Posts Tagged ‘Continued’
USDCHF continued its downward move from 0.9594, and the fall extended to as low as 0.9411. Further fall to test the support of the upward trend line from 0.9066 to 0.9304 is expected later today, as long as the trend line support holds, the price action from 0.9594 is treated as consolidation of uptrend from [...]
AUDUSD continued its downward move yesterday, and the fall extended to as low as 0.9663. Resistance remains at he downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue after a minor consolidation, and next target would be at 0.9600 area, only a clear break [...]
AUDUSD continued its downward movement from 1.0764, and the fall extended to as low as 1.0019. Further fall towards 0.9927 (Aug 9 low) is still possible after a minor consolidation. Resistance is at the downtrend line on 4-hour chart, only a clear break above the trend line could indicate that the fall from 1.0764 is [...]
AUDUSD continued its downward movement from 1.0764, and the fall extended to as low as 1.0019. Further fall towards 0.9927 (Aug 9 low) is still possible after a minor consolidation. Resistance is at the downtrend line on 4-hour chart, only a clear break above the trend line could indicate that the fall from 1.0764 is [...]
AUDUSD continued its downward movement from 1.0764, and the fall extended to as low as 1.0019. Further fall towards 0.9927 (Aug 9 low) is still possible after a minor consolidation. Resistance is at the downtrend line on 4-hour chart, only a clear break above the trend line could indicate that the fall from 1.0764 is [...]
USDJPY continued its downward movement, and the fall extended to as low as 76.70. Further fall to test 76.29 previous low support could be seen later today, a breakdown below this level will indicate that the long term downtrend has resumed, then next target would be at 74.00 zone, however, rebound is possible before breaking [...]
EURUSD continued its downward move from 1.4696, and the fall extended further to as low as 1.4073, the subsequent bounce could be treated as consolidation of downtrend. Resistance is at 1.4300, as long as this level holds, we’d expect downtrend to resume, and another fall to test 1.3969 support is possible. However, a break above [...]
The New Zealand Dollar continues to defy gravity.
The currency known also as the kiwi is gaining on expectation that commodities will continue their overall uptrend. Benefiting from both economic and geographic ties to China, the New Zealand economy is benefiting from the “risk on” psychology of seeking higher-yielding assets.
It seems that there’s nothing but blue [...]
AUDUSD continued its sideways movement 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 0.9832, a breakdown below this level could trigger another fall to 0.9600 area. Key resistance is at 1.0076, above this level will indicate that the long [...]
Price action on EUR/USD (a daily chart of which is shown) as of Friday (1/07/2011) on the heels of the Non-Farm Payrolls report dropped to a low of 1.2934, establishing a new 3-month low, before rebounding back up to waver around the key 1.3000 psychological support/resistance area. This occurs at the tail-end of a very [...]
