Browsing all articles tagged with Analysis

Daily Forex Analysis – July 12, 2011

Posted by: Piper Joshua / On: July 8, 2011 / No Comments »

USDCHF Analysis. USDCHF stayed in a trading range between 0.8275 and 0.8550 for several weeks. The price action in the range is treated as consolidation of longer term downtrend from 0.9774 . Further fall to test 0.9275 would likely be seen after a minor consolidation, a breakdown below this level will signal resumption of the downtrend.

EURUSD Analysis. EURUSD’s downward movement extended further to as low as 1.3986, Deeper decline to re-test 1.3969 support is still possible after a minor consolidation, a breakdown below this level will indicate that the longer term downtrend from 1.4939 has resumed. R

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Tags: Analysis, Analysis July

Daily Forex Analysis – July 7, 2011

Posted by: Piper Joshua / On: July 4, 2011 / No Comments »

USDJPY Analysis. USDJPY remains in uptrend from 79.69, the price action from 81.26 is treated as consolidation of uptrend. Support is at the uptrend line on 4-hour chart, as long as the trend line support holds, we’d expect uptrend to resume, and one more rise to 81.60-81.80 area is still possible. However, a clear break below the trend line will indicate that the rise from 79.69 had completed at 81.26 already, then the following downward move could bring price to 78.00 zone.

EURUSD Analysis. EURUSD’s downward move from 1.4577 extended to as low as 1.4286. Further fall  would likely be seen after a minor consolidation, and the target would be at 1.4200 area. Resi

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Tags: Analysis, Analysis July

Daily Forex Analysis – July 1, 2011

Posted by: Piper Joshua / On: June 29, 2011 / No Comments »

GBPUSD Analysis. After touching the downtrend line from 1.6441 to 1.6261, GBPUSD dropped from 1.6118. Now the fall from 1.6118 would possibly be resumption of downtrend from 1.6546. Deeper decline to test 1.5912 previous low support is expected later today, a breakdown below this level will signal resumption of downtrend, then next target would be at 1.5700. Resistance is at 1.6118, only break above this level could indicate that lengthier consolidation of downtrend is underway.

AUDUSD Analysis. AUDUSD’s rise from 1.0390 extended to as high as 1.0750. The pair is now facing 1.0773 resistance. M

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Tags: Analysis, Analysis July

Daily Forex Analysis – June 27, 2011

Posted by: Piper Joshua / On: June 25, 2011 / No Comments »

USDCHF Analysis. USDCHF broke below 0.8326 previous low and reached as low as 0.8315. Resistance is at downtrend line on 4-hour chart, as long as the trend line resistance holds, downtrend from 0.8550 could be expected to continue, and next target would be at 0.8200 zone. However, a clear break above the trend line resistance will indicate that lengthier consolidation of the long term downtrend from 1.1730 is underway, then further rally could be seen to 0.8650.

USDCAD Analysis. USDCAD’s rise from 0.9701 extended to as high as 0.9911. Initial support is now at 0.9860 followed by 0.9835, as long as these levels hold, uptrend from 0.9701 could be expected to continue, and next target would be at 0.9950-1.0000 area. O

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Tags: Analysis, Analysis June

Daily Forex Analysis – June 21, 2011

Posted by: Piper Joshua / On: June 22, 2011 / No Comments »

GBPUSD Analysis. Being contained by 1.6059 support, GBPUSD rebounded from 1.6078, and formed a cycle bottom on 4-hour chart. Range trading between 1.6078 and 1.6250  is expected in a couple of days. Key resistance is at downtrend line from 1.6546 to 1.6441, as long as the trend line resistance holds, one more fall to re-test 1.6059 support is still possible. However, a clear break above the trend line will indicate that the fall from 1.6546 had completed at 1.6078 already, then another rise towards 1.6745 previous high could be seen.

EURUSD Analysis. EURUSD broke above the downtrend line on 4-hour chart, suggesting that a cycle bottom had been formed at 1.4073, and the fall from 1.4696 had completed.

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Tags: Analysis, Analysis June

Daily Forex Analysis – January 27, 2011

Posted by: Piper Joshua / On: January 29, 2011 / No Comments »

USDCAD Analysis. USDCAD continues its sideways movement in a range between 0.9836 and 1.0033. As long as 1.0033 key resistance holds, the price action in the range is treated as consolidation of downtrend, and another fall towards 0.9600 is still possible. However, a break above 1.0033 will indicate that lengthier consolidation of downtrend is underway, then further rally could be seen to 1.0100-1.0200 area.

AUDUSD Analysis. AUDUSD continued its sideways movement and traded in a range between 0.9803 and 1.0076. Lengthier consolidation in the range is still possible in a couple of days. Key support is at 0.9803, a breakdown below this level could trigger another fall to 0.9600 area.

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Tags: Analysis, Analysis January