Archive for January, 2010

USDJPY stays in a falling price channel

USDJPY stays in a falling price channel on daily chart and remains in downtrend from 93.75. One more fall towards 88.50 area to reach next cycle bottom is possible next ... Read more

USDCAD breaks below price channel

USDCAD breaks below the lower border of the rising price channel on 4-hour chart, suggesting that a short term cycle top is being formed at 1.0691. Range trading between 1.0550 ... Read more

EURUSD drops from 1.4194 level

Being contained by the falling trend line on 4-hour chart, EURUSD drops from 1.4194 level. However, sideways movement could still be seen later today and one more bounce towards1.4250 resistance ... Read more

GBPUSD’s bounce reaches 1.6456 only

GBPUSD's bounce from 1.5829 reaches 1.6456 level only. The subsequent pullback suggests that a cycle top is being formed on daily chart. Deeper decline to test 1.5829 key support is ... Read more

USDCAD breaks above falling trend line

USDCAD breaks above the falling trend line from 1.0745 to 1.0413, suggesting lengthier consolidation of downtrend is underway. Bounce to test 1.0413 resistance is now in favor. As long as ... Read more

USDCHF pulls back from 1.0291

Being contained by resistance of the upper border of the falling price channel on 4-hour chart, USDCHF pulls back from 1.0291, suggesting that a short term cycle top is being ... Read more

USDCAD dropped again from 1.0413

Being contained by the falling trend line from 1.0745 to 1.0576, USDCAD dropped again from 1.0413, suggesting that a short term cycle top has been formed on 4-hour chart. Now ... Read more

AUDUSD broke below the rising trend line

AUDUSD broke below the rising trend line on 4-hour chart, suggesting that a short term cycle top is being formed on 4-hour chart. Range trading between 0.9123 and 0.9325 is ... Read more

USDCHF formed a a cycle top

USDCHF formed a a cycle top at 1.0507 level on daily chart and the subsequent pullback is treated as consolidation of uptrend from 0.9917. Rang trading between 1.0100 and 1.0507 ... Read more

USDJPY rebounded from 91.25

Being supported by the rising trend line from 87.37 to 88.97, USDJPY rebounded from 91.25, suggesting that a short term cycle bottom has been formed on 4-hour chart. Range trading ... Read more

USDJPY remains in uptrend from 87.37

USDJPY remains in uptrend from 87.37 and the fall from 93.21 is more likely consolidation of uptrend. Support is at 91.90 followed by the rising trend line from 87.37 to ... Read more

AUDUSD’s uptrend extends to 0.9007

AUDUSD’s uptrend from 0.8734 extends further to as high as 0.9007 level. As long as 0.8900 support holds, we’d expect uptrend to continue and one more rise towards 0.9050 area ... Read more

EURUSD traded in a narrow range

EURUSD traded in a narrow range between 1.4218 and 1.4457 for several days. As long as 1.4457 resistance holds, downtrend from 1.5144 could be expected to continue and another fall ... Read more