Short Term Analysis – Mar 31, 2008

by ForexCycle.com | March 31, 2008 02:06
EURUSD Analysis.EURUSD is testing 1.5902 previous high resistance and formed a sideways consolidation in narrow range between 1.5726 and 1.5859. As long as 1.5902 (Mar 17 low) resistance holds, pullback to retest 1.5342 previous low is expected,...

Short Term Analysis – Mar 28, 2008

by ForexCycle.com | March 28, 2008 01:08
USDCHF Analysis.USDCHF is moving to the next cycle bottom on 4-hour chart. Further fall to 0.9800 area is still possible after consolidation. Key resistance is located at 1.0113, a break of this level will confirm the cycle...

Short Term Analysis – Mar 27, 2008

by ForexCycle.com | March 27, 2008 01:59
USDCAD Analysis.Being contained by the previous high resistance at 1.0378 (Jan 22 high), USDCAD formed a short term cycle top at 1.0307 level, and the up trend from 0.9709 (Feb 28 low) might be completed at 1.0307...

Short Term Analysis – Mar 26, 2008

by ForexCycle.com | March 26, 2008 02:34
EURUSD rebounded sharply from 1.5342 and formed a short term cycle bottom on 4-hour chart. Further rally to 1.5800 area to reach the next cycle top is still possible in the next several days. However, the rise...

Short Term Analysis – Mar 25, 2008

by ForexCycle.com | March 25, 2008 02:06
GBPUSD Analysis.Being contained by the previous low support at 1.9720, GBPUSD formed a short term cycle bottom at 1.9736 level. The pair is in consolidation to the down trend. Deeper decline is still possible after consolidation, and...

Short Term Analysis – Mar 24, 2008

by ForexCycle.com | March 24, 2008 00:36
EURUSD Analysis.EURUSD formed a sideways consolidation in a narrow range between 1.5396 and 1.5472. Near term support is at 1.5396, a break down below this level will indicate that the down trend from 1.5902 has resumed, and...

Short Term Analysis – Mar 21, 2008

by ForexCycle.com | March 21, 2008 02:27
EURUSD Analysis.EURUSD’s down trend remains and extends to as low as 1.5396 level. Deeper decline to 1.5200 area to reach the next short term cycle bottom on 4-hour chart is still possible. Consolidation will more likely be...

Short Term Analysis – Mar 20, 2008

by ForexCycle.com | March 20, 2008 01:21
USDCHF Analysis.USDCHF formed a short term cycle bottom at 0.9634 on 4-hour chart. Rebound from 0.9634 is treated as correction to the longer term down trend. Further rise to 1.0200 area to reach the next cycle top...

Short Term Analysis – Mar 19, 2008

by ForexCycle.com | March 19, 2008 04:17
USDJPY’s down trend from 108.59 extends to as low as 95.77. The rebound from 95.77 suggests that the pair is forming a cycle bottom on daily chart. Consolidation could be seen in a range between 95.77 and...

Short Term Analysis – Mar 18, 2008

by ForexCycle.com | March 18, 2008 01:31
USDCAD Analysis.USDCAD breaks above 0.9981 previous high and further rise to 1.0035 area to reach the next short term cycle top on 4-hour chart is still possible in a couple of days. Near term support is at...