance is at down trend line and followed by 1.0380, and as long as 1.0380 resistance holds, down trend will continue.

GBPUSD
GBPUSD topped at 2.0365 on 4 hours chart. Further fall towards 1.9959 previous low support is still possible later today. Near term resistance is at 2.0225, and as long as this resistance holds, down trend will continue.

USDCHF
USDCHF broke below 1.1816 (Aug 6 low) and reached as low as 1.1801. Consolidation can be seen, and further rise towards 1.2000 area is expected. Key support is at 1.1801, a break below this level wills signal the resumption of the down trend.

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Short Term Analysis - September 13, 2007

USDJPY
USDJPY is forming a sideways consolidation in a range between 111.59 (Aug 17 low) and 117.11 (Aug 23 high). Rise towards 116.00 to reach the next cycle top on 4 hours chart is expected. Near term support is at 112.58, only break below this level will signal the resumption of the down trend.

EURUSD
As expected, EURUSD broke above 1.3851 (Jul 24 high). Further rise towards 1.3950 area is still possible later today. Near term support is at 1.3778 and as long as this support holds, up trend will continue.

USDCAD
USDCAD is testing the long term key support at 1.0339 (Jul 24 low), a break below this level will signal the resumption of the long term down trend. On the other side, the next cycle bottom on 4 hours chart is nearing, a short term cycle bottom can be formed above 1.0339 level.

GBPUSD
GBPUSD is in up trend. Further rise towards 2.0400 to reach the next cycle top on 4 hours chart is still possible. Key support is at 2.0228, a break below this level will signal the reversal to the up trend.

USDCHF
USDCHF is testing the previous low support at 1.1816 (Aug 6 low), Further fall below this level this level to reach the next cycle bottom on 4 hours chart is expected. Near term resistance is at 1.1897, only break above this level will delay the resumption of the down trend.

AUDUSD
AUDUSD broke above 0.8309 previous high and reached as high as 0.8432, further rise towards 0.8450 to reach the next cycle top on 4 hours chart is still possible later today, and the next cycle top is nearing.

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