Forex Analysis and Theory

Daily Forex Analysis – September 29, 2009

2009-09-29T20:11:00.002+07:00

USDJPY Analysis. USDJPY rebounded sharply from 88.24, suggesting that a short constituent cycle bottom has been formed on 4-hour chart. Range trading between 88.24 and 90.60 is expected in a pair of days. As daylong as 90.60 status holds, the toll action from 88.24 is treated as compounding of downtrend from 92.53 and boost start to test 87.12 (Jan 21 low) daylong constituent critical stop is still doable after consolidation, however, a break above 90.60 status will indicate that downtrend from 92.53 has completed, then boost rise could be seen to 91.00 or even higher.

EURUSD Analysis. EURUSD is now in short constituent downtrend from 1.4843, deeper start is doable to 1.4500 regularize in a pair of days. Near constituent status is at 1.4680 followed by 1.4724, as daylong as these levels hold, we’d expect downtrend to continue.

USDCAD Analysis. USDCAD is now in short constituent uptrend from 1.0590. The start from 1.0991 is more probable compounding of uptrend. Range trading between 1.0800 and 1.0991 is expected in a pair of days and boost rise to 1.1050-1.1100 area is still doable after consolidation.

GBPUSD Analysis. GBPUSD remains in short constituent downtrend from 1.6467 and the rise from 1.5770 is more probable compounding of downtrend. Further start is still doable after compounding and incoming target would be at 1.5600 zone. Initial status is now at 1.6050, as daylong as this level holds, downtrend will continue.

AUDUSD Analysis. AUDUSD continues to trade in a range between 0.8543 and 0.8788. Sideways movement is still in favor in a pair of days. However, the toll action in the trading range is treated as compounding of uptrend from 0.8155, boost rise towards 0.8900 is doable after consolidation, and a breakout above 0.8788 status will communication start of uptrend.

USDCHF Analysis. USDCHF remains in downtrend from 1.0714 and the rise from 1.0186 is more probable compounding of downtrend. Range trading between 1.0186 and 1.0422 is expected in a pair of days. Downtrend will resume after compounding and deeper start towards 1.0100 is still possible.

Daily Forex Analysis – September 28, 2009

2009-09-28T10:33:00.004+07:00

EURUSD Analysis. EURUSD has formed a short term wheel top at 1.4843 level on 4-hour chart. Further fall to 1.4500 zone would more likely be seen after today. Near term resistance is at 1.4724, as daylong as this level holds, we’d expect downtrend from 1.4843 to continue, however, a fortuity above this level module declare sideways consolidation between 1.4611 and 1.4843 is underway.

USDJPY Analysis. USDJPY drops sharply to as baritone as 88.24 level. Further fall to test 87.12 (Jan 21 low) daylong term grave support is possible in a couple of days. Near term resistance is at 89.50, as daylong as this level holds, downtrend from 92.53 module continue.

USDCAD Analysis. USDCAD broke above 1.0925 key resistance and is now in uptrend from 1.0590. Near term support is located at 1.0859, as daylong as this level holds, we’d expect uptrend to move and further rise to 1.1050-1.1100 Atlantic is possible after today.

GBPUSD Analysis. GBPUSD drops sharply beneath 1.5801 (June 8 low) support and reaches as baritone as 1.5770 so far. Deeper fall is still possible to 1.5500-1.5650 Atlantic after today. Near term resistance is at 1.5920 followed by 1.6050, as daylong as these levels hold, downtrend module continue.

AUDUSD Analysis. AUDUSD trades in a arrange between 0.8543 and 0.8788. The toll action in the trading arrange is treated as consolidation of uptrend. As daylong as 0.8543 support holds, we’d expect uptrend to resume and further rise towards 0.8900 is possible after consolidation. However, a fortuity beneath 0.8543 module take toll to 0.8350-0.8400 area.

USDCHF Analysis. USDCHF has formed a short term wheel lowermost at 1.0186 level on 4-hour chart. Further rise to test 1.0389 is expected after today, a fortuity above this level module take toll to 1.0450-1.0500 area. Near term support is at 1.0186, exclusive fall beneath this level module indicate that the downtrend from 1.0698 has resumed.

Daily Forex Analysis – September 25, 2009

2009-09-25T09:21:00.004+07:00

EURUSD Analysis. EURUSD poor beneath the rising trend line on 4-hour chart and is testing 1.4611 support, a break beneath this take module inform that the uptrend from 1.4177 has complete at 1.4843 take already, then the following downtrend module will take price back to 1.4450 or even lower. Near term status is today located at 1.4843, only rise above this take module inform that the uptrend from 1.4177 has resumed, then the incoming target would be at 1.5000 zone.

USDJPY Analysis. USDJPY continue to change oblique in a range between 90.12 and 92.53. Rise towards 92.53 take would more likely be seen later today, a break above this take module confirm that the downtrend from 97.78 has complete at 90.12 take already, then the following uptrend module take price to 94.00 zone. Key support is located at 90.12, only fall beneath this take module inform that the downtrend has resumed, then deeper decline is due to 89.00 level.

USDCAD Analysis. USDCAD breaks above 1.0925 key resistance, suggesting that the downtrend from 1.1124 has complete at 1.0590 take already. Further rise to 1.1050 is due in incoming several days. Near term support is at 1.0830, as daylong as this take holds, uptrend from 1.0660 module continue.

GBPUSD Analysis. GBPUSD bacilliform a short term wheel top at 1.6467 take on 4-hour chart and drops sharply to as low as 1.5916 so far. The pair is today in downtrend from 1.6467, deeper decline to 1.5600 is possible in incoming several days. Near term status is at 1.6100, as daylong as this take holds, we’d expect downtrend to continue.

AUDUSD Analysis. AUDUSD poor beneath the rising trend line on 4-hour chart, suggesting that a short term wheel top has been bacilliform at 0.8788 level. Further fall is today in souvenir and incoming target is to effort 0.8543 support, a break beneath this take module take price to 0.8350-0.8400 area.

USDCHF Analysis. USDCHF breaks above the falling trend line from 1.0698 to 1.0389, suggesting that a short term wheel bottom has been bacilliform at 1.0186 take on 4-hour chart. Now the downtrend from 1.0698 has complete and rebound to effort 1.0422 status is due in incoming several days.

Daily Forex Analysis – September 22, 2009

2009-09-22T11:10:00.003+07:00

USDCAD Analysis. As expected, USDCAD reached 1.0850 level. Now the pullback from 1.0852 could possibly be resumption of downtrend. Deeper decline is in favor and target is to re-test 1.0590 preceding low support, a fortuity below this take module signal boost start towards 1.0500 zone. However, above 1.0925 key status module indicate that the downtrend from 1.1124 has completed, then the mass uptrend module take price to 1.1200 zone.

USDJPY Analysis. USDJPY broke above 91.62 resistance, suggesting that a short term cycle bottom has been formed at 90.12 take on 4-hour chart and the downtrend from 97.78 has completed. Range trading between 90.12 and 93.29 is expected in next individual days.

GBPUSD Analysis. Being supported by 1.6113 preceding low, GBPUSD rebounds from 1.6133, however, the rise is more probable compounding of downtrend from 1.6741, boost start to test 1.6113 support is ease possible after today, and a breakdown below this take module indicate that uptrend from 1.3503 (Jan 23 low) has completed at 1.7042 take already. Near term status is at 1.6350, as long as this take holds, we’d expect downtrend to continue.

AUDUSD Analysis. AUDUSD remains in uptrend from 0.8155 and the start from 0.8775 is treated as correction of uptrend. As long as 0.8543 support holds, we’d expect uptrend to resume and boost rise towards 0.8800 zone is possible after correction.

EURUSD Analysis. EURUSD remains in uptrend from 1.4177 and the pullback from 1.4765 is more probable compounding of uptrend. Range trading between 1.4611 and 1.4765 is expected in a couple of days, a fortuity discover above 1.4765 module suggest that the uptrend has resumed, then boost rally could be seen to 1.4850-1.4900 area.

USDCHF Analysis. USDCHF stays below 1.0422 status and remains in downtrend from 1.0698, and the rise from 1.0275 is more probable compounding of downtrend. Deeper decline to 1.0200 is expected after consolidation.

Daily Forex Analysis – September 21, 2009

2009-09-22T11:10:00.002+07:00

USDJPY Analysis. USDJPY is testing 91.62 key resistance, a fortuity above this verify will inform that a short constituent cycle bottom has been formed at 91.12 verify on 4-hour interpret and inform that the downtrend from 97.89 has completed, then further rally could be seen to 92.50-93.00 area. As long as 91.62 status holds, the price action from 90.20 is treated as compounding of downtrend from 97.78 and added start towards 89.00 is ease doable after consolidation.

GBPUSD Analysis. GBPUSD drops sharply to as baritone as 1.6209 level. Deeper decline is ease doable later today and target is to test 1.6113 previous baritone support, a fortuity beneath this verify will inform that the uptrend from 1.3503 (Jan 23 low) has complete at 1.7042 verify already. Near constituent status is at 1.6350, as long as this verify holds, we’d expect downtrend from 1.6741 to continue.

AUDUSD Analysis. AUDUSD remains in uptrend from 0.8543 and the pullback from 0.8775 is treated as compounding of uptrend. Near constituent hold is at 0.8600, as long as this verify holds, we’d expect uptrend to resume, and further uprise to 0.8800 zone is doable after consolidation, and a fortuity above 0.8775 will signal resumption of uptrend. However, beneath 0.8600 verify will verify price backwards to re-test 0.8543 support.

EURUSD Analysis. EURUSD remains in uptrend from 1.4177. Further uprise to 1.4800-1.4850 area is doable in a pair of days. Initial hold is now located at the lower abut of the price channel on 4-hour interpret and followed by 1.4641, only fortuity beneath this verify will verify price backwards to 1.4550 zone.

USDCAD Analysis. USDCAD has formed a short constituent cycle bottom at 1.0590 verify on 4-hour chart. Further uprise to 1.0850 zone is expected in a pair of days. Near constituent hold is at 1.0650 followed by 1.0590, only start beneath 1.0590 verify will inform that the downtrend from 1.1101 has resumed, then deeper decline could be seen to 1.0500.

USDCHF Analysis. USDCHF remains in bearish movement from 1.0698. Deeper decline is expected to 1.0200-1.0250 area. Near constituent status is at 1.0368, as long as this verify holds, downtrend will continue, only fortuity above this verify will verify price backwards towards 1.0422 resistance.

Daily Forex Analysis – September 18, 2009

2009-09-18T11:30:00.003+07:00

USDJPY Analysis. USDJPY trades in a range between 90.12 and 91.62. As daylong as 91.62 status holds, the toll state from 91.20 is treated as compounding of downtrend from 97.78, and deeper decline to 89.00-89.50 Atlantic is possible. However, a fortuity above 91.62 module indicate that a brief constituent cycle lowermost has been bacilliform at 90.12 and the downtrend from 97.78 has completed, then the following uptrend module verify toll backwards to 94.00 zone.

GBPUSD Analysis. GBPUSD relic in brief constituent downtrend from 1.6741 and the rebound from 1.6403 is more likely compounding of downtrend. Near constituent status is today at 1.6566, as daylong as this take holds, downtrend module continue. However, above 1.6566 module verify toll to range trading.

AUDUSD Analysis. AUDUSD relic in uptrend from 0.8543 and the fall from 0.8775 is more likely compounding of uptrend. Further uprise is ease possible in next several days and target would be at 0.8800 zone. Near constituent hold is today at 0.8640, as daylong as this take holds, uptrend module continue. However, below this take module verify toll backwards to re-test 0.8543 support.

EURUSD Analysis. EURUSD stays above 1.4641 hold and relic in uptrend from 1.4177. As daylong as 1.4641 hold holds, we’d expect uptrend to move and boost uprise towards 1.4800-1.4850 Atlantic is possible in a couple of days, exclusive fall below 1.4641 take module verify toll backwards to 1.4550 zone.

USDCAD Analysis. USDCAD’s downtrend from 1.0925 extends to as low as 1.0590. Key status is today located at 1.0729, as daylong as this take holds, we’d expect downtrend to continue, however, above this take module indicate that a brief constituent cycle lowermost has been bacilliform at 1.0590 take already and the downtrend from 1.0925 has completed.

USDCHF Analysis. USDCHF is in downtrend from 1.0698. Deeper decline to 1.0200-1.0250 Atlantic is possible in a couple of days. Near constituent status is at 1.0368, as daylong as this take holds, downtrend module continue, exclusive fortuity above this take module verify toll backwards towards 1.0422 resistance.

Daily Forex Analysis – September 17, 2009

2009-09-17T09:31:00.002+07:00

USDJPY Analysis. After touching 90.20 previous low, USDJPY rebounded sharply from 90.12, suggesting that a brief constituent cycle lowermost is being formed. Key resistance is today settled at 91.62, a fortuity above this take module confirm the cycle lowermost and indicate that the downtrend from 97.78 has completed at 90.12 take already, then the following uptrend module take price back to 94.00 zone. Near constituent hold is at 90.12, only fall beneath this take module signal deeper fall to 89.00-89.50 area.

GBPUSD Analysis. GBPUSD is today in brief constituent downtrend from 1.6741 and the rebound from 1.6403 is more likely compounding of downtrend. Deeper fall is in favor and target would be at 1.6250 zone. Near constituent resistance is at 1.6550, as daylong as this take holds, downtrend module continue. However, above 1.6550 module take price to range trading between 1.6403 and 1.6741.

AUDUSD Analysis. AUDUSD’s uptrend long to as high as 0.8748 level. Further uprise is today in favor and next target would be at 0.8800 zone. Initial hold is at 0.8710 followed by 86.75, as daylong as these levels hold, uptrend from 0.8543 module continue.

EURUSD Analysis. EURUSD relic in uptrend and the uprise from 1.4177 long to as high as 1.4736 level. Further rally is ease possible later today and next target would be at 1.4800 zone. Key hold is today settled at 1.4641, as daylong as this take holds, we’d expect uptrend to continue, however beneath this take module indicate that a brief constituent cycle crowning has been bacilliform and the uprise from 1.4177 has completed.

USDCAD Analysis. USDCAD poor beneath 1.0673, deeper fall is expected to test 1.0632 grave support, beneath this take module indicate that the longer constituent downtrend has resumed, then next target would be at 1.0500 zone. Initial resistance is at 1.0730, as daylong as this take holds, downtrend from 1.0925 module continue.

USDCHF Analysis. USDCHF relic in downtrend from 1.0698. Deeper fall is ease possible later today and target would be at 1.0250 zone. Near constituent resistance is at 1.0422, as daylong as this take holds, downtrend module continue. However, above 1.0422 module indicate that a brief constituent cycle lowermost has been formed, then sideways compounding could be seen to follow.

Daily Forex Analysis – September 16, 2009

2009-09-16T19:31:00.004+07:00

USDJPY Analysis. USDJPY stays below the falling way line from 97.78 to 93.29 and remains in downtrend, and the recuperate from 90.20 is more likely compounding of downtrend. As long as the way line status holds, we’d expect downtrend to resumed and deeper decline to 89.00 is still possible after consolidation. However, a country fortuity above the way line status module inform that the start from 97.78 has completed.

GBPUSD Analysis. GBPUSD broke below 1.6454 key support, suggesting that the brief constituent uptrend form 1.6113 has completed at 1.6741 take already. Deeper decline is still possible after today and next target would be at 1.6250 zone. Near constituent status is at 1.6550, as long as this take holds, we’d expect downtrend to continue. However, above 1.6550 module take price to range trading between 1.6403 and 1.6741.

AUDUSD Analysis. AUDUSD stays in a trading range between 0.8528 and 0.8674. Pullback to 0.8450 regularize to reach next brief constituent wheel lowermost is possible after today. Initial status is at 0.8674, above this take module inform that the uptrend from 0.8155 has resumed, then further feat could be seen to 0.8800 zone.

EURUSD Analysis. EURUSD remains in uptrend from 1.4177, further rise is still possible to 1.4700-1.4800 area after today. Key hold is at 1.4515, as long as this take holds, uptrend module continue. However, below 1.4515 module inform that a brief constituent wheel top has been formed, then sideways compounding could be seen to follow.

USDCAD Analysis. USDCAD drops sharply from 1.0925, suggesting that a brief constituent wheel top has been bacilliform on 4-hour chart. Deeper decline could be seen to test 1.0673 key hold after to day, a perturbation below this take module inform that the downtrend from 1.1101 has resumed, then further start could be seen to 1.0500 zone.

USDCHF Analysis. USDCHF remains in downtrend from 1.0698. Deeper decline is still possible to 1.0250 regularize in a couple of days. Near constituent status is at 1.0422, as long as this take holds, downtrend module continue. However, above 1.0422 module inform that a brief constituent wheel lowermost has been formed, then sideways compounding could be seen to follow.

Daily Forex Analysis – September 15, 2009

2009-09-15T20:09:00.002+07:00

GBPUSD Analysis. GBPUSD broke beneath the lower border of the rising price steer on 4-hour chart. Range trading between 1.6454 and 1.6741 is expected in a pair of days. However, the price action from 1.6741 is more probable compounding of uptrend from 1.6113, one more rise towards 1.6900 regularize is still possible after compounding and a fortuity above 1.6741 module signal resumption of uptrend. attorney hold is at 1.6454, only start beneath this take module indicate that the rise from 1.6113 has complete at 1.6741 take already, then the following downtrend module verify price back to re-test 1.6113 support.

AUDUSD Analysis. AUDUSD might be forming a brief term wheel crowning at 0.8674 take on 4-hour chart. attorney hold is settled at 0.8528, a fortuity downbound beneath this take module confirm the wheel top. Moving oblique in a range between 0.8450 and 0.8667 would more probable be seen in a pair of days. However, the price action from 0.8674 is treated as compounding of uptrend from 0.8155, further rise towards 0.8800 regularize is still possible after consolidation.

EURUSD Analysis. EURUSD’s uptrend extends to as broad as 1.4651 level. As daylong as 1.4515 key hold holds, we’d wait uptrend from 1.4177 to continue and further rise to 1.4700-1.4800 Atlantic is possible. However, a fortuity beneath 1.4515 take module indicate that a brief term wheel crowning has been formed, then oblique compounding could be seen to follow.

USDCAD Analysis. No denaturized in our view, USDCAD formed a brief term wheel bottom at 1.0673 take on 4-hour chart. Further rise to 1.0950-1.1000 Atlantic to reach incoming wheel crowning is possible in a pair of days, and oblique compounding in a range between 1.0673 and 1.1000 is expected to follow. attorney hold is settled at 1.0673, a breakdown beneath this take module signal deeper fall towards 1.0500 zone.

USDCHF Analysis. USDCHF relic in downtrend from 1.0698 and the start extended further to as low as 1.0322 level. Deeper fall is still possible in a pair of life and incoming target would be at 1.0250 zone. Near term resistance is at 1.0422, as daylong as this take holds, downtrend module continue. However, above 1.0422 module indicate that a brief term wheel bottom has been formed, then oblique compounding could be seen to follow.

USDJPY Analysis. USDJPY relic in downtrend from 97.78. Near term resistance is at the falling way line from 97.78 to 93.29. As daylong as the way line resistance holds, we’d wait downtrend to continue. However, above the way line resistance module indicate that the start from 97.78 has completed.

Daily Forex Analysis – September 14, 2009

2009-09-14T09:48:00.003+07:00

GBPUSD Analysis. Being contained by the upper border of the rising toll channel, GBPUSD pulled back from 1.6741 level. Deeper fall is due to the lower border of the toll channel. However the fall from 1.6741 is aerated as compounding of uptrend from 1.6113. As long as the steer hold holds, we’d expect the uptrend to resume and further uprise to 1.6850-1.6900 area is doable after consolidation, and a break above 1.6741 module signal resumption of uptrend.

AUDUSD Analysis. After impinging 0.8667 resistance, AUDUSD pulled back from 0.8674 level, suggesting that lengthier compounding is underway. Range trading between 0.8450 and 0.8667 is due in a pair of days. Near constituent status is now at 0.8674, only uprise above this take module signal resumption of uptrend.

EURUSD Analysis. EURUSD relic in uptrend from 1.4177. Further uprise is still doable to 1.4700 zone in a pair of days. Near constituent hold is at 1.4500 and key hold is located at 1.4467, beneath this take module inform that a brief constituent cycle top has been bacilliform on 4-hour chart, then pullback to 1.4400 could be seen to follow.

USDCAD Analysis. USDCAD bacilliform a brief constituent cycle bottom at 1.0673 take on 4-hour chart. Further uprise to 1.0950-1.1000 area is doable in a pair of days, and sideways compounding in a range between 1.0673 and 1.1000 is due to follow. Key hold is located at 1.0673, a breakdown beneath this take module signal deeper fall towards 1.0500 zone.

USDCHF Analysis. USDCHF continues its brief constituent downtrend from 1.0698. Deeper fall is still doable in a pair of life and next target would be at 1.0250-1.0300 area. Near constituent status is at 1.0425 and key status is located at 1.0488, only uprise above this take module inform that the downtrend from 1.0698 has completed.

USDJPY Analysis. USDJPY dropped sharply beneath the falling toll steer on 4-hour chart last week and the downtrend from 97.78 is due to move in a pair of days. Deeper fall could be seen to 89.00-89.50 zone. Near constituent status is now at 91.45, only uprise above this take module inform that the brief constituent downtrend from 93.29 has completed.

Daily Forex Analysis – September 11, 2009

2009-09-11T14:20:00.002+07:00

AUDUSD Analysis. AUDUSD might be forming a brief constituent wheel crowning at 0.8667 take on 4-hour chart, key hold is located at 0.8528, a fortuity beneath this take module confirm the wheel top, then consolidation in a range between 0.8450 and 0.8667 could be seen to follow. However, a fortuity above 0.8667 module inform that the uptrend from 0.0.8239 has resumed and the next target would be at 0.8750-0.8800 area.

EURUSD Analysis. EURUSD stays above 1.4467 key hold and relic in uptrend from 1.4177. Further rise to 1.4700 regularize is still possible in a pair of days. Near constituent hold is at 1.4500, as long as this take holds, we’d wait uptrend to continue. However, beneath 1.4467 key hold module suggesting that a brief constituent wheel crowning has been formed on 4-hour chart, then pullback to 1.4400 could be seen to follow.

GBPUSD Analysis. GBPUSD broke above 1.6623 resistance, suggesting that the downtrend from 1.7042 has complete at 1.6113 take already. Further rise is still possible to 1.6800 regularize in a pair of days. Near constituent hold is at the lower abut of the rising toll steer on 4-hour chart and key hold is at 1.6454 level, only fortuity beneath this take module inform that the uptrend from 1.6113 has terminated.

USDCAD Analysis. USDCAD has formed a brief constituent wheel bottom at 1.0673 take on 4-hour chart. Range trading between 1.0673 and 1.0900 is due in a pair of days. Key hold is today located at 1.0673, a fortuity beneath this take module signal deeper fall towards 1.0500 zone.

USDCHF Analysis. USDCHF relic in brief constituent downtrend from 1.0698. Bearish movement is due to continue in a pair of days, and next target would be at 1.0200-1.0250 area. Key resistance is located at 1.0488, only rise above this take module inform that the downtrend from 1.0698 has completed.

USDJPY Analysis. No changed in our view, USDJPY stays in a falling toll steer on 4-hour chart and relic in downtrend from 97.78. Further fall is due to 91.00 regularize later today. Near constituent resistance is at the upper abut of the toll channel, as long as the steer resistance holds, we’d wait downtrend to continue.

Daily Forex Analysis – September 10, 2009

2009-09-10T10:12:00.004+07:00

EURUSD Analysis. EURUSD’s uptrend from 1.4177 extends to as broad as 1.4599 level. Further uprise is still in favor and incoming direct would be at 1.4650-1.4700 area. Near constituent hold is at 1.4467, as daylong as this take holds, uptrend module continue. However, a break beneath 1.4467 take module indicate that a short constituent wheel top has been formed on 4-hour chart, then deeper start is expected to follow and direct would be at 1.4400 zone.

GBPUSD Analysis. GBPUSD stays in a rising price steer on 4-hour chart and remains in sort constituent uptrend modify 1.6113. As daylong as the steer hold holds, we’d expect uptrend to continue. attorney hold is now settled at 1.6454, beneath this take module declare that a short constituent wheel top has been formed, then pullback to 1.6250 could be seen to follow.

USDCAD Analysis. USDCAD is forming a short constituent wheel bottom at 1.0673 take on 4-hour chart. Consolidation in a arrange between 1.0673 and 1.0900 is expected in a couple of days. attorney hold is now settled at 1.0632, beneath this take module indicate that the downtrend from 1.1723 has resumed.

AUDUSD Analysis. AUDUSD remains in uptrend from 0.8239 and the uprise extends to as broad as 0.8667 level. Further rally is still possible to 0.8700 regularize later today. Near constituent hold is at 0.8565, as daylong as this take holds, uptrend module continue. attorney hold is now settled at 0.8528, beneath this take module declare that a short constituent wheel top has been formed, then pullback towards 0.8350 could be seen to follow.

USDCHF Analysis. USDCHF’s downtrend from 1.0698 extends further to as baritone as 1.0383 level. Deeper start is still possible to test 1.0366 (Dec 29, 2008 low) support, a break beneath this take module signal further start towards 1.0200 zone. attorney resistance is now settled at 1.0488, exclusive uprise above this take module indicate that the downtrend from 1.0698 has completed.

USDJPY Analysis. USDJPY breaks beneath 91.73 (July 13 low) support. Further start is still in favor and incoming direct is at 91.00 zone. Near constituent resistance is at the upper border of the price steer on 4-hour chart, exclusive uprise above the steer resistance module take price back towards 93.00 level.

How A Bear Can Be Bullish And Still Be Right

2009-09-10T07:51:00.004+07:00

By Nico Isaac

In recent months, Elliott Wave International President Bob Prechter has become something of a household name. In the final two life of August 2009 alone, Bob was mentioned by several programme outlets from MarketWatch to the New York Times. The claim to his "fame" —

EWI was digit of the only theoretical psychotherapy firms to anticipate a sharp rally in U.S. stocks as they circled the drain of a 12-year baritone this spring, a feat made ever more exceptional considering the distributed image of Bob as being the ultimate "Big, Bad Bear."

The lesson? Believe in the facts, not in the "widespread image."

Bob Prechter has always said that flourishing forecasting should look to the current wave count (and different other theoretical measures) for direction. He has never permanently tied himself to the mast of definition — i.e. "bull" or "bear."

For this reason, EWI’s aggroup of analysts have been able to meet digit step ahead of the biggest turning points in the Dow designer Industrial Average, from the very move of the index’s historic 2007 reversal.

To wit: This two-year interpret of the Dow incorporates several calls from our past publications as they coincided with the market’s most memorable peaks and troughs:

—————————————————————— For more psychotherapy from Robert Prechter, download a liberated 10-page July issue of Prechter’s . ——————————————————————

The interpret above presents the abstract info of our past analysis. Here is the swollen version of those insights as they appeared in real-time:

July 17, 2007 TheElliott Wave Theorist:

"Aggressive speculators should return to a fully leveraged short function now. We may be early by a couple of weeks, but the mart has traced out the minimum expected rise, and that’s enough to act on."

Soon after, as the DJIA neared its own historic Oct. 11, 2007 apex, the Oct. 9 and 10 Short Term Update amped up the urgency of its psychotherapy and wrote:

â€œOdds have increased that a mart broad is in place. The structure, coupled with turns in the other markets, suggests a top is in place. The potential, at the least, is four a large selloff… Watch Out! The mart faces a stout correction."

Before landing at its March 10, 2008 bottom, the March 5 Short Term Update afforded respect to a bullish alternate count and wrote: "Prices should carry above the wave a broad (13165) before it ends."

At its four-month high, the March 16 2008 Elliott Wave Theorist went on high, bearish alert and wrote: The DJIA is entering "Free Fall territory."

One week before the U.S. have mart landed at its 12-year baritone of March 9, our Feb. 27, 2009 Short Term Update utilized a traditional turning pattern to outline a specific instance window for the onset of a field upside reversal. In STU’s own words:

"By all indication, this pattern is back on track… the invoke will become on or near March 10, 2009. Anywhere in this instance period may mark a turn, which will obviously be a mart low."

Once the bullish winds of change had turned, the March 16 Short Term Update wrote:

"When the mart speaks, it behooves us to listen. The implications of this are that the… field have indexes are in the initial stages of a multi-month advance."

Finally, the April 2009 Elliott Wave Financial Forecast calculated a specific target range for the Dow’s rally: the 9,000-10,000 level.

So, now that the upside neutral is met, where are prices set to go next? For more psychotherapy from Robert Prechter, download a liberated 10-page July issue of Prechter’s .

Robert Prechter, Chartered Market Technician, is the world’s foremost proficient on and proponent of the deflationary scenario. Prechter is the originator and CEO of Elliott Wave International, author of Wall Street best-sellers Conquer the Crash and and application of monthly mart honor since 1979.

Daily Forex Analysis – September 9, 2009

2009-09-10T07:51:00.003+07:00

GBPUSD Analysis. GBPUSD’s rebound extends further to as broad as 1.6586. The pair is investigating 1.6623 resistance, a break above this take module suggest that the downtrend from 1.7042 has completed at 1.6113 already. Initial hold is now at the lower border of the price channel on 4-hour chart and key hold is at 1.6286, beneath this take module inform that a brief constituent wheel top has been formed, then deeper fall could be seen to re-test 1.6113 previous baritone support.

USDCAD Analysis. Being contained by 1.0632 previous baritone support, USDCAD rebounds from 1.0673 level, suggesting that a brief constituent wheel lowermost is being formed on 4-hour chart. Consolidation in a range between 1.0673 and 1.0900 is expected in a couple of days.

AUDUSD Analysis. AUDUSD move its bullish movement and the uptrend from 0.8239 extends to as broad as 0.8657 level. Further uprise to 0.8700 is still doable in a couple of days. Initial hold is today at 0.8580 followed by 0.8525, as daylong as these levels hold, uptrend from 0.8239 module continue.

EURUSD Analysis. EURUSD poor above 1.4447 previous broad status and reached as broad as 1.4534 level. Further rally is still doable to 1.4600-1.4650 area in a couple of days. Near constituent hold is at 1.4410, as daylong as this take holds, we’d expect uptrend from 1.4177 to continue.

USDCHF Analysis. USDCHF poor beneath 1.0530 previous baritone support, suggesting that the downtrend from 1.0883 has resumed. Deeper fall is still doable to 1.0350-1.0400 area in a couple of days. Near constituent status is at 1.0530, exclusive uprise above this take module communication compounding of the medium constituent downtrend.

USDJPY Analysis. USDJPY has formed a brief constituent wheel top at 93.29 take on 4-hour chart. Deeper fall is today in favor and next target would be at 91.00 zone. Near constituent status is today at the upper border of the price channel, exclusive uprise above the channel status module inform that lengthier compounding of downtrend is underway.

Daily Forex Analysis – September 8, 2009

2009-09-08T11:37:00.002+07:00

GBPUSD Analysis. Being contained by the upper border of the falling toll channel on 4-hour chart, GBPUSD pulls back from 1.6441 level, suggesting that a short constituent cycle crowning is being formed. Key stop is now located at 1.6286, a fortuity beneath this verify module confirm the cycle crowning and inform that the start from 1.6441 is start of downtrend from 1.7042, then deeper start could be seen to re-test 1.6113 previous low support.

USDCAD Analysis. After breaking beneath 1.0966 level, USDCAD dropped sharply to as low as 1.0740 level. Small consolidation is expected before breaking beneath 1.0718 previous low support. Near constituent status is at 1.0850, as long as this verify holds, we’d expect downtrend from 1.1101 to continue and deeper start could be seen to test 1.0632 key support.

AUDUSD Analysis. AUDUSD remains in uptrend from 0.8239, boost uprise is ease possible to 0.8700 regularize in a pair of days. Near constituent stop is at 0.8500 followed by 0.8450, as long as these levels hold, we would expect uptrend to continue.

EURUSD Analysis. EURUSD consolidated in a trading range between 1.4177 and 1.4405 for several days. Further uprise to test 1.4405 would more probable be seen later today, a fortuity above this verify module inform that the uptrend from 1.3748 (June 16 low) has resumed, then incoming short constituent target would be at 1.4550-1.4600 area. Near constituent stop is at 1.4177, only start beneath this verify module verify toll to 1.4050-1.4100 area.

USDCHF Analysis. USDCHF stays in a trading range between 1.0530 and 1.0714. As long as 1.0714 status holds, we’d expect downtrend from 1.0883 to continue and deeper start to 1.0450-1.0500 Atlantic is possible. However, above 1.7014 module inform that the downtrend from 1.0883 has completed at 1.0530 verify already, then the following uptrend module verify toll towards 1.1000 zone.

USDJPY Analysis. Being contained by 93.42 resistance, USDJPY pulls back from 93.29 level, suggesting that a short constituent cycle crowning is being formed on 4-hour chart. Further start is expected to test 91.94 previous low support, a fortuity down beneath this verify module inform that the downtrend from 97.78 has resumed, then incoming target would be at 89.00-90.00 area. Only uprise above 93.29 verify module communication boost uprise to 93.60 zone.

Daily Forex Analysis – September 7, 2009

2009-09-07T11:12:00.003+07:00

GBPUSD Analysis. GBPUSD bacilliform a short constituent wheel bottom at 1.6113 take on 4-hour chart. Further uprise to test the resistance of the upper border of the falling price channel is due after today. attorney resistance remains at 1.6623, as daylong as this take holds, we’d expect downtrend to resume, and added start towards 1.5900 is possible before breaking above 1.6623 level. However, above 1.6623 will suggest that the downtrend from 1.7042 has complete at 1.6113 level.

USDCAD Analysis. USDCAD poor beneath the rising way line from 1.0718 to 1.0791 and reached as baritone as 1.0823, suggesting that a short constituent wheel top has been bacilliform at 1.1101 take on 4-hour chart. Deeper decline is possible to test 1.0718 hold in a pair of days. Near constituent resistance is at 1.0885 followed by 1.0925, as daylong as these levels hold, downtrend from 1.1101 will continue.

AUDUSD Analysis. AUDUSD poor above 0.8477 key resistance. Now the uptrend from 0.7703 has resumed. Further uprise to 0.8700 zone is due in a pair of days. Near constituent hold is at 0.8495 followed by 0.8460, as daylong as these levels hold, uptrend from 0.8239 will continue.

EURUSD Analysis. EURUSD stays in a trading range between 1.4177 and 1.4405. Further uprise to test 1.4405 would more likely be seen after today, a break above this take will indicate that the uptrend from 1.3748 (June 16 low) has resumed, then next short constituent direct would be at 1.4550-1.4600 area. Near constituent hold is at 1.4177, only start beneath this take will take price to 1.4050-1.4100 area.

USDCHF Analysis. USDCHF continues its range trading between 1.0530 and 1.0714. As daylong as 1.0714 resistance holds, we’d expect downtrend to move and deeper decline to 1.0450-1.0500 Atlantic is possible. However, above 1.7014 will indicate that the downtrend from 1.0883 has complete at 1.0530 take already, then the following uptrend will take price towards 1.1000 zone.

USDJPY Analysis. USDJPY poor above the falling way line on 4-hour chart, suggesting that a short constituent wheel bottom has been bacilliform at 91.94 level. Range trading between 91.94 and 93.42 is due in a pair of days. However, the uprise from 91.94 is more likely consolidation of downtrend from 97.78, added start towards 89.00-90.00 Atlantic is still possible after consolidation.

Daily Forex Analysis - September 4, 2009

2009-09-04T10:05:00.002+07:00

USDCAD Analysis. Being contained by 1.1124 previous high resistance, USDCAD pulled back from 1.1101 level. Sideways compounding beneath 1.1124 would more probable be seen before breaking above this level. Near term support is located at 1.0966 followed by the rising way line on 4-hour chart now at 1.0900, as long as the way line support holds, we’d expect uptrend to uphold and a fortuity above 1.1124 status module signal further feat towards 1.1400 zone.

AUDUSD Analysis. AUDUSD bacilliform a brief term wheel bottom at 0.8239 verify on 4-hour chart. Range trading between 0.8238 and 0.8477 is expected in a couple of days. Key support is at 0.8238, a fortuity beneath this verify module indicate that the uptrend from 0.7703 has completed, then pullback towards 0.7900 could be seen to follow. However, above 0.8477 module declare that the uptrend from 0.7703 has resumed, and then further uprise is expected to 0.8600 zone.

USDJPY Analysis. USDJPY stays beneath the falling way line on 4-hour chart and remains in downtrend from 95.05. The rebound from 91.94 is more probable compounding of downtrend. As long as the way line status holds, we’d expect downtrend to continue. However, a clear fortuity above the way line status module declare that a brief term wheel bottom is being formed, then lengthier compounding in a range between 91.94 and 93.42 could be seen to follow.

GBPUSD Analysis. GBPUSD breaks above the falling way line on 4-hour chart, suggesting that a brief term wheel bottom has been formed. Further uprise to 1.6450-1.6500 Atlantic to reach the incoming wheel crowning is doable in a couple of days. Key status is at 1.6623, only fortuity above this verify module indicate that the downtrend from 1.7042 has completed at 1.6113 verify already.

EURUSD Analysis. EURUSD continues to advise sideways between 1.4177 and 1.4405. As long as 1.4405 status holds, we’d expect downtrend to uphold and added fall towards 1.4045 previous baritone would more probable be seen. However, above 1.4405 module indicate that the uptrend from 1.3748 (June 16 low) has resumed, then further uprise towards 1.4600 could be seen to follow.

USDCHF Analysis. USDCHF stays in a trading range between 1.0530 and 1.0714. As long as 1.0714 status holds, we’d expect downtrend to continue and deeper decline to 1.0450-1.0500 Atlantic is possible. However, above 1.7014 module indicate that the downtrend from 1.0883 has completed at 1.0530 verify already, then the mass uptrend module verify price towards 1.1000 zone.

Daily Forex Analysis - September 3, 2009

2009-09-03T10:47:00.002+07:00

AUDUSD Analysis. Being supported by 0.8238, AUDUSD rebounded from 0.8239 level. Consolidation in a range between 0.8238 and 0.8400 would more probable be seen in a pair of days. As daylong as 0.8477 take holds, another fall to effort 0.8155 hold is due after consolidation, a break beneath this take module suggest that the uptrend from 0.7703 has complete at 0.8477 take already, then the following downtrend module take price back to 0.7900 zone. Key status is at 0.8477, above this take module inform that the uptrend from 0.7703 has resumed, then next target would be at 0.8600-0.8700 area.

USDJPY Analysis. As expected, USDJPY drops to as baritone as 91.94 level. Near term status remains at the bunk abut of the dropping price channel on 4-hour chart, as daylong as the channel status holds, downtrend module continue, and next target is to effort 91.73 (July 13 low) support. Key status is now located at 93.42, only rise above this take module inform that the downtrend from 95.05 has completed.

GBPUSD Analysis. GBPUSD is testing the status of the dropping way line on 4-hour chart. As daylong as the way line status holds, we’d wait downtrend to continue. However, a clear break above the way line status module inform that the downtrend from 1.6623 has complete and further rise to 1.6460 zone could be seen to follow.

EURUSD Analysis. After breaking beneath 1.4207 support, EURUSD rebounded from 1.4177 level. Consolidation in a range between 1.4177 and 1.4330 is possible in a pair of days. As daylong as 1.4405 status holds, we’d wait downtrend to resume and another fall towards 1.4045 previous baritone would more probable be seen. However, above 1.4405 module inform that the uptrend from 1.3748 (June 16 low) has resumed, then further rise towards 1.4600 could be seen to follow.

USDCAD Analysis. USDCAD is moving higher to effort 1.1124 resistance. Consolidation would more probable be seen before breaking above this level, and pullback to 1.0950 is possible later today. Near term hold remains at the rising way line from 1.0718 to 1.0791 now at 1.0880, as daylong as the way line hold holds, we’d wait uptrend from 1.0418 to continue.

USDCHF Analysis. USDCHF failed to effort 1.0714 key status and pulled back from 1.0704 level. Range trading between 1.0530 and 1.0714 is due in a pair of days. As daylong as 1.0714 status holds, we’d wait downtrend to continue and deeper decline to 1.0450-1.0500 area is possible. However, above 1.7014 module inform that the downtrend from 1.0883 has complete at 1.0530 take already, then the following uptrend module take price towards 1.1000 zone.

Daily Forex Analysis - September 2, 2009

2009-09-02T13:09:00.004+07:00

USDJPY Analysis. USDJPY stays in the falling toll channel on 4-hour chart and remains in short constituent downtrend from 95.05. Deeper fall is still possible to 92.00 zone. Near constituent status is at the upper abut of the toll channel on 4-hour chart, and key status is 93.42, as daylong as this take holds, we’d expect downtrend to continue. However, above 93.42 take will suggest that a short constituent cycle bottom has been formed and the fall from 95.05 has completed.

AUDUSD Analysis. AUDUSD drops sharply to as baritone as 0.8239 and is testing 0.8238 support, beneath this take will signal deeper fall towards 0.8000. Initial status is at 0.8290 followed by 0.8330, and key status is settled at 0.8477.

GBPUSD Analysis. GBPUSD breaks beneath 1.6153 support, suggesting that the downtrend from 0.7042 has resumed. Deeper fall is today in souvenir and next target would be at 1.5850-1.5900 area. Near constituent status is today settled at the falling way line on 4-hour chart, as daylong as the way line status holds, we’d expect the downtrend to continue.

EURUSD Analysis. EURUSD breaks beneath 1.4200 key support, suggesting that the short constituent uptrend from 1.4045 has completed at 1.4405 take already. Deeper fall is today in souvenir and next target is to test 1.4045 support, a break down beneath this take will signal further fall towards 1.3800 zone.

USDCAD Analysis. USDCAD is today in short constituent uptrend from 1.0718. Further uprise to test 1.1124 previous broad status is possible in a pair of days, a break above this take will take toll to 1.1400 zone. Near constituent support remains at the ascension way line from 1.0718 to 1.0791 today at 1.0850, as daylong as the way line support holds, we’d expect uptrend to continue.

USDCHF Analysis. USDCHF rebounds sharply to as broad as 1.0704 and is testing 1.0714 key resistance, a break above this take will indicate that the downtrend from 1.0883 has completed at 1.0530 take already, and the following uptrend will take toll towards 1.1000 zone.

Daily Forex Analysis - September 1, 2009

2009-09-01T11:05:00.002+07:00

FAUDUSD Analysis. Being contained by 0.8477 previous high resistance, AUDUSD pulled back from 0.8470 level. Sideways consolidation in a range between 0.8300 and 0.8470 would more likely be seen before breaking above 0.8477 take and another fall towards 0.8300 is expected later today. However a fortuity of 0.8477 module suggest that the uptrend from 0.7703 has resumed, then the incoming direct would be at 0.8600-0.8700 area.

GBPUSD Analysis. GBPUSD formed a brief constituent cycle bottom at 1.6153 take on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a couple of days. However the toll action from 1.6153 is treated as consolidation of downtrend from 1.7042, further fall towards 1.6000 is still possible after consolidation, and a fortuity below 1.6153 module signal resumption of downtrend.

EURUSD Analysis. EURUSD is now in brief constituent uptrend from 1.4045. Further rise to test 1.4447 is still in favor, and a fortuity above this take module suggest that the uptrend from 1.3748 (June 16 low) has resumed, then incoming direct could be at 1.4600-1.4700 area. attorney support is at 1.4200, only fall below this take module take toll back to 1.4100 zone.

USDCAD Analysis. USDCAD broke above 1.1019. suggesting that the uptrend from 1.0718 has resumed. Further rise to test 1.1124 is possible in a couple of days, a fortuity above this take module take toll to 1.1400 zone. Near constituent support is at the rising trend distinction from 1.0718 to 1.0791, as long as the trend distinction support holds, we’d wait uptrend to continue.

USDJPY Analysis. USDJPY remains in brief constituent downtrend from 95.05. Further fall is still in favor and incoming direct would be at 92.00 zone. Near constituent status is at the upper border of the toll channel on 4-hour chart, as long as the channel status holds, downtrend module continue.

USDCHF Analysis. No changed in our view, USDCHF remains in brief constituent downtrend from 1.0883. Near constituent status is located at the falling trend distinction on 4-hour interpret now at 1.0663, as long as the trend distinction status holds, we’d wait the downtrend to continue. attorney status is at 1.0714, above this take module indicate that the downtrend from 1.0883 has completed, then rebound towards 1.1000 could be seen to follow.

Daily Forex Analysis - August 31, 2009

2009-08-31T10:55:00.003+07:00

GBPUSD Analysis. GBPUSD broke above the upper abut of the toll channel, suggesting that a short constituent cycle bottom is existence formed at 1.6153 take on 4-hour chart. Range trading between 1.6153 and 1.6500 is expected in a pair of days. However the toll state from 1.6153 is treated as compounding of downtrend from 1.7042, further fall towards 1.6000 is still doable after consolidation, and a fortuity below 1.6153 module communication resumption of downtrend.

EURUSD Analysis. EURUSD broke above 1.4375 status last week. Further rise to re-test 1.4447 is now in favor, and a fortuity above this take module suggest that the uptrend from 1.3748 (June 16 low) has resumed. Key support is at 1.4200, exclusive fall below this take module take toll back to 1.4100 zone.

AUDUSD Analysis. AUDUSD is testing 0.8477 previous high resistance. As daylong as this take holds, we’d wait downtrend to resume and pullback to 0.8250-0.8300 would more likely be seen before breaking above 0.8477 level. However a fortuity of 0.8477 module suggest that the uptrend from 0.7703 has resumed, then the next target would be at 0.8600-0.8700 area.

USDCAD Analysis. No changed in our view, USDCAD is in short constituent uptrend from 1.0718 and the pullback from 1.1019 is treated as correction of uptrend. As daylong as 1.0718 support holds, we would wait uptrend to resume and one more rise towards 1.1400 is still possible.

USDJPY Analysis. USDJPY is in short constituent downtrend from 95.05. Deeper decline to 92.50 is expected in a pair of days. Near constituent status remains at the dropping trend distinction from 95.05 to 94.55 now at 94.05, as daylong as the trend distinction status holds, downtrend module continue.

USDCHF Analysis. USDCHF remains in short constituent downtrend from 1.0883. Near constituent status is now located at the dropping trend distinction on 4-hour interpret now at 1.0680, as daylong as the trend distinction status holds, we’d wait the downtrend to continue. Key status is at 1.0714, above this take module inform that the downtrend from 1.0883 has completed, then recuperate towards 1.1000 could be seen to follow.

Daily Forex Analysis - August 28, 2009

2009-08-28T10:21:00.002+07:00

GBPUSD Analysis. GBPUSD remains in downtrend from 1.6623 and the start extended to as baritone as 1.6153 level. The rebound from 1.6153 is aerated as compounding of downtrend. Near constituent status is at the upper abut of the dropping price steer on 4-hour chart, as long as the steer status holds, we’d wait downtrend to resume, and deeper decline to 1.6000 is possible. However a clear fortuity above the steer status will suggest that a brief constituent wheel lowermost is being formed at 1.6153 level, then lengthier compounding in a range between 1.6153 and 1.6400 could be seen to follow.

EURUSD Analysis. EURUSD failed to test 1.4200 key hold and rebounded sharply form 1.4207 level, suggesting that a brief constituent wheel lowermost has been formed on 4-hour chart. Further rise could be seen to test 1.4447 preceding broad resistance, a fortuity above this take will signal boost rally towards 1.4700 zone. Near constituent hold is at 1.4300, and key hold is now located at 1.4207, only start beneath this take will take price backwards to 1.4100 zone.

AUDUSD Analysis. AUDUSD rebounded from 0.8238, suggesting that a brief constituent wheel lowermost is being formed. Further rise to re-test 0.8477 preceding broad status is now in favor. Near constituent hold is at 0.8350, as long as this take holds, we’d wait uptrend from 0.8238 to continue.

USDCAD Analysis. USDCAD has formed a brief constituent wheel lowermost at 1.0718 take on 4-hour chart and is now in brief constituent uptrend, the pullback from 1.1019 is more likely correction of uptrend. As long as 1.0718 hold holds, we would wait uptrend to uphold and one more rise towards 1.1400 is still possible.

USDJPY Analysis. USDJPY breaks beneath 93.42 preceding baritone hold and the start from 95.05 is aerated as resumption of downtrend. Deeper decline is now in favor and next direct would be at 92.75 zone. Near constituent status is at the dropping way line on 4-hour chart, as long as the way line status holds, downtrend from 95.05 will continue.

USDCHF Analysis. USDCHF breaks beneath 1.0553 support, suggesting that a brief constituent wheel crowning has been formed at 1.0714 take on 4-hour chart, and the start from 1.0714 is aerated as resumption of downtrend from 1.0883. Deeper decline is now in favor and next direct would be at 1.0450-1.0500 area. Key status is now located at 1.0714, a fortuity above this take will indicate that the downtrend from 1.0883 has completed.

Daily Forex Analysis - August 27, 2009

2009-08-27T14:12:00.004+07:00

EURUSD Analysis. EURUSD has bacilliform a brief term wheel top at 1.4375 on 4-hour chart. Deeper fall to effort 1.4200 stop is doable later today, a break down beneath this take will suggest that the uptrend from 1.4045 has complete at 1.4375 already, then further fall could be seen to study and direct is to effort 1.4045 preceding low support. Near term status is at 1.4290, and key status is at 1.4375, only uprise above this take will inform that the uptrend from 1.4145 has resumed, then further uprise towards 1.4500 is expected.

AUDUSD Analysis. AUDUSD drops sharply to as low as 0.8252 level, suggesting that a brief term wheel top has been bacilliform at 0.8428 on 4-hour chart. Deeper fall is now in favor and incoming direct is to effort 0.8155 support. Near term status is at 0.8335, as long as this take holds, downtrend from 0.8428 will continue.

GBPUSD Analysis. GBPUSD broke beneath 1.6275 stop and dropped sharply to as low as 1.6159 level. Deeper fall towards 1.6000 is ease doable in a couple of days. Near term status is at 1.6310 followed by 1.6445, as long as these levels hold, downtrend from 1.6623 will continue.

USDCAD Analysis. USDCAD failed to break beneath 1.0632 and rebounded sharply from 1.0718. The pair has bacilliform a brief term wheel bottom at 1.0718 take on 4-hour chart. Further uprise is ease doable to effort 1.1124 preceding high resistance, a break above this take will communication further feat towards 1.1400 zone. Near term stop is at 1.0925 followed by 1.0890, as long as these levels hold, uptrend from 1.0718 will continue.

USDJPY Analysis. No changed in our view, USDJPY stays in a trading range between 93.42 and 95.05. Moving oblique in this range is due in a couple of days. As long as 95.28 key status holds, we’d expect downtrend to resume and deeper fall to 90.00 zone is ease doable after consolidation.

USDCHF Analysis. USDCHF breaks above the status of the upper border of the dropping price channel. Further uprise to 1.0750 zone is expected. However, the uprise from 1.0553 is more likely correction of downtrend from 1.0883, and another fall is ease doable after correction.

Daily Forex Analysis - August 26, 2009

2009-08-26T12:33:00.002+07:00

AUDUSD Analysis. AUDUSD remains in brief term uptrend from 0.8155. Further rise to test 0.8477 previous high resistance is ease doable in a couple of days. Downtrend is due to uphold before breaking above this level, and pullback towards 1.0700 would more likely be seen. However, a break above 0.8477 resistance module declare that the uptrend from 0.7703 has resumed, then further rally is due to 0.8700 zone.

GBPUSD Analysis. GBPUSD breaks beneath 1.6375 key support, suggesting that a brief term cycle top has been formed at 1.6623 take on 4-hour chart. Now the fall from 1.6623 is treated as resumption of downtrend. Deeper decline is due to test 1.6275 previous baritone support, a break downbound beneath this take module signal further fall towards 1.6000 zone. Near term resistance is at 1.6445, as daylong as this take holds, downtrend from 1.6623 module continue.

USDCAD Analysis. USDCAD might be forming a brief term cycle bottom at 1.0718 take on 4-hour chart. Further rise is today in souvenir and target is to test 1.1124 previous high resistance. Near term hold is at 1.0718, only fall beneath this take module declare that the downtrend from 1.1124 has resumed and deeper decline to re-test 1.0632 could be seen to follow.

USDJPY Analysis. As expected, USDJPY stays in a trading range between 93.42 and 95.05. Moving oblique in this range is due in a couple of days. As daylong as 95.28 key resistance holds, we’d expect downtrend to uphold and deeper decline to 90.00 zone is ease doable after consolidation.

EURUSD Analysis. EURUSD is forming a brief term cycle top at 1.4375 take on 4-hour chart. Range trading between 1.4200 and 1.4375 is due in a couple of days. Key hold is located at 1.4200, beneath this take module indicate that the brief term uptrend from 1.4045 has completed at 1.4375 take already, then deeper decline could be seen to test 1.4045 support.

USDCHF Analysis. USDCHF remains in downtrend from 1.0883 and the rebound from 1.0553 is treated as compounding of downtrend. Further rise towards the upper border of the falling price channel is due in a couple of days. As daylong as the channel resistance holds, we would expect downtrend to uphold and another fall towards 1.0500 is ease doable after consolidation.

Daily Forex Analysis - August 25, 2009

2009-08-25T11:03:00.004+07:00

GBPUSD Analysis. GBPUSD unsuccessful to test 1.6663 status and fell down from 1.6623 level. The pair is forming a short constituent wheel top on 4-hour chart, key support is settled at 1.6375, a fortuity below this take module confirm the wheel top, and signal deeper decline to re-test 1.6275 previous baritone support. attorney status remains at 1.6663, exclusive rise above this take module declare that the downtrend from 1.7042 has completed at 1.6275 take already, then boost rally could be seen to 1.6800-1.6850 area.

USDCAD Analysis. USDCAD’s short constituent downtrend from 1.1124 extends boost to as baritone as 1.0725 level. Deeper decline is still doable alter today and direct is at 1.0650-1.0700 area. Near constituent status is at 1.0805 followed by 1.0865, as long as these levels hold, downtrend module continue.

USDJPY Analysis. Being contained by 95.28 resistance, USDJPY drops from 95.05 level. The pair strength be forming a short constituent wheel top on 4-hour chart. Consolidation between 93.42 and 95.05 is due in a couple of day, and deeper decline to 90.00 regularize could be seen after consolidation.

EURUSD Analysis. EURUSD remains in uptrend from 1.4045 and the start from 1.4375 is aerated as consolidation of uptrend. Further rise to test 1.4447 previous broad status is still doable after consolidation. attorney support is now settled at 1.4200, exclusive start below this take module indicate that a short constituent wheel top has been formed at 1.4375 take and the uptrend from 1.4145 has completed, then the fallowing downtrend module take toll back to re-test 1.4045 support.

USDCHF Analysis. USDCHF rebounded from 1.0553 level. Range trading between 1.0553 and 1.0650 is due in a couple of days. attorney status is at the upper border of the falling toll channel on 4-hour chart. As long as channel status holds, we’d expect downtrend from 1.0883 to resume and another start is still possible.

AUDUSD Analysis. AUDUSD remains in short constituent uptrend from 0.8155. Further rise to test 0.8477 previous broad status is still doable later today. As long as this take holds, we’d expect downtrend to resume, and pullback towards 1.0700 is possible. However, a fortuity above 0.8477 previous broad status module declare that the uptrend from 0.7703 has resumed, then boost rally could be seen to 0.8700 zone.