Short Term Analysis – December 22, 2006

by ForexCycle.com | December 22, 2006 01:52
EURUSD EURUSD is forming a sideways consolidation in a range between 1.3051 and 1.3364. Key resistance is now at 1.3244, further rise towards 1.3364 can be expected after breaking above the key resistance. Near term support is...

Short Term Analysis – December 21, 2006

by ForexCycle.com | December 21, 2006 01:29
USDCAD USDCAD topped at 1.1587 on 4 hours chart, and further fall towards 1.1400 level can be expected in a couple of days. Key resistance is at 1.1587, only break above this level may signal the resumption...

Short Term Analysis – December 20, 2006

by ForexCycle.com | December 20, 2006 01:14
GBPUSD The resistance at 1.9578 is broken above, GBPUSD bottomed at 1.9433 on 4 hours chart, and further rise towards 1.9846 previous high is possible later today. Near term support is now at 1.9433, only break below...

Short Term Analysis – December 19, 2006

by ForexCycle.com | December 19, 2006 02:00
GBPUSD Previous low support at 1.9463 is broken below, GBPUSD is now in down trend, and further fall towards 1.9350 level is still possible in the next several day. Near term resistance is at 1.9578, as long...

Short Term Analysis – December 18, 2006

by ForexCycle.com | December 18, 2006 02:15
USDJPY USDJPY is in up trend and further rise towards 118.58 precious high to reach the next cycle top on 4 hours chart is still possible later today. The next cycle top is nearing. Key support is...

Short Term Analysis – December 15, 2006

by ForexCycle.com | December 15, 2006 01:14
USDJPY USDJPY is moving higher to reach the next cycle top on 4 hours chart, and the cycle top would be coming soon. Near term support is at the up trend line, and key support is at...

Short Term Analysis – December 14, 2006

by ForexCycle.com | December 14, 2006 03:17
GBPUSD GBPUSD is bottoming at 1.9463 on 4 hours chart, key resistance is at 1.9728, a break above this level may confirm the cycle bottom, and further rise towards 1.9846 previous high is still possible in next...

Short Term Analysis – December 13, 2006

by ForexCycle.com | December 13, 2006 01:17
GBPUSD GBPUSD is testing the key resistance at 1.9728, a break above this level may label the cycle bottom at 1.9463 on 4 hours chart, and further rise above 1.9846 previous high is possible in the next...

Short Term Analysis – December 12, 2006

by ForexCycle.com | December 12, 2006 01:46
GBPUSD GBPUSD rebound from 1.9463, slightly above 38.2% retracement of 1.8834 to 1.9046. The pair may be bottoming on 4 hours chart, key resistance is at 1.9728, and a break above this level may confirm the cycle...

Short Term Analysis – December 11, 2006

by ForexCycle.com | December 11, 2006 07:53
USDJPY USDJPY is moving higher to test the price channel resistance at 117.00, and down trend would resume after touching this level. On the other side, if 117.00 gives way, more sharply rise towards 117.50 can be...