Long Term Forex Analysis
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AUDUSD breaks above 0.9541 previous high
Sat, May 17 2008, 10:25 GMT
by Franco Shao
AUDUSD breaks above 0.9541 previous high and up trend from 0.8953 resumes. Further rise to 1.0000 is now in favor. Initial support is at the up trend line and followed by 0.9275, as long as 0.9275 support holds, up trend will continue.
For long term analysis, AUDUSD broke above 0.9496 previous high and is back to long term up trend. Further rise to 1.0500 level is expected.
Published on Sat, May 17 2008, 10:32 GMT
Archive
- EURUSD moved without trend in a range
Published On Sun, Nov 30 2008, 03:35 GMT - USDJPY trades in range between 90.92 and 100.54
Published On Sat, Nov 22 2008, 13:19 GMT - GBPUSD stays below the down trend line
Published On Sat, Nov 15 2008, 06:19 GMT - AUDUSD formed a cycle top at 0.7014
Published On Thu, Nov 13 2008, 02:33 GMT - EURUSD traded in a range between 1.2329 and 1.3290
Published On Sat, Nov 8 2008, 14:21 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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