Short Term Analysis – May 24, 2007

by ForexCycle.com | May 24, 2007 03:47
USDCHFAs expected, USDCHF pulled back from 1.2331 and reached as low as 1.2239, further fall towards the up trend line from 1.2004 to 1.2125 to reach the next cycle bottom on 4 hours chart is still possible...

Short Term Analysis – May 23, 2007

by ForexCycle.com | May 23, 2007 00:40
USDCHFUSDCHF is topping at 1.2331 on 4 hours chart. Further fall towards 1.2250 to reach the next cycle bottom can be expected in a couple of days. However, the fall from 1.2331 is treated as consolidation to...

Short Term Analysis – May 22, 2007

by ForexCycle.com | May 22, 2007 01:21
USDCHFUSDCHF broke above the previous high resistance at 1.2282 and reached as high as 1.2331. Sideways consolidation will more likely be seen in a couple of days and pullback towards 1.2250 can be expected. Near term resistance...

Short Term Analysis – May 21, 2007

by ForexCycle.com | May 21, 2007 02:21
USDCHFAs expected, USDCHF broke above 1.2282 previous high resistance, slightly correction will more likely be seen, and pullback towards 1.2230 can be expected in a couple of days. Key support is at the bottom of the price...

Short Term Analysis – May 18, 2007

by ForexCycle.com | May 18, 2007 01:36
EURUSDEURUSD is in down trend. Further fall towards 1.3350 can be seen, and a break below 1.3461 previous low will confirm such case. Near term resistance is at 1.3609, only break above this level will delay the...

Short Term Analysis – May 17, 2007

by ForexCycle.com | May 17, 2007 00:33
USDCHFUSDCHF broke above 1.2223 and bottomed at 1.2125 on 4 hours chart. Near term support is at the bottom of the price channel, and key support is at 1.2125, only break below the key support will signal...

Short Term Analysis – May 16, 2007

by ForexCycle.com | May 16, 2007 00:54
GBPUSDGBPUSD broke above previous high resistance at 1.9846, lengthy consolidation can be expected, and further rise to the down trend line from 2.0073 to 1.9999 to reach the next cycle top on 4 hurs chart is still...

Short Term Analysis – May 15, 2007

by ForexCycle.com | May 15, 2007 00:38
USDCADUSDCAD broke below the up trend line support, further fall to test the previous low support at 1.1004 is sill possible later today, and a break below this level will signal the resumption of the down trend....

Short Term Analysis – May 14, 2007

by ForexCycle.com | May 14, 2007 01:01
USDCADUSDCAD bottomed at 1.004 on 4 hours chart. The rise from 1.1004 extended to as high as 1.1167, and the key resistance at 1.1142 is broken above. The pair is now in up trend, and further rise...

Short Term Analysis – May 11, 2007

by ForexCycle.com | May 11, 2007 00:47
AUDUSD AUDUSD topped at 0.8334 on 4 hours chart, further fall towards 0.8170 previous low can be expected in a couple of days. The pair in a sideways consolidation to the up trend and will move without...