Short Term Analysis – October 15, 2007

by ForexCycle.com | October 15, 2007 02:05
GBPUSDAs expected, GBPUSD broke below 2.0255 previous low, further fall towards 2.0200 area to reach the next cycle bottom on 4 hours chart is still possible in the next several days. Key resistance is at 2.0492, a...

Short Term Analysis – October 12, 2007

by ForexCycle.com | October 12, 2007 02:03
USDCHFUSDCHF topped at 1.1891 on 4 hours chart. Further fall towards 1.1622 previous low can be seen in the next several days. Near term resistance is at 1.1891, only rise above this level will signal the resumption...

Short Term Analysis – October 11, 2007

by ForexCycle.com | October 11, 2007 01:37
USDCHFUSDCHF might be topping at 1.1891 on 4 hours chart, key support is at 1.1785, a break below this level will confirm the cycle top, and further fall towards 1.1622 is expected to follow. Near term resistance...

Short Term Analysis – October 10, 2007

by ForexCycle.com | October 10, 2007 03:30
USDCHF is in down trend. The rise from 1.1622 is treated as consolidation to the down trend. Further rise towards 1.1900 area to reach the next cycle top on daily chart is still possible in a couple...

Short Term Analysis – October 9, 2007

by ForexCycle.com | October 9, 2007 02:31
AUDUSDAUDUSD is in up trend, the rise from 0.7675 (Aug 17 low) extended to as high as 0.9032. The fall from 0.9032 is treated as correction to the up trend, and pull back towards 0.8800 to reach...

Short Term Analysis – October 8, 2007

by ForexCycle.com | October 8, 2007 01:12
GBPUSDGBPUSD bottomed at 2.0278 on 4 hours chart. Sideways consolidation in a range between 2.0278 and 2.0492 will more likely be seen in the next several days. Up trend will resume after consolidation, and rise towards 2.0600...

Short Term Analysis – October 5, 2007

by ForexCycle.com | October 5, 2007 01:09
GBPUSDGBPUSD is bottomed at 2.0278 on 4 hours chart. Rise towards 2.0600 area is expected, and a break above 2.0492 previous high will signal the resumption of the up trend. Near term support is at 2.0278, only...

Short Term Analysis – October 4, 2007

by ForexCycle.com | October 4, 2007 01:46
EURUSDEURUSD broke below the up trend line from 1.3550 (Sep 4 low) to 1.3827 (Sep 18 low) and topped at 1.4281 on 4 hours chart. Further pullback towards 1.4050 to reach the next cycle bottom is still...

Short Term Analysis – October 3, 2007

by ForexCycle.com | October 3, 2007 01:13
USDCHF is in down trend. The rise from 1.1622 is treated as consolidation to the up trend. Further rise towards 1.1850 area to reach the next cycle top on daily chart is still possible in the next...

Short Term Analysis – October 2, 2007

by ForexCycle.com | October 2, 2007 01:49
EURUSDEURUSD is forming a short term cycle top at 1.4281 on 4 hours chart. Further pullback towards the up trend line from 1.3550 (Sep 4 low) to 1.3827 (Sep 18 low) is expected. However, the fall from...