USDJPY Analysis.
USDJPY remains in downtrend from 97.78 and the price action from 93.67 is treated as consolidation of downtrend. Deeper decline is still possible later today, next target would be at 93.25 zone, and a break below 93.67 will signal resumption of downtrend. Near term resistance is at 94.55, as long as this level holds, downtrend will continue. However a break above 94.55 level will suggest that a short term cycle bottom has been formed on 4-hour chart, then further rise could be seen to 95.00 zone.
GBPUSD Analysis.
GBPUSD trades in range between 1.6275 and 1.6663. The price action in the trading range is more likely consolidation of downtrend from 1.7042. Deeper decline to 1.6000 zone is still possible after consolidation. Key resistance is located at 1.6663, only rise above this level will indicate that the fall from 1.7042 has completed at 1.6275 level already.
EURUSD Analysis.
EURUSD consolidates in a range between 1.4045 and 1.4327. As long as 1.4327 resistance holds, we’d expect downtrend to resume and another fall towards 1.3800 zone is possible after consolidation. However, a break above 1.4327 key resistance will indicate that the uptrend from 1.3748 (June 16 low) has resumed, then one more rise above 1.4447 could be seen.
USDCHF Analysis.
USDCHF stays in a trading range between 1.0562 and 1.1021. The price action in this range is treated as consolidation of downtrend from 1.1963 (Mar 12 high), one more rise towards 1.1000 zone to complete the consolidation would more likely be seen.
USDCAD Analysis.
USDCAD breaks below the support of the rising trend line from 1.0632 to 1.0795. Deeper decline to test 1.0795 could be seen later today. However, the price action from 1.1075 is treated as consolidation of uptrend from 1.0632, further rise towards 1.1400 is possible after consolidation.
AUDUSD Analysis.
No changed in our view, AUDUSD is in short term downtrend from 0.8477 and the rebound from 0.8155 is treated as consolidation of downtrend. Deeper decline is still possible to 0.7900 zone after consolidation. Key resistance is at 0.8477, only rise above this level will suggest that the uptrend from 0.7703 has resumed, then further rally could be seen to 0.8700 zone.
Friday, August 21, 2009
Wednesday, August 19, 2009
Daily Forex Analysis - August 19, 2009
GBPUSD Analysis.
GBPUSD rebounds from 1.6275 and the rise extends to as high as 1.6592 level. Further rally to test 1.6663 previous high resistance is still possible later today. As long as this level holds, we’d expect downtrend to resume and deeper decline to 1.6000 zone is possible. However a break above 1.6663 level will indicate that the downtrend from 1.7042 has completed, then the following uptrend could take price back to re-test 1.7042 resistance.
EURUSD Analysis.
After breaking below 1.4086 support, EURUSD moves sideways and trades in a narrow range between 1.4045 and 1.4148. Further rise to 1.4250 zone to reach the next short term cycle top on 4-hour chart could be seen in a couple of days. However, the rise from 1.4045 is treated as consolidation of downtrend, as long as 1.4327 key resistance holds, we’d expect downtrend to resume and deeper decline to 1.3800 is still possible.
USDCHF Analysis.
USDCHF trades in a range between 1.0670 and 1.0883. Moving sideways without trend in this range is expected in a couple of days. As long as 1.0670 support holds, we’d expect uptrend to resume and one more rise to test 1.0883 is still possible.
USDCAD Analysis.
After breaking above 1.1075 resistance, USDCAD pulls back from 1.1124 level. However, the fall from 1.1124 is more likely consolidation of uptrend. Range trading between 1.0950 and 1.1124 is expected in a couple of days. Key support is at the rising trend line from 1.0632 to 1.0795, as long as the trend line support holds, uptrend will continue.
USDJPY Analysis.
USDJPY remains in downtrend from 97.78 and the rebound from 94.20 is treated as consolidation of downtrend. Deeper decline is still possible to 93.50-94.00 area after consolidation. Key resistance is now located at 95.28, only break above this level will indicate that a short term cycle bottom has been formed at 94.20 level on 4-hour chart, then further rally could be seen to 95.70 zone.
AUDUSD Analysis.
After touching 0.8180 support, AUDUSD rebounds from 0.8155 level. However, the rise from 0.8155 is more likely consolidation of downtrend. Deeper decline is still possible to 0.7900 zone after consolidation. Near term resistance is at 0.8330 and key resistance is at 0.8477.
GBPUSD rebounds from 1.6275 and the rise extends to as high as 1.6592 level. Further rally to test 1.6663 previous high resistance is still possible later today. As long as this level holds, we’d expect downtrend to resume and deeper decline to 1.6000 zone is possible. However a break above 1.6663 level will indicate that the downtrend from 1.7042 has completed, then the following uptrend could take price back to re-test 1.7042 resistance.
EURUSD Analysis.
After breaking below 1.4086 support, EURUSD moves sideways and trades in a narrow range between 1.4045 and 1.4148. Further rise to 1.4250 zone to reach the next short term cycle top on 4-hour chart could be seen in a couple of days. However, the rise from 1.4045 is treated as consolidation of downtrend, as long as 1.4327 key resistance holds, we’d expect downtrend to resume and deeper decline to 1.3800 is still possible.
USDCHF Analysis.
USDCHF trades in a range between 1.0670 and 1.0883. Moving sideways without trend in this range is expected in a couple of days. As long as 1.0670 support holds, we’d expect uptrend to resume and one more rise to test 1.0883 is still possible.
USDCAD Analysis.
After breaking above 1.1075 resistance, USDCAD pulls back from 1.1124 level. However, the fall from 1.1124 is more likely consolidation of uptrend. Range trading between 1.0950 and 1.1124 is expected in a couple of days. Key support is at the rising trend line from 1.0632 to 1.0795, as long as the trend line support holds, uptrend will continue.
USDJPY Analysis.
USDJPY remains in downtrend from 97.78 and the rebound from 94.20 is treated as consolidation of downtrend. Deeper decline is still possible to 93.50-94.00 area after consolidation. Key resistance is now located at 95.28, only break above this level will indicate that a short term cycle bottom has been formed at 94.20 level on 4-hour chart, then further rally could be seen to 95.70 zone.
AUDUSD Analysis.
After touching 0.8180 support, AUDUSD rebounds from 0.8155 level. However, the rise from 0.8155 is more likely consolidation of downtrend. Deeper decline is still possible to 0.7900 zone after consolidation. Near term resistance is at 0.8330 and key resistance is at 0.8477.
Tuesday, August 18, 2009
Daily Forex Analysis - August 18, 2009
EURUSD Analysis.
EURUSD breaks below 1.4086 support, suggesting that the uptrend from 1.3748 (June 16 low) has completed at 1.4447 level already. Deeper decline is now in favor and target would be at 1.3800 zone. Now the pair is in short term downtrend from 1.4327, as long as 1.4150 resistance holds, we’d expect downtrend to continue. However, above 1.4150 level will take price back to 1.4200-1.4250 area to reach the next cycle top on 4-hour chart.
GBPUSD Analysis.
GBPUSD breaks below 1.6391 and drops sharply to as low as 1.6275 level. Deeper decline is now in favor and target would be at 1.6000 zone. Near term resistance is at 1.6430, as long as this level holds, downtrend from 1.6663 will continue. However, above 1.6430 level will signal further rally to 1.6550 level.
USDCHF Analysis.
USDCHF’s rise from 1.0670 extends to 1.0834 level only. Range trading between 1.0730 and 1.0834 would more likely be seen in a couple of days. As long as 1.0670 support holds, we’d expect uptrend to resume and one more rise to test 1.0883 is still possible.
USDCAD Analysis.
USDCAD breaks above 1.1075 previous high resistance, suggesting that a short term cycle bottom has been formed at 1.0795 level on 4-hour chart. Further rise to 1.1400-1.1450 area is expected in next several days. Near term support is at 1.0950, and key support is now at the rising trend line from 1.0632 to 1.0795, as long as the trend line support holds, uptrend will continue.
USDJPY Analysis.
USDJPY breaks below 94.36 support, suggesting that the fall from 97.78 is resumption of medium term downtrend from 101.43 (Apr 6 high). Deeper decline is expected to 93.50 in a couple of days. Near term resistance is at 95.15, as long as this level holds, short term downtrend from 97.78 will continue.
AUDUSD Analysis.
AUDUSD breaks below 0.8180 support, suggesting that the uptrend from 0.7703 has completed at 0.8477 level already. Further fall is still possible to 0.7900 zone in next several days. Near term resistance is at 0.8280 followed by 0.8330.
Daily Forex Signals
EURUSD breaks below 1.4086 support, suggesting that the uptrend from 1.3748 (June 16 low) has completed at 1.4447 level already. Deeper decline is now in favor and target would be at 1.3800 zone. Now the pair is in short term downtrend from 1.4327, as long as 1.4150 resistance holds, we’d expect downtrend to continue. However, above 1.4150 level will take price back to 1.4200-1.4250 area to reach the next cycle top on 4-hour chart.
GBPUSD Analysis.
GBPUSD breaks below 1.6391 and drops sharply to as low as 1.6275 level. Deeper decline is now in favor and target would be at 1.6000 zone. Near term resistance is at 1.6430, as long as this level holds, downtrend from 1.6663 will continue. However, above 1.6430 level will signal further rally to 1.6550 level.
USDCHF Analysis.
USDCHF’s rise from 1.0670 extends to 1.0834 level only. Range trading between 1.0730 and 1.0834 would more likely be seen in a couple of days. As long as 1.0670 support holds, we’d expect uptrend to resume and one more rise to test 1.0883 is still possible.
USDCAD Analysis.
USDCAD breaks above 1.1075 previous high resistance, suggesting that a short term cycle bottom has been formed at 1.0795 level on 4-hour chart. Further rise to 1.1400-1.1450 area is expected in next several days. Near term support is at 1.0950, and key support is now at the rising trend line from 1.0632 to 1.0795, as long as the trend line support holds, uptrend will continue.
USDJPY Analysis.
USDJPY breaks below 94.36 support, suggesting that the fall from 97.78 is resumption of medium term downtrend from 101.43 (Apr 6 high). Deeper decline is expected to 93.50 in a couple of days. Near term resistance is at 95.15, as long as this level holds, short term downtrend from 97.78 will continue.
AUDUSD Analysis.
AUDUSD breaks below 0.8180 support, suggesting that the uptrend from 0.7703 has completed at 0.8477 level already. Further fall is still possible to 0.7900 zone in next several days. Near term resistance is at 0.8280 followed by 0.8330.
Daily Forex Signals
Friday, August 14, 2009
GBPUSD has formed a short term cycle bottom
GBPUSD has formed a short term cycle bottom at 1.6391 level on 4-hour chart. Further rise is expected later today and target would be at 1.6750 zone. Near term support is at 1.6391, below this level will suggest that the downtrend from 1.7042 has resumed, then deeper decline could be seen to 1.6000 level.
Forex Signal
Forex Signal
Thursday, August 13, 2009
EURUSD rebounds from 1.4086
After breaking below the support of the up trend line from 1.3832 to 1.4007, EURUSD rebounds from 1.4086 and breaks above 1.4218 key resistance, suggesting that a short term cycle bottom has been formed at 1.4086 level on 4-hour chart. Range trading between 1.4086 and 1.4350 is expected in a couple of days. However, the rise from 1.4086 is more likely consolidation of downtrend from 1.4447, deeper decline to 1.3900 zone is still possible after consolidation.
Daily Forex Signals
Daily Forex Signals
Monday, August 10, 2009
AUDUSD is testing the support of the lower border of the rising price channel
AUDUSD is testing the support of the lower border of the rising price channel, as long as channel support holds, we would expect uptrend to resume, and one more rise above 0.8469 is still possible in a couple of days. However, a clear break below the channel support will indicate that the uptrend from 0.7703 has completed at 0.8469 level already, then the follow downtrend will take price back to 0.8000 zone. Daily Forex Signals.
Friday, August 07, 2009
EURUSD remains in uptrend from 1.4007
EURUSD remains in uptrend from 1.4007 and the price action from 1.4444 is treated as consolidation of uptrend. Near term support is now at 1.4250, as long as this level holds, we’d expect the uptrend to resume and further rise towards 1.4600 is still possible after consolidation . However, below 1.4250 level will indicate that a short term cycle top has been formed at 1.4447, then deeper decline could be seen to 1.4150 zone. More Forex Signal
Thursday, August 06, 2009
USDCAD drops from 1.0783
Being contained by the falling trend line from 1.1113 to 1.0933, USDCAD drops from 1.0783, suggesting that a short term cycle top is being formed on 4-hour chart. Deeper decline is expected to test 1.0632 previous low support later today, a break down below this level will confirm the cycle top and signal deeper decline to 1.0500 zone. Near term resistance is at the falling trend line now at 1.0765, above this level will indicate that lengthier consolidation of downtrend is underway.
Daily Forex Signal
Daily Forex Signal
Sunday, August 02, 2009
AUDUSD remains in uptrend from 0.6248
AUDUSD remains in uptrend from 0.6248, and the rise extends to as high as 0.8365 level. Further rally to 0.8500 zone to reach the next cycle top is still possible next week. Near term support is at 0.8100, as long as this level holds, the uptrend from 0.7703 will continue, however, below this level will suggest that a cycle top has been formed on daily chart, then pullback to 0.7800 -0.7900 area could be seen to follow.
For long term analysis, AUDUSD has formed a cycle bottom at 0.6008 (2008 low) level on monthly chart. Further rise to 0.8300-0.8500 area is still possible.
Weekly Forex Analysis
For long term analysis, AUDUSD has formed a cycle bottom at 0.6008 (2008 low) level on monthly chart. Further rise to 0.8300-0.8500 area is still possible.
Weekly Forex Analysis
Friday, October 12, 2007
The Many Faces of the Payday Loan
There are many avenues a consumer can use to obtain a loan, each with both advantages and disadvantages. As far as the pay day loan is concerned, they are available both online and in traditional brick and mortar stores, both of which are easily found. While the gist of the loan is the same regardless of where you go, there are inherent differences in each method.
Most brick and mortar payday loan stores take your information on the spot and when you are approved, the money is given to you while you are there. The only drawback is that you may have to wait in line, whereas with online loans, this is not the case. Many people look down on the payday loan, but the fact is that these companies provide an invaluable service and provide many jobs in the community and help people out in many ways by offering many other financial services as well as the payday loans themselves.
Most often, people use the money from their payday loans for everyday expenses, but more and more savvy consumers are using this money for investments for their future. Money market accounts, CD’s, and penny stocks are just a few of the possible investment opportunities available to those who wish to start saving for the future. Payday loans can truly open up an all new dynamic for your financial future.
Most brick and mortar payday loan stores take your information on the spot and when you are approved, the money is given to you while you are there. The only drawback is that you may have to wait in line, whereas with online loans, this is not the case. Many people look down on the payday loan, but the fact is that these companies provide an invaluable service and provide many jobs in the community and help people out in many ways by offering many other financial services as well as the payday loans themselves.
Most often, people use the money from their payday loans for everyday expenses, but more and more savvy consumers are using this money for investments for their future. Money market accounts, CD’s, and penny stocks are just a few of the possible investment opportunities available to those who wish to start saving for the future. Payday loans can truly open up an all new dynamic for your financial future.
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