Archive for February, 2010

EURUSD remains in downward movement from 1.5144

EURUSD remains in downward movement from 1.5144 and the bounce from 1.3443 is more likely consolidation of downtrend. Range trading between 1.3443 and 1.3838 is expected next week. ... Read more

GBPUSD breaks below 1.5350

GBPUSD breaks below 1.5350 support and the fall from 1.5815 extends to as low as 1.5190 level. Deeper decline is still possible after a minor consolidation and next ... Read more

AUDUSD breaks below 0.8678 key support

AUDUSD breaks below 0.8678 key support, suggesting that a short term cycle top has been formed at 0.9070 level on 4-hour chart and the uptrend from 0.8577 has ... Read more

GBPUSD drops sharply from 1.5575

GBPUSD drops sharply from 1.5575 and reaches as low as 1.5393 level. Now the fall could possibly be resumption of downtrend from 1.6456. Deeper decline is expected to ... Read more

EURUSD formed a cycle bottom at 1.3443

EURUSD had formed a short term cycle bottom at 1.3443 level on 4-hour chart. Another bounce to test 1.3838 key resistance is expected later today. As long as ... Read more

USDCHF dropped sharply from 1.0898

USDCHF dropped sharply from 1.0898 last week, suggesting that a short term cycle top had been formed on 4-hour chart. Range trading between 1.0608 and 1.0898 is expected ... Read more

GBPUSD’s downtrend extends to 1.5350

GBPUSD's downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at 1.5150 area. Key resistance is now ... Read more

USDCAD breaks above price channel

USDCAD breaks above the falling price channel on 4-hour chart, suggesting that a short term cycle bottom is being formed at 1.0397. Range trading between 1.0397 and 1.0590 ... Read more

EURUSD broke above price channel

EURUSD broke above the falling price channel on 4-hour chart and traded in a range between 1.3531 and 1.3838. Lengthier sideways movement in the range would more likely ... Read more

EURUSD traded in a narrow range

After breaking below 1.3585 previous low, EURUSD traded in a narrow range. Deeper decline is still in favor and next target would be at 1.3400 area. Resistance is ... Read more

USDCHF formed a short term cycle bottom

Being supported by the lower border of the rising price channel, USDCHF formed a short term cycle bottom at 1.0608 level on 4-hour chart. Sideways movement is expected ... Read more

USDCAD’s fall from 1.0779 extends to as low as 1.0579

USDCAD’s fall from 1.0779 extends to as low as 1.0579 level, suggesting that a short term cycle top has been formed at 1.0779 on 4-hour chart. ... Read more

USDCHF formed a cycle top at 1.0794

USDCHF formed a short term cycle top at 1.0794 level on 4-hour chart. As long as the channel support holds, the pair is treated as in uptrend from ... Read more

USDCHF’s uptrend extended to 1.0794

USDCHF’s uptrend extended to as high as 1.0794 level and reached the upper border of the rising price channel on 4-hour chart. Minor consolidation would more likely be ... Read more

USDJPY’s fall extended to 88.57

USDJPY stays in a falling price channel and remains in downward movement from 93.75. Another fall is still possible next week and target would be at 88.00 area. ... Read more

USDCHF is in uptrend from 1.0132

USDCHF is in uptrend from 1.0132 and the fall from 1.0640 is treated as consolidation of uptrend. Support is now located at the lower border of the rising ... Read more

USDCAD’s bounce extended to 1.0720 only

USDCAD’s bounce from 1.0556 extended to as high as 1.0720 only. The subsequent pullback suggests lengthier consolidation of uptrend from 1.0224 is underway. More sideways movements are expected ... Read more

USDJPY pulled back from 90.91

After touching the falling trend line from 93.75 to 91.87, USDJPY pulled back from 90.91. One more fall towards 88.50 area is still possible in a couple of days. Key ... Read more