Archive for 2009

EURUSD formed a cycle top at 1.4457

EURUSD has formed a short term cycle top at 1.4457 level on 4-hour chart. Range trading between 1.4218 and 1.4457 is expected in a couple of days. As long as ... Read more

AUDUSD’s bounce extended to 0.8992 level

AUDUSD’s bounce from 0.8734 extended further to as high as 0.8992 level. Support is now located at the rising trend line on 4-hour chart. As long as the trend line ... Read more

USDJPY might be forming a short term cycle top

USDJPY might be forming a short term cycle top at 91.86 level on 4-hour chart. Pullback towards the lower border of the rising price channel would more likely be seen ... Read more

EURUSD broke above falling trend line

EURUSD broke above the falling trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.4218 level. Range trading between 1.4218 and 1.4500 is ... Read more

EURUSD dropped sharply to 1.4218 level

EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at ... Read more

EURUSD stays below a falling trend line

EURUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5140, and the fall extends further to as low as 1.4218 level. Deeper decline is ... Read more

USDCHF found support at price channel

USDCHF has found support at the lower border of the rising price channel on 4-hour chart. Sideways movement between 1.0387 and 1.0507 is expected later today. As long as 1.0387 ... Read more

EURUSD stays below a falling trend line

EURUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5140. As long as the trend line resistance holds, downtrend could be expected to continue ... Read more

USDCAD is testing key resistance of 1.0748

USDCAD is testing key resistance of 1.0748, a break above this level will indicate that a cycle bottom has been formed at 1.0405 level on daily chart, then a sharp ... Read more

USDCHF’s uptrend from 0.9959 extends to 1.0507

USDCHF’s uptrend from 0.9959 extends to as high as 1.0507. As long as the channel support holds, uptrend could be expected to continue and further rally is still possible to ... Read more

USDCHF’s uptrend extends further to as high as 1.0428

USDCHF’s uptrend extends further to as high as 1.0428. Now the pair is facing the upper border of the rising price channel on 4-hour chart, a minor consolidation is expected ... Read more

USDCHF stays above a rising trend line

USDCHF stays above the rising trend line on 4-hour chart and remains in uptrend from 0.9959. As long as the trend line support holds, one more rise to 1.0400-1.0450 is ... Read more

GBPUSD formed a trading range

After breaking below 1.6271 support, GBPUSD formed a trading range between 1.6167 and 1.6371. The price action in the trading range is more likely consolidation of downtrend from 1.6721. As ... Read more

USDJPY pulled back from 90.76 level

Being contained by resistance of the upper border of falling price channel on daily chart, USDJPY pulled back from 90.76 level. However, the fall from 90.76 is more likely consolidation ... Read more

USDCHF trades in a narrow range

Being contained by 1.0338 key resistance, USDCHF trades in a narrow range above 1.0218, as long as this level holds, one more rise to test 1.0338 resistance is still possible ... Read more

USDCHF remains in uptrend from 0.9917

USDCHF remains in uptrend from 0.9917. As long as 1.0218 support holds, we’d expected uptrend to continue and further rally to test 1.0338 key resistance is still possible later today, ... Read more

EURUSD continues its downward trend

EURUSD continues its downward trend from 1.5144 and the fall extends further to as low as 1.4668 level. Deeper decline is still possible later today and target is to test ... Read more

USDCHF broke above 1.0222 resistance

USDCHF broke above 1.0222 resistance. The subsequent pullback from 1.0244 is more likely minor consolidation of uptrend. Another rise towards 1.0338 key resistance is still possible after consolidation. Support level ... Read more

USDCHF stays in a trading range

USDCHF stays in a trading range between 0.9917 and 1.0222. Further rise to test 1.0222 resistance would more likely be seen later today, a break above this level could signal ... Read more

USDCHF broke above resistance of price channel

USDCHF broke above the resistance of the upper border of the falling price channel on daily chart. Sideways movement in a range between 0.9917 and 1.0337 is expected in a ... Read more