Short Term Analysis – June 15, 2007

by ForexCycle.com | June 15, 2007 01:26
USDCADUSDCAD is in consolidation to the down trend. Further fall towards 1.0400 can be seen after consolidation, and a break below 1.0645 key support will signal the resumption of the down trend. Near term resistance is at...

Short Term Analysis – June 14, 2007

by ForexCycle.com | June 14, 2007 02:57
EURUSDEURUSD is in down trend, the fall from 1.3553 extended to as low as 1.3263. More sharply fall towards 1.3200 to reach the next cycle bottom on 4 hours chart is still possible in a couple of...

Short Term Analysis – June 13, 2007

by ForexCycle.com | June 13, 2007 00:36
EURUSDAs expected, EURUSD broke below 1.3320 previous low and down trend resumed. More sharply fall towards 1.3200 to reach the next cycle bottom on 4 hours chart is still possible in a couple of days. Key resistance...

Short Term Analysis – June 12, 2007

by ForexCycle.com | June 12, 2007 00:29
GBPUSDGBPUSD is in down trend, the rise from 1.9622 is treated as consolidation to the down trend. More sharply fall towards 1.9500 can still be expected in a couple of days. Near term resistance is at 1.9755,...

Short Term Analysis – June 11, 2007

by ForexCycle.com | June 11, 2007 00:14
USDCADUSDCAD is in down trend, the rise from 1.0548 is treated as consolidation to the down trend. The pair is topping at 1.0712 on 4 hours chart, key support is at 1.0548 previous low, a break below...

Short Term Analysis – June 8, 2007

by ForexCycle.com | June 8, 2007 01:42
GBPUSDGBPUSD broke below the up trend line from 1.9676 to 1.9733 and topped at 1.9967. The correction from 1.9676 completed and down trend resumed. Further fall towards 1.9676 previous low can be expected in a couple of...

Short Term Analysis – June 7, 2007

by ForexCycle.com | June 7, 2007 01:10
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...

Short Term Analysis – June 6, 2007

by ForexCycle.com | June 6, 2007 00:57
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

by ForexCycle.com | June 5, 2007 01:24
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

by ForexCycle.com | June 4, 2007 02:40
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...