Short Term Analysis – Apr 10, 2008

by ForexCycle.com | April 9, 2008 23:55
USDJPY Analysis.USDJPY is in consolidation to the up trend. Pullback to 100.50 area to reach the next short term cycle bottom on 4-hour chart is still possible. Up trend will resume after consolidation and further rise towards...

Short Term Analysis – Apr 9, 2008

by ForexCycle.com | April 9, 2008 01:07
GBPUSD Analysis.GBPUSD drops sharply from 2.0049 and breaks below 1.9730. Down trend from 2.0391 has resumed. As long as 1.9865 resistance holds, we’d expect down trend to continue and deeper decline to retest 1.9337 (Jan 22 low)...

Short Term Analysis – Apr 8, 2008

by ForexCycle.com | April 8, 2008 02:28
GBPUSD Analysis.GBPUSD is forming a sideways consolidation in a range between 1.9730 and 2.0193. As long as 2.0193 resistance holds, we’d expect down trend to resume. A break below 1.9730 level will signal the resumption of the...

Short Term Analysis – Apr 7, 2008

by ForexCycle.com | April 7, 2008 01:16
USDJPY Analysis.USDJPY broke below 101.51 support and formed a short term cycle top at 102.94 level on 4-hour chart. Deeper decline to 100.00 area to reach the next cycle bottom is still possible in a couple of...

Short Term Analysis – Apr 3, 2008

by ForexCycle.com | April 3, 2008 02:29
USDJPY Analysis.USDJPY’s up trend from 95.77 extends to as high as 102.83. Further rally to test 103.59 resistance is still possible later today. Near term support is at 101.51, as long as this support holds, we’d expect...

Short Term Analysis – Apr 2, 2008

by ForexCycle.com | April 2, 2008 02:25
USDJPY breaks above 101.03 previous high resistance and rebounds sharply to 102.15 level. Further rally to test 103.59 resistance is expected in a couple of days. Near term support is at the up trend line from 95.77...

Short Term Analysis – Apr 1, 2008

by ForexCycle.com | April 1, 2008 02:07
AUDUSD Analysis.AUDUSD broke below 0.9121 key support and formed a short term cycle top at 0.9252 level. Further fall to test 0.8953 previous low is possible in a couple of days. Key resistance is at 0.9252, as...

Short Term Analysis – Mar 31, 2008

by ForexCycle.com | March 31, 2008 02:06
EURUSD Analysis.EURUSD is testing 1.5902 previous high resistance and formed a sideways consolidation in narrow range between 1.5726 and 1.5859. As long as 1.5902 (Mar 17 low) resistance holds, pullback to retest 1.5342 previous low is expected,...

Short Term Analysis – Mar 28, 2008

by ForexCycle.com | March 28, 2008 01:08
USDCHF Analysis.USDCHF is moving to the next cycle bottom on 4-hour chart. Further fall to 0.9800 area is still possible after consolidation. Key resistance is located at 1.0113, a break of this level will confirm the cycle...

Short Term Analysis – Mar 27, 2008

by ForexCycle.com | March 27, 2008 01:59
USDCAD Analysis.Being contained by the previous high resistance at 1.0378 (Jan 22 high), USDCAD formed a short term cycle top at 1.0307 level, and the up trend from 0.9709 (Feb 28 low) might be completed at 1.0307...