Short Term Analysis – Feb 29, 2008

by ForexCycle.com | February 29, 2008 02:21
GBPUSD Analysis.GBPUSD is in up trend. The pullback from 1.9971 is treated as consolidation to the up trend. Further rally to 2.0050 area to reach the next short term cycle top is still possible after consolidation. Key...

Short Term Analysis – Feb 28, 2008

by ForexCycle.com | February 28, 2008 03:07
EURUSD Analysis.EURUSD is in up trend and rises sharply to as high as 1.5142. Further rally to 1.5300 area to reach the next short term cycle top is still possible. Near term support is at 1.4980, as...

Short Term Analysis – Feb 27, 2008

by ForexCycle.com | February 27, 2008 03:41
As expected, EURUSD breaks above 1.4966 (23 Nov 2007 high) and reaches as high as 1.5047. Further rise to 1.5300 area to reach the next cycle top on daily chart is still possible. Near term support is...

Short Term Analysis – Feb 26, 2008

by ForexCycle.com | February 26, 2008 02:01
EURUSD Analysis.EURUSD is in up trend. The fall from 1.4861 is treated as consolidation to the up trend. Further rally to test 1.4951 previous high resistance is still possible after consolidation, and a break of 1.4861 level...

Short Term Analysis – Feb 25, 2008

by ForexCycle.com | February 25, 2008 02:24
USDJPY Analysis.USDJPY is in up trend. The fall from 108.59 is treated as in consolidation to the up trend. Further rise towards 110.00 area to reach the next short term cycle top on 4-hour chart is still...

Short Term Analysis – Feb 22, 2008

by ForexCycle.com | February 22, 2008 02:09
USDCHF Analysis.USDCHF broke below the previous low support at 1.0884 and reached as low as 1.0865 level. Further fall to test 1.0729 (Feb 1 low) could still be seen next week. Near term resistance is at 1.1031,...

Short Term Analysis – Feb 21, 2008

by ForexCycle.com | February 21, 2008 01:48
USDCAD Analysis.USDCAD is forming a short term cycle top at 1.0198 level. Sideways consolidation is expected in a couple of days. Near term resistance is at 1.0198, a break of the level will signal the resumption of...

Short Term Analysis – Feb 20, 2008

by ForexCycle.com | February 20, 2008 02:21
USDCHF is forming a cycle top at 1.1105 level on daily chart, key support is now at 1.0884 level, a break of this level will confirm the cycle top, and further fall to test the previous low...

Short Term Analysis – Feb 19, 2008

by ForexCycle.com | February 19, 2008 02:42
EURUSD Analysis.EURUSD is in up trend. The pullback from 1.4707 is treated as consolidation to the up trend. Further rise to 1.4800 area is still possible after consolidation. Near term support is at the rising price channel,...

Short Term Analysis – Feb 18, 2008

by ForexCycle.com | February 18, 2008 02:12
GBPUSD Analysis.GBPUSD formed a short term cycle top at 1.9737 on 4-hour chart. Further pullback to test the previous low support at 1.9386 is still possible in a couple of days. Near term resistance is at 1.9737,...