Short Term Analysis – February 9, 2007

by ForexCycle.com | February 9, 2007 02:03
USDJPY The down trend line from 122.17 to 121.34 is broken above, USDJPY bottomed at 119.94 on 4 hours chart, and the correction from 122.17 ended at 119.94. Further rise towards 122.00 is possible in the next...

Short Term Analysis – February 8, 2007

by ForexCycle.com | February 8, 2007 00:33
USDJPY USDJPY is bottoming on 4 hours chart and is testing the down trend line resistance, a break and close above the trend line will confirm the cycle bottom. Near term resistance is at the down trend...

Short Term Analysis – February 7, 2007

by ForexCycle.com | February 7, 2007 01:39
USDJPY USDJPY is in down trend, further fall towards 119.50 to reach the next cycle bottom on 4 hours chart can be expected in a couple of days. Near term resistance is at the down trend line...

Short Term Analysis – February 6, 2007

by ForexCycle.com | February 6, 2007 04:15
USDCHF No change in our view, USDCHF will form a sideways consolidation in a range between 1.2374 and 1.2571. Key support is at 1.2374, break below this level indicate medium term bearish movement is underway, and fall...

Short Term Analysis – February 5, 2007

by ForexCycle.com | February 5, 2007 02:49
USDCHF USDCHF failed to test the key support at 1.2374 and rebound from 1.2382. It will form a sideways consolidation in a range between 1.2374 and 1.2571. Key support is at 1.2374, break below this level indicate...

Short Term Analysis – February 2, 2007

by ForexCycle.com | February 2, 2007 02:45
EURUSD Key resistance at 1.3042 is broken above, EURUSD is now in up trend, and further rise towards 1.3100 can be expected later today. Near term support is at 1.2980 level and followed by the up trend...

Short Term Analysis – February 1, 2007

by ForexCycle.com | February 1, 2007 02:21
EURUSD EURUSD is testing the previous high resistance at 1.3042, break above this level may signal the resumption of the up trend, and more sharply rise towards 1.3364 (the day high of Dec 8, 2006) can be...

Short Term Analysis – January 31, 2007

by ForexCycle.com | January 31, 2007 01:30
EURUSD EURUSD will form a sideways consolidation in a range between 1.2876 and 1.3042. A break below 1.2876 indicates the medium term bearish movement is underway, and further fall towards 1.2750 level can be expected. On the...

Short Term Analysis – January 30, 2007

by ForexCycle.com | January 30, 2007 02:25
EURUSD EURUSD broke above the down trend line resistance and bottomed at 1.2876 on 4 hours chart. The rebound from 1.2876 is treated as in correction to the down trend, further fall below 1.2876 can be expected...

Short Term Analysis – January 29, 2007

by ForexCycle.com | January 29, 2007 02:03
EURUSD EURUSD is in down trend, further fall below 1.2865 previous low is still possible later today. Near term resistance is at the down trend line, now at 1.2952. key support is at 1.2865, a break below...