Short Term Analysis – October 30, 2007

by ForexCycle.com | October 30, 2007 00:46
GBPUSDGBPUSD is testing the resistance at 2.0652 (Jul 24 high), rise above this level can be seen after a slightly consolidation. Near term support is at 2.0424, and as long as this support holds, up trend will...

Short Term Analysis – October 26, 2007

by ForexCycle.com | October 26, 2007 02:06
USDCADUSDCAD is in down trend. The fall from 1.0866 (Aug 16 high) extended to as low as 0.9612. Further fall towards 0.9400 is expected. Near term resistance is at 0.9824, as long as this resistance holds, down...

Short Term Analysis – October 25, 2007

by ForexCycle.com | October 25, 2007 02:15
USDCADUSDCAD formed a short term cycle top at 0.9824 and broke below 0.9632 previous low. Further fall towards 0.9400 is expected. Near term resistance is at 0.9824, as long as this resistance holds, down trend will continue.

Short Term Analysis – October 24, 2007

by ForexCycle.com | October 24, 2007 08:55
GBPUSD is in up trend, further rise above 2.0652 (July 24 high) to reach the next cycle top on daily chart can be seen in the next several days. Near term support is at the up trend...

Short Term Analysis – October 23, 2007

by ForexCycle.com | October 23, 2007 02:02
EURUSDEURUSD formed a short term cycle top at 1.4348, and pulled back to as low as 1.4125. Further fall towards 1.4014 previous low is still possible in a couple of days. However, the fall from 1.4348 is...

Short Term Analysis – October 22, 2007

by ForexCycle.com | October 22, 2007 01:24
EURUSDEURUSD is in up trend. The rise from 1.4014 (Oct 9 low) extended to as high as 1.4348. Further rise towards 1.4500 is still possible in the next several days. Near term support is at the up...

Short Term Analysis – October 19, 2007

by ForexCycle.com | October 19, 2007 01:29
USDCADUSDCAD is in down trend, the rebound from 0.9700 is treated as consolidation to the down trend, and further fall towards 0.9600 is still possible after consolidation. Near term resistance is at 0.9820 and followed by 0.9894,...

Short Term Analysis – October 18, 2007

by ForexCycle.com | October 18, 2007 02:21
AUDUSDAUDUSD is forming a short term cycle bottom at 0.8815. Sideways consolidation in a range between 0.8794 and 0.9077 will more likely be seen in the next several days. Key resistance is at 0.9077, a break above...

Short Term Analysis – October 17, 2007

by ForexCycle.com | October 17, 2007 02:48
USDCHF is topping at 1.1891 on daily chart. Pullback towards 1.1622 previous low is expected, and a break below this level will signal the resumption of the down trend. Near term resistance is at 1.1891, if gives...

Short Term Analysis – October 16, 2007

by ForexCycle.com | October 16, 2007 01:51
USDJPYUSDJPY is forming a short term cycle top at 117.93 on 4 hours chart, fall towards 116.00 is expected, and a break below the trend line support will confirm such case. Near term resistance is at 117.93,...