Short Term Analysis – June 7, 2007
GBPUSDNo changed in our view, GBPUSD is in correction to the down trend, the rise from 1.9676 extended to as high as 1.9967, further rise towards 1.9999 previous high to reach the next cycle top on 4...
Author: ForexCycle.com
Short Term Analysis – June 6, 2007
GBPUSDGBPUSD is in consolidation to the down trend. The rise from 1.9676 extended to as high as 1.9967, further rise towards 2.0050 to reach the next cycle top on 4 hours chart can be expected. Near term...
Short Term Analysis – June 5, 2007
USDJPYUSDJPY failed to test the previous high resistance at 122.18 (Jan 29 high), the rise from 115.15 (Mar 5 low) reached 122.43 only, 3 points from 122.18. Short term top is formed, pullback towards the up trend...
Short Term Analysis – June 4, 2007
USDJPYUSDJPY is testing the previous high resistance at 122.18 (Jan 29 high), short term top will be formed and sideways consolidation will more likely be seen. Near term support is at 121.44, a break below this level...
Short Term Analysis – June 1, 2007
USDJPYAs expected, USDJPY broke above 121.87 previous high. Further rise towards 122.18 (Jan 29 high) can be seen in a couple of days. Near term support is at the up trend line from 117.59 (Apr 19 low)...
Short Term Analysis – May 31, 2007
EURUSDEURUSD broke below 1.3411 previous low and down trend resumed. Further fall towards 1.3300 area can be expected. Near term resistance is at the down trend line from 1.3609 to 1.3519, only break above the trend line...
Short Term Analysis – May 30, 2007
USDCADUSDCAD is in down trend. The fall from 1.1167 extended to as low as 1.0709, and further fall towards 1.0600 is still possible in a couple of days. Near term resistance is at the down trend line...
Short Term Analysis – May 29, 2007
GBPUSDNo changed in our view, GBPUSD is in correction to the down trend. Further rise above 1.9895 previous high to reach the next cycle top on 4 hours chart is still possible in a couple of days....
Short Term Analysis – May 28, 2007
USDJPYUSDJPY is bottoming at 120.85 on 4 hours chart, key resistance is at 121.87 previous high, a break above this level will confirm the cycle bottom, and further rise towards 122.18 (Jan 29 high) can be seen...
Short Term Analysis – May 25, 2007
GBPUSDGBPUSD is in correction to the down trend. Further rise towards 1.9999 to reach the next cycle top on 4 hours chart can be expected and a break above 1.9895 will confirm such case. Near term support...