Short Term Analysis - Mar 20, 2008

USDCHF Analysis.
USDCHF formed a short term cycle bottom at 0.9634 on 4-hour chart. Rebound from 0.9634 is treated as correction to the longer term down trend. Further rise to 1.0200 area to reach the next cycle top is still possible in the next several days. As long as 1.0352 resistance holds, we’d expected down trend to resume. Key support is at 0.9634, a break of this level will signal the resumption of the down trend.

USDCAD Analysis.
USDCAD is testing 1.0198 (Feb 20 high) resistance, if this resistance gives way, further rally to test 1.0378 (Jan 22 high) is expected to follow. Near term support is at 1.0010, as long as this support holds, we’d expect up trend to continue.

AUDUSD Analysis.
AUDUSD is now in down trend. Further fall to 0.8900 area is still possible in a couple of days. Near term resistance is now at 0.9353, as long as this resistance holds, we’d expect down trend to continue.

USDJPY Analysis.
USDJPY formed a short term cycle bottom at 95.77 on 4-hour chart. Further rebound to 103.00 area to reach the next cycle top is still possible. Key support is at 95.77, only break of this level will signal the resumption of the down trend.

EURUSD Analysis.
EURUSD formed a short term cycle top at 1.5902 on 4-hour chart. Further pullback to 1.5340 area is expected. Key resistance is at 1.5902, a break of this level will signal the resumption of the up trend.

GBPUSD Analysis.
GBPUSD formed a short term cycle top at 2.0391 level and is now in down trend. Deeper decline to retest 1.9337 (Jan 22 low) is still possible. Near term resistance is at 2.0150, as long as this resistance holds, we’d expect down trend to continue.

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Short Term Analysis - Mar 19, 2008

USDJPY’s down trend from 108.59 extends to as low as 95.77. The rebound from 95.77 suggests that the pair is forming a cycle bottom on daily chart. Consolidation could be seen in a range between 95.77 and 103.59 in the next several days. Key support is at 95.77, only break of this level will signal the resumption of the down trend, and deeper decline to 92.00 area is expected to follow.

For long term analysis, USDJPY broke below the long term support at 101.65 (Jan 2005 low). Further fall to 90.00 area to reach the next cycle bottom on weekly chart is still in favor.

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Short Term Analysis - Mar 18, 2008

USDCAD Analysis.
USDCAD breaks above 0.9981 previous high and further rise to 1.0035 area to reach the next short term cycle top on 4-hour chart is still possible in a couple of days. Near term support is at 0.9796, a break of this level will confirm the cycle top, and indicate that the consolidation from 0.9709 has completed and deeper decline to retest 0.9709 could then be seen.

AUDUSD Analysis.
As expected, AUDUSD breaks below 0.9147 previous low and reaches as low as 0.9127 level. Deeper decline to 0.8900 area is still possible after consolidation. Near term resistance is at 0.9385, only break of this level will signal the reversal to the down trend.

USDJPY Analysis.
USDJPY is in down trend and the rebound from 95.77 is treated as consolidation to the down trend. Further fall to 92.00 area is still possible after consolidation. Near term resistance is at 101.00, as long as this resistance holds, we’d expect down trend to continue.

EURUSD Analysis.
EURUSD is forming a short term cycle top at 1.5902 level, sideways consolidation in a range between 1.5531 and 1.5902 is possible in a couple of days. As long as the key support at 1.5531 holds, we’d expect up trend to resume, and a break below the key support will indicate that the up trend from 1.4438 (Feb 7 low) has completed.

GBPUSD Analysis.
GBPUSD breaks below 1.9994 key support and has formed a short term cycle top at 2.0391 level. The up trend from 1.9361 (Feb 20 low) has completed, and decline to retest 1.9720 previous low support is expected to follow.

USDCHF Analysis.
USDCHF is forming a short term cycle bottom at 0.9634 on 4-hour chart. Consolidation could be seen before breaking below 0.9634 level. Near term resistance is at 1.0120, as long as this resistance holds, we’d expected down trend to resume.

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Daily Forex Analysis - February 27, 2009

USDCAD Analysis.
USDCAD moves sideways in a range between 1.2356 and 1.2672. Rise to test 1.2672 resistance is now in favor. A break above this level will indicate that the short term uptrend from 1.2024 (Jan 28 low) is underway, and the next target would be at 1.2800-900 area. Key support is at 1.2356, below this level will suggest that the uptrend from 1.2024 has completed and the following downtrend will take price back to 1.1900 area.

USDJPY Analysis.
USDJPY’s short term uptrend from 92.50 extends to as high as 98.70 level. Further rally is still possible to 100.00 in a couple of days. Near term support is at 97.35, as long as this level holds, we’d expect the uptrend to continue. However, below 97.35 level will indicate that the rise from 92.50 has completed and consolidation of the medium term uptrend from 87.12 could be seen to follow.

GBPUSD Analysis.
Being contained by 1.4093 previous low, GBPUSD rebounds from 1.4160 level. However, the rebound is treated as consolidation of the short term downtrend from 1.4661 and deeper decline is expected to 1.3800 zone after consolidation.

EURUSD Analysis.
EURUSD stays in the trading range between 1.2662 and 1.2991. Fall to test 1.2512 support is now in favor and a break below 1.2662 level will confirm such case. Initial resistance is at 1.2900 and key resistance is at 1.2991, only rise above 1.2991 level will suggest that the fall from 1.4719 (Dec 18, 2008 high) has completed.

AUDUSD Analysis.
AUDUSD breaks below the support of the rising wedge pattern, suggesting that a short term cycle top has been formed at 0.6553 level on 4-hour chart. Deeper decline is now in favor and target would be at 0.6100 zone.

USDCHF Analysis.
No changed in our view, USDCHF stays in a trading range between 1.1459 and 1.1883. Near term resistance is located at 1.1883, a break above this level will signal further rally to 1.2000 zone. Key support is now located at 1.1459, below this level will indicate that the rise from 1.0366 (Dec 29, 2008 low) has terminated.

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Daily Forex Analysis - February 26, 2009

USDJPY Analysis.
USDJPY’s short term uptrend from 92.50 extends to as high as 97.86 level. Near term support is now at 96.35, as long as this level holds, we’d expect uptrend to continue and next target would be at 99.00 zone. However, below 96.35 level will indicate that the rise from 92.50 has completed and consolidation of the medium term uptrend from 87.12 could be seen to follow.

GBPUSD Analysis.
GBPUSD breaks below 1.4250 key support, suggesting that a short term cycle top has been formed at 1.4661 level on 4-hour chart. Deeper decline to test 1.4093 previous low support is expected later today, a break below this level will signal further fall towards 1.3800 zone.

EURUSD Analysis.
EURUSD traded in a range between 1.2662 and 1.2991. Near term support is located at 1.2662, a break below this level will signal deeper decline to test 1.2512 previous low. Key resistance is now at 1.2991, only rise above this level will suggest that the fall from 1.4719 (Dec 18, 2008 high) has completed.

AUDUSD Analysis.
AUDUSD is in a trading range between 0.6248 and 0.6849. The rebound from 0.6331 is more likely a rising wedge on 4-hour chart. Near term support is located at the lower border of the wedge now at 0.6425, a break below this level will indicate that the rebound from 0.6331 has completed and deeper decline could be seen to 0.6100 zone.

USDCAD Analysis.
USDCAD breaks above 1.2541 key resistance, suggesting that a short term cycle bottom has been formed at 1.2356 level on 4-hour chart. Further rally is still possible to test 1.2672 previous high resistance. A break above this level will signal further rise to 1.2900 zone. Key support is now at 1.2356, below this level will indicate that the uptrend from 1.2024 (Jan 28 low) has completed and the following downtrend will take price back to 1.1900 area.

USDCHF Analysis.
USDCHF stays in a trading range between 1.1459 and 1.1883. Near term resistance is located at 1.1883, a break above this level will signal further rally to 1.2000 zone. Key support is now located at 1.1459, below this level will indicate that the rise from 1.0366 (Dec 29, 2008 low) has terminated.

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Daily Forex Analysis - February 25, 2009

GBPUSD Analysis.
GBPUSD might be forming a short term cycle top at 1.4661 level on 4-hour chart. Key support is at 1.4250, a break below this level is needed to confirm the cycle top. If 1.4250 level gives way, deeper decline could be seen to 1.3800 zone. However, above 1.4661 level will indicate that the short term uptrend from 1.4093 is underway and further rally is expected to retest 1.4985 previous high resistance.

EURUSD Analysis.
EURUSD formed a short term cycle top at 1.2991 level on 4-hour chart. Pullback to test 1.2512 previous low is expected in a couple of days, and a break below 1.2662 level will confirm the resumption of the medium term downtrend from 1.4719 (Dec 18, 2008 high).

AUDUSD Analysis.
AUDUSD is testing the previous high resistance at 0.6546, a break above this level will indicate that the fall from 0.6849 has completed and further rally could then be seen to 0.6700 zone. Key support is located at 0.6331, below this level will signal deeper decline to 0.6100-50 area.

USDCAD Analysis.
USDCAD is in range trading between 1.2279 and 1.2672. Key support is located at 1.2279, below this level will indicate that the rise from 1.2024 has completed, and then deeper decline is expected to 1.1900 zone. Key resistance is now located at 1.2541, a break above this level will signify that a short term cycle bottom has been formed and further rally could be seen to retest 1.2672 previous high resistance.

USDJPY Analysis.
USDJPY moves sharply to as high as 96.92 level. Further rise to 98.00 is still possible later today. Near term support is located at 95.40, as long as this level holds, the short term uptrend from 92.50 will continue.

USDCHF Analysis.
No changed in our short term outlook, USDCHF rebounds from the lower border of the price channel on 4-hour chart. Consolidation in a range between 1.1459 and 1.1883 is expected in a couple of days. Near term resistance is located at 1.1883, a break above this level will signal further rally to 1.2000 zone. Key support is now located at 1.1459, below this level will indicate that the rise from 1.0366 (Dec 29, 2008 low) has terminated.

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Daily Forex Analysis - February 24, 2009

AUDUSD Analysis.
AUDUSD breaks above 0.6529 resistance and reaches 0.6546 only. The pair might be forming a short term cycle top at 0.6546 level on 4-hour chart. Key support is located at 0.6331, a break below this level will confirm the cycle top and signal deeper decline to 0.6100 zone. Near term resistance is now located at 0.6546, only rise above this level will indicate that the fall from 0.6849 has completed and then further rebound is expected to retest 0.6849 previous high resistance.

USDCAD Analysis.
USDCAD formed a short term cycle top at 1.2672 level on 4-hour chart. Sideways consolidation in a range between 1.2279 and 1.2672 is expected in a couple of days. Key support is located at 1.2279, below this level will indicate that the rise from 1.2024 has completed, and then deeper decline is expected to 1.1900 zone. Near term resistance is at 1.2672, a break above this level will signify that the short term uptrend from 1.2024 is underway, and further rally could be seen to 1.2900 zone.

GBPUSD Analysis.
GBPUSD breaks above 1.4606 resistance and reaches 1.4661 only. The pullback from 1.4661 implies that a short term cycle top is being formed. Key support is now 1.4250, a break below this level will confirm the cycle top and signal deeper decline to 1.3800 zone. However, above 1.4661 level will indicate that the short term uptrend from 1.4093 is underway and further rally could be seen to retest 1.4985 previous high resistance.

EURUSD Analysis.
EURUSD pulls back sharply from 1.2991, suggesting that a short term cycle top has been formed on 4-hour chart. Further fall to test 1.2512 previous low is possible in a couple of days, a break below this level will signal deeper decline to 1.2400 zone.

USDJPY Analysis.
USDJPY breaks above 94.61 medium term key resistance, suggesting that the fall from 110.66 (Aug 15, 2008 high) has completed. Further rise is still possible to 98.00 zone after consolidation. Near term support is located at 92.50, as long as this level holds, the uptrend from 87.12 (Jan 21 low) will continue.

USDCHF Analysis.
USDCHF rebounds from the lower border of the price channel on 4-hour chart. Consolidation in a range between 1.1459 and 1.1883 is expected in a couple of days. Near term resistance is located at 1.1883, a break above this level will signal further rally to 1.2000 zone. Key support is now located at 1.1459, below this level will indicate that the rise from 1.0366 (Dec 29, 2008 low) has terminated.

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Daily Forex Analysis - February 23, 2009

USDCAD Analysis.
USDCAD breaks below 1.2466 support, suggesting that a short term cycle top has been formed at 1.2672 on 4-hour chart. Moving sideways would more likely be seen in a couple of days. Near term resistance is locate at 1.2672, above this level will indicate that the short term uptrend from 1.2024 is underway, and further rally could be seen to 1.2900 zone. Near term support is at 1.2420 followed by 1.2279, below 1.2279 level will suggest that the rise from 1.2024 has completed, and then deeper decline is expected to 1.1900 zone.

GBPUSD Analysis.
GBPUSD stays in the trading range between 1.4051 and 1.4606. Further rise to test 1.4606 resistance is possible later today. As long as this level holds, we’d expect downtrend to resume, and deeper decline could be seen to 1.3800 zone. However, above 1.4606 will indicate that the fall from 1.4985 has completed, and further rally could be seen to retest 1.4985 resistance.

AUDUSD Analysis.
AUDUSD is in the trading range between 0.6331 and 0.6529. as long as 0.6529 resistance holds, we’d expect downtrend to resume, and further fall could be seen to retest 0.6248 previous low support. However, above 0.6529 will indicate that the fall from 0.6849 has completed and further rebound is expected to retest 0.6849 previous high resistance.

EURUSD Analysis.
EURUSD breaks above 1.2760 key resistance, suggesting that a short term cycle bottom has been formed at 1.2512 level on 4-hour chart. Further rise is expected to test 1.3093, a break of this level will indicate that the medium downtrend from 1.4719 (Dec 18, 2008 high) has completed. Near term support is located at 1.2680, below this level will take price to range trading between 1.2512 and 1.2900.

USDJPY Analysis.
Being contained by the previous high resistance at 94.61, USDJPY pulls back from 94.46, suggesting that a short term cycle top has been formed on 4-hour chart. Sideways consolidation could be seen in a couple of days. However, further rise is still in favor, a break above 94.61 resistance will indicate that the fall form 110.66 (Aug 15, 2008 high) has completed.

USDCHF Analysis.
USDCHF dropped sharply from 1.1883 and broke below the support of the price channel last Friday, suggesting that the short term uptrend from 1.1313 has completed. Deeper decline is expected to test 1.1313 medium term key support, a break down below this level will indicate that the uptrend from 1.0366 (Dec 29, 2008 low) has terminated.

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Daily Forex Analysis - February 20, 2009

GBPUSD Analysis.
Being supported by 1.4051, GBPUSD rebounds from 1.4093 level, suggesting that the range trading between 1.4051 and 1.4606 is underway. However, the price action from 1.4134 is more likely consolidation of the short term downtrend from 1.4985. As long as 1.4606 resistance holds, deeper decline is still possible to 1.3750 zone, and a break down below 1.4051 key support will confirm the resumption of the short term downtrend.

AUDUSD Analysis.
Being contained by the key resistance at 0.6529, AUDUSD pulls back from 0.6521 level. The pair might be forming a short term cycle top at this level, key support is located at 0.6331, a break below this level will confirm the cycle top and then deeper decline could be seen to retest 0.6248 previous low support. However, above 0.6529 key resistance will indicate that the fall from 0.6849 has completed and further rally is expected to 0.6700-50 area.

EURUSD Analysis.
EURUSD remains in short term downtrend from 1.3093. The rise from 1.2512 is treated as consolidation of the downtrend. Deeper decline is still possible to 1.2400 zone after consolidation. Near term resistance is now at 1.2760, only rise above this level will indicate that a short term cycle bottom has been formed at 1.2512 level, and then further rebound could be seen to 1.2850-900 area.

USDCAD Analysis.
USDCAD is in short term uptrend from 1.2130. The pullback from 1.2672 is more likely consolidation of the uptrend. Near term support is now at 1.2466, as long as this level holds, we’d expect one more rise to test 1.2765 previous high resistance. Only fall below 1.2466 will indicate that the rise from 1.2130 has completed, and deeper decline could be seen to 1.2300 zone.

USDJPY Analysis.
USDJPY is testing the key resistance at 94.61, a break above this level will indicate that the downtrend from from 110.66 (Aug 15, 2008 high) has terminated, and the following medium term uptrend will bring price to 100.00 area. Initial support is now at 93.29, only fall below this level will signal consolidation of the uptrend from 87.12.

USDCHF Analysis.
No changed in our view, USDCHF stays in the rising price channel on 4-hour chart. Further rally is expected to 1.2000 zone in next several days. Initial support is now at 1.1650, only fall below this level will signal deeper decline to test the support of the lower border of the price channel.

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Daily Forex Analysis - February 19, 2009

AUDUSD Analysis.
AUDUSD is in short term downtrend. The rebound from 0.6331 is treated as consolidation of the downtrend from 0.6641. Deeper decline is still possible to test 0.6248 previous low support, and a break below 0.6331 level will confirm the resumption of the short term downtrend. Near term resistance is located at 0.6430 and key resistance is at 0.6529, above the key resistance will indicate that the fall from 0.6849 has completed and further rise could be seen to retest 0.6849 previous high.

GBPUSD Analysis.
GBPUSD consolidates above 1.4051 key support, below this level will signal deeper decline to 1.3800 zone. Consolidation in a range between 1.4051 and 1.4606 would more likely be seen in a couple of days. Initial resistance is at 1.4318 and key resistance is located at 1.4606, above the key resistance will indicate that the fall from 1.4985 has completed, and further rally could be seen to 1.5500 area.

EURUSD Analysis.
EURUSD is in short term downtrend from 1.2942. Deeper decline is still possible later today and next target would be at 1.2400 zone. Near term resistance is now at 1.2640, only rise above this level will indicate that the short term downtrend from 1.2942 has completed.

USDCAD Analysis.
USDCAD is in range trading between 1.2024 and 1.2765. Further rise is still in favor later today, and target is to test 1.2765 previous high resistance, a break above this level will signal further rally to 1.2900 zone. Initial support is now at 1.2529, below this level will signal deeper decline to 1.2450 zone.

USDJPY Analysis.
USDJPY is in short term uptrend and the rise from 89.70 extend to 93.95 level. Further rise could be seen to test 94.61 previous high resistance, a break above this level will indicate that the long term downtrend from 110.66 (Aug 15, 2008 high) has completed.

USDCHF Analysis.
USDCHF breaks above 1.1779 previous high resistance. Further rally is expected to 1.2000 zone in next several days. Initial support is now at 1.1650, only fall below this level will signal deeper decline to test the support of the lower border of the price channel.

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Daily Forex Analysis - February 18, 2009

AUDUSD Analysis.
AUDUSD breaks below 0.6428 previous low support and reaches as low as 0.6331. Further fall is still possible to test 0.6248 in a couple of days, below this level will signal deeper decline towards 0.6100 zone. Initial resistance is now at 0.6430, only rise above this level will indicate that the short term downtrend from 0.6641 has completed.

GBPUSD Analysis.
GBPUSD is in short term downtrend. The price action from 1.4134 is treated as consolidation of the downtrend. Deeper decline is still in favor, next target would be at 1.3800 zone, and a break below 1.4051 level will confirm the resumption of the downtrend.

EURUSD Analysis.
EURUSD breaks below 1.2706 previous low support and reaches as low as 1.2558 level. Further fall is still possible to test 1.2329 (Oct 28, 2008 low) support. Initial resistance is now at 1.2570, only rise above this level will indicate that the short term downtrend from 1.2942 has completed.

USDCAD Analysis.
USDCAD is in range trading between 1.2024 and 1.2765. Further rise is expected to test 1.2765 previous high resistance later today, a break above this level will signal further rally to 1.2900 zone. Initial support is now at 1.2540, only fall below this level will indicate that the rise from 1.2279 has completed.

USDJPY Analysis.
USDJPY break above 92.40 previous high resistance and reaches as high as 92.74 level. Further rise could be seen to 93.50 zone in a couple of days. Near term support is located at 91.42, as long as this level holds, we’d expect the short term uptrend from 89.70 to continue.

USDCHF Analysis.
No changed in our view, USDCHF stays in a price channel on 4-hour chart. As long as the channel support holds, we’d expect short term uptrend from 1.1313 to continue. Key support is now located at 1.1559, below this level will indicate that the rise from 1.1313 has completed.

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Daily Forex Analysis - February 17, 2009

GBPUSD Analysis.
GBPUSD trades in a range between 1.4134 and 1.4606. The fall from 1.4606 could possibly be resumption of the downtrend from 1.4985. Further fall is expected to test 1.3503 previous low support, and a break below 1.4051 would confirm the resumption of the downtrend. Near term resistance is located at 1.4606, above this level will indicate lengthier consolidation of the downtrend is under ways.

AUDUSD Analysis.
AUDUSD trades in a range between 0.6428 and 0.6641. Below 0.6428 will signal further fall to 0.6300 zone. Key resistance is located at 0.6641, a break above this level will indicate that a short term cycle bottom has been formed at 0.6428 level on 4-hour chart, and rebound towards 0.7000 could be seen to follow.

EURUSD Analysis.
EURUSD breaks below 1.2706 previous low support, suggesting that the medium term downtrend from 1.4719 (Dec 18, 2008 high) has resumed. Deeper decline is expected to 1.2500 zone in a couple of days. Initial resistance is now at 1.2942, only rise above this level will indicate that the short term downtrend from 1.3093 has completed.

USDCAD Analysis.
No changed in our view, USDCAD is trading in a range between 1.2024 and 1.2765. Further rise is still possible to 1.2650 zone in a couple of days. Near term support is at 1.2279, only fall below this level will signal deeper decline to 1.2000 zone.

USDJPY Analysis.
Being contained by the previous high resistance at 92.40. USDJPY formed a sideways consolidation in a narrow range between 91.42 and 92.15. Further rise is still in favor after consolidation, and the next short term target would be at 93.50 zone.

USDCHF Analysis.
USDCHF stays in a price channel on 4-hour chart. As long as the channel support holds, we’d expect short term uptrend from 1.1313 to continue. Key support is now located at 1.1501, below this level will indicate that the rise from 1.1313 has completed.

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Daily Forex Analysis - February 16, 2009

AUDUSD Analysis.
AUDUSD might be forming a short term cycle bottom at 0.6428 on 4-hour chart. Key resistance is at 0.6641, a break above this level will confirm the cycle bottom, and further rally could be seen to 0.7000 zone. Near term support is at 0.6428, below this level will signal deeper decline to 0.6300 level.

EURUSD Analysis.
EURUSD is forming a sideways consolidation in a range between 1.2706 and 1.3093. Moving without trend in this range would more likely be seen, and rebound to 1.3050 is possible in a couple of days. However, the price action from 1.2764 (Jan 23 low) is more likely consolidation of the medium term downtrend from 1.4719 (Dec 18, 2008 high). Further fall is expected after the sideways consolidation, and a break below 1.2706 will signal deeper decline towards 1.2500 area.

GBPUSD Analysis.
GBPUSD is now in short term downtrend, the rebound from 1.4134 is more likely consolidation of the downtrend. Further fall is expected to test 1.3503 previous low support, and a break below 1.4051 would confirm the resumption of the downtrend.

USDCAD Analysis.
USDCAD is trading in a range between 1.2024 and 1.2765. Further rise is still possible to 1.2650 zone in a couple of days. Near term support is now at 1.2279, only fall below this level will signal deeper decline to 1.2000 zone.

USDJPY Analysis.
USDJPY stays above this up trend line from 87.12 to 88.58, and the rise from 89.70 could possibly be resumption of the uptrend from 87.12. As long as the trend line support holds, we’d expect uptrend to continue and further rise towards 93.50 is possible in a couple of days.

USDCHF Analysis.
No changed in our view, USDCHF is running in a price channel on 4-hour chart. As long as the channel support holds, we’d expect short term uptrend from 1.1313 to continue. Medium term key support is now located at 1.1501, below this level will indicate that the rise from 1.1313 has completed.

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Short Term Analysis - Jan 31, 2008

AUDUSD Analysis
AUDUSD fail to test the previous high resistance at 0.9018, and pulled back from 0.9014 level. Sideways consolidation in a range between 0.8819 and 0.9014 may be expected in the next several days. Key resistance is at 0.9014, a break above this level will signal the resumption of the up trend.

EURUSD Analysis
EURUSD is testing the previous high resistance at 1.4921, pullback from this level is possible later today, and fall towards 1.4400 area is expected to follow. Key support is at 1.4737 level, a break below this level will signal the reversal of the up trend.

USDJPY Analysis
USDJPY formed a short term cycle bottom at 104.96 level on 4-hour chart. Further rebound towards 109.00 area is still possible. Key support is at 104.96, only break below this level will signal the resumption of the down trend.

USDCAD Analysis
USDCAD is in down trend. Further decline to test the previous low support at 0.9756 level to reach the next short term cycle bottom is expected in a couple of days. Key resistance is now at 1.0118, a beak above this level will confirm the cycle bottom.

USDCHF Analysis
USDCHF broke below 1.0836 previous low and reached as low as 1.0811 level. Rebound towards 1.1050 area to reach the next short term cycle top on 4-hour chart is still possible in a couple of days.

GBPUSD Analysis
No changed in our view, GBPUSD is in up trend, and the rise from 1.9337 extended to as high as 1.9957. Further rise towards 2.0000 area to reach the next cycle top is still possible. Near term support is at 1.9731, only breakdown below this level will signal consolidation to the up trend.

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Short Term Analysis - Jan 30, 2008

EURUSD is forming a symmetrical triangle pattern in a range between 1.4309 and 1.4966. Near term resistance is at the down trend line from 1.4966 to 1.4921, pullback towards 1.4400 area to reach the next cycle bottom on daily chart is possible before breading above the trend line resistance. Near term support is at the up trend line from 1.4309 to 1.4365, and key support is at 1.4309, only break below this level will signal the reversal to the up trend.

For long term analysis, the pair is in sideways consolidation of the long term up trend. As long as 1.4309 long term key support holds, rise above 1.4966 previous high to reach the next long term cycle top on weekly chart is in favor.

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Short Term Analysis - Jan 29, 2008

EURUSD Analysis
EURUSD is moving towards 1.4900 area to reach the next short term cycle top on 4-hour chart, and the cycle top is nearing. Pullback from 1.4921 previous high resistance can be seen, a break below 1.4660 key support will confirm the cycle top, and fall towards 1.4400 area is expected to follow.

USDJPY Analysis
USDJPY formed a short term cycle bottom at 104.96 level on 4-hour chart. Further rebound towards 109.00 area is still possible. Key support is at 104.96, only break below this level will signal the resumption of the down trend.

USDCAD Analysis
USDCAD is in down trend. Further decline towards 0.9885 area to reach the next short term cycle bottom is expected in a couple of days. Key resistance is at 1.0378, only break of this level will signal the resumption of the up trend.

USDCHF Analysis
Being supported by the previous low at 1.0836, USDCHF rebounded from 1.0845 level. Further rise towards 1.1200 area to reach the next short term cycle top on 4-hour chart is still possible, and a break above 1.0987 previous high is needed to confirm such case.

GBPUSD Analysis
GBPUSD is in up trend. Further rise towards 2.0000 area to reach the next cycle top is still possible. Near term support is at 1.9731, only breakdown below this level will signal consolidation to the up trend.

AUDUSD Analysis
AUDUSD formed a short term cycle bottom at 0.8512 level on 4-hour chart. Further rebound towards 0.9000 area to reach the next short term cycle top is expected in a couple of days. Near term support is at 0.8512, only break below this level will signal the resumption of the down trend.

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Short Term Analysis - Jan 25, 2008

EURUSD Analysis
EURUSD is moving towards 1.4900 area to reach the next short term cycle top on 4-hour chart. Pullback from 1.4921 previous high resistance can be seen, and fall towards 1.4400 area is expected to follow.

USDJPY Analysis
USDJPY might be forming a short term cycle bottom at 104.96 on 4-hour chart. Further rebound towards 107.91 is still possible later today, and a break above this level will confirm the cycle bottom. Near term support is at 104.96, only fall below this level will signal the resumption of the down trend.

USDCAD Analysis
USDCAD dropped sharply to as low as 1.0015. Further decline towards 0.9885 area to reach the next short term cycle bottom is expected in a couple of days. Key resistance is at 1.0378, only break of this level will signal the resumption of the up trend.

USDCHF Analysis
USDCHF is testing the previous low support at 1.0836, break below this level may be seen later today, and further fall towards 1.0700 area is expected to follow. Near term resistance is at 1.0990, and key resistance is at 1.1120, only break of this level will signal the reversal to the down trend.

GBPUSD Analysis
GBPUSD formed a shot term cycle bottom at 1.9337 on 4-hour chart. Further rebound towards 2.0000 area to reach the next cycle top is still possible. Near term support is at 1.9465, and key support is at 1.9337, only break below 1.9337 level will signal the resumption of the down trend.

AUDUSD Analysis
AUDUSD formed a short term cycle bottom at 0.8512 level on 4-hour chart. Further rebound towards 0.9000 area to reach the next short term cycle top is expected in a couple of days. Near term support is at 0.8512, only break below this level will signal the resumption of the down trend.

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Short Term Analysis - Jan 24, 2008

USDJPY Analysis
USDJPY is in down trend. As long as 107.91 resistance holds, we’d expect down trend to continue, and further fall towards 104.00 area is still possible after consolidation. On the other side, the pair may be forming a short term cycle bottom at 104.96, key resistance is at 107.91, a break of this level will confirm the cycle bottom and signal the reversal to the down trend.

USDCAD Analysis
USDCAD broke below the price channel support, and is now in consolidation to the up trend. Further pullback towards 1.0150 area to reach the next short term cycle bottom is expected to follow.

USDCHF Analysis
USDCHF formed a short term cycle top at 1.1120 level and pulled back to as low as 1.0869. Further fall below 1.0836 previous low can be seen later today. Near term resistance is at 1.0990, and key resistance is at 1.1120, only break of this level will signal the reversal to the down trend.

GBPUSD Analysis
GBPUSD is in down trend. Further fall towards 1.9200 area to reach the next short term cycle bottom is expected. Near term resistance is at 1.9789, as long as this resistance holds, down trend will continue.

EURUSD Analysis
EURUSD formed a short term cycle bottom at 1.4365 level, and further rebound towards 1.4800 area to reach the next cycle top on 4-hour chart is still possible. Only break below 1.4365 will signal the resumption of the down trend.

AUDUSD Analysis
AUDUSD formed a short term cycle bottom at 0.8512 level on 4-hour chart. Further rebound towards 0.8850 area to reach the next short term cycle top is expected in a couple of days. Near term support is at 0.8512, only break below this level will signal the resumption of the down trend.

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Short Term Analysis - Jan 23, 2008

EURUSD formed a sideways consolidation in a range between1.4309 and 1.4966 to the up trend. It will move without trend in this range until the next cycle bottom on daily chart appears. Symmetrical triangle pattern will more likely be seen in the next several days, and the previous low support at 1.4309 may be held. Up trend will resume after consolidation, and 1.4966 will be broken above to complete the long term up trend.

For long term analysis, the pair is in consolidation of the long term up trend. As long as 1.4309 long term key support holds, rise above 1.4966 previous high to reach the next long term cycle top on weekly chart is in favor.

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Short Term Analysis - Jan 22, 2008

USDJPY Analysis
USDJPY broke below 105.90 previous low and reaches as low as 105.60. Further fall towards 105.00 area is expected to follow. As long as 107.91 resistance holds, we’d expect down trend to continue.

USDCAD Analysis
No changed in our view, USDCAD is in up trend. The rise from 0.9756 extends to as high as 1.0358. Further rise towards 1.0500 area is still possible in a couple of days. Near term support is at the edge of the rising price channel, and as long as the channel support holds, up trend will continue.

USDCHF Analysis
USDCHF broke above 1.1086 previous high and reached as high as 1.1109 level. The pair is now in up trend, and further rise towards 1.1200 area is still possible. Near term support is at 1.1000, as long as this support holds, up trend will continue.

GBPUSD Analysis
GBPUSD broke below 1.9481 previous low and reaches as low as 1.9400. Sharply fall towards 1.9200 area is expected to follow. Near term resistance is at 1.9789, as long as this resistance holds, down trend will continue.

EURUSD Analysis
EURUSD is in down trend, and drops to as low as 1.4411 level sharply. Further fall to test 1.4309 previous low support is still possible in a couple of days. Near term resistance is at the down trend line from 1.4921 to 1.4694, as long as the down trend line resistance holds, down trend will continue.

AUDUSD Analysis
AUDUSD broke below 0.8682 previous low, and reaches as low as 0.8567. Further fall below 0.8551 (Dec 18,2007 low) can be seen after consolidation, and a break below this level will signal the resumption of the long term down trend.

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Short Term Analysis - Jan 21, 2008

USDCAD Analysis
USDCAD is in up trend. The rise from 0.9756 extended to as high as 1.0307. Further rise towards 1.0500 area is still possible, and a break above 1.0307 level will confirm such case. Near term support is at the edge of the rising price channel, and as long as the channel support holds, up trend will continue.

USDCHF Analysis
USDCHF formed a short term cycle bottom at 1.0836 on 4-hour chart. Further rise towards 1.1200 area is still possible. Keys support is at 1.0950, a break below this level will signal the resumption of the down trend.

GBPUSD Analysis
GBPUSD formed a short term cycle top at 1.9789 on 4-hour chart. Further fall towards 1.9200 area is expected, and a break below 1.9481 previous low will signal the resumption of the down trend.

EURUSD Analysis
EURUSD is in down trend. The fall from 1.4921 extends to 1.4544 so far. Further pullback towards 1.4450 area to reach the next cycle bottom is still possible. Key resistance is at 1.4921, only break of this level will signal the resumption of the up trend.

USDJPY Analysis
USDJPY formed a short term cycle bottom at 105.90 on 4-hour chart. Further rebound towards 109.50 area to reach the next cycle top is still possible in a couple of days. Near term support is at 105.90, only breakdown of the level will signal the resumption of the down trend.

AUDUSD Analysis
Being supported by the previous low at 0.8682, AUDUSD rebounded from 0.8699 level. Further rise towards 0.8900 area is still possible in a couple of days. Key support is at 0.8682, a break below this level will signal the resumption of the long term down trend.

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Short Term Analysis - Jan 18, 2008

USDCHF Analysis
USDCHF formed a short term cycle bottom at 1.0836 on 4-hour chart. Further rise towards 1.1200 area is still possible in a couple of days. However, the rebound from 1.0836 is treated as correction to the down trend. Further fall towards 1.0600 area is expected after correction, and a break below 1.0836 level will signal the resumption of the down trend.

GBPUSD Analysis
GBPUSD is in consolidation to the down trend. Further fall towards 1.9200 area is expected after consolidation. Near term resistance is now at 1.9849, as long as this resistance holds, down trend will continue.

EURUSD Analysis
EURUSD formed a short term cycle top at 1.4921 level. Further pullback towards 1.4450 area to reach the next cycle bottom is still possible. Near term resistance is at 1.4921, only break of this level will signal the resumption of the up trend.

USDJPY Analysis
USDJPY might be forming a short term cycle bottom at 105.90 level on 4-hour chart, key resistance is at 107.91, a break above this level will confirm the cycle bottom, and further rise towards 109.50 area is expected to follow.

USDCAD Analysis
USDCAD broke above 1.0248 (Dec 14, 2007 high) and reached as high as 1.0307 level. As long as the rising price channel support holds, we’d expect up trend to continue, and further rally towards 1.0400 area can be seen.

AUDUSD Analysis
AUDUSD is in down trend. Further fall to test the previous low support at 0.8682 level is still possible, a break below this level will signal the resumption of the down trend, and decline towards 0.8551 (Dec 18,2007 low) can be seen.

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Short Term Analysis - Jan 17, 2008

GBPUSD Analysis
GBPUSD is forming a sideways consolidation in a range between 1.9481 and 1.9740. Further fall towards 1.9200 area is expected after consolidation. Near term resistance is now at 1.9740 and followed by 1.9849.

USDCHF Analysis
USDCHF formed a short term cycle bottom at 1.0836 on 4-hour chart. Further rise towards 1.1200 area is still possible in a couple of days. Near term support is at 1.0836, only break below this level will signal the resumption of the down trend.

EURUSD Analysis
EURUSD broke below 1.4638 key support and formed a short term cycle top at 1.4921 level on 4-hour chart. Further pullback towards 1.4450 area to reach the next cycle bottom is still possible. Near term resistance is at 1.4921, only break of this level will signal the resumption of the up trend.

USDJPY Analysis
USDJPY might be forming a short term cycle bottom at 105.90 level on 4-hour chart. Further rise towards 109.50 area is still possible in a couple of days. Near terms support is at 105.90, only breakdown below this level will signal the resumption of the down trend.

USDCAD Analysis
As expected, USDCAD broke above 1.0248 (Dec 14, 2007 high) and reached as high as 1.0282 level. As long as the rising price channel support holds, we’d expect up trend to continue, and rise towards 1.0400 area can be seen.

AUDUSD Analysis
AUDUSD pulled back sharply from 0.9018. Further fall to test the previous low support at 0.8682 level is still possible, a break below this level will signal the resumption of the down trend, and decline towards 0.8551 (Dec 18,2007 low) can be seen.

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