Short Term Analysis – May 31, 2007

by ForexCycle.com | May 31, 2007 01:08
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

by ForexCycle.com | May 30, 2007 00:06
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

by ForexCycle.com | May 29, 2007 01:11
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

by ForexCycle.com | May 28, 2007 00:07
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

by ForexCycle.com | May 25, 2007 01:07
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...

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...