Forex Cycle Analysis

[sdotwewen]

AUDUSD pulled back 0.9609 broke below the price channel support. Deeper decline is still possible to test 0.9493 support later today. However the fall is treated as consolidation to up trend. As long as 0.9493 support holds we’d expect up trend to resume a short term cycle bottom would be formed by the end of consolidation.
http://blog.forexcycle.com/845/daily...s-jun-27-2008/

[sdotwewen]

USDJPY pulled back sharply 108.41 broke below 106.56 support. The p is now in down trend. Further fall is still possible to 105.00 area in a couple of days. Initial resistance is at 107.20 as long as this resistance holds we’d expect down trend to continue.
http://blog.forexcycle.com/858/daily...s-jun-30-2008/

[sdotwewen]

AUDUSD broke below the up trend line on 4-hour chart. Sideways consolidation in a range between 0.9541 0.9667 could be seen in a couple of days. As long as 1.9493 key support holds we’d expect up trend to resume rise to 0.9700 to reach next cycle top on 4-hour chart is possible.
http://blog.forexcycle.com/871/daily...s-july-1-2008/

[sdotwewen]

EURUSD is forming a sideways consolidation. Pullback to test the support of the up trend line 1.5302 to 1.5468 is still possible later today. As long as the trend line support holds we’d expect up trend to resume rise towards 1.6000 area could be seen after consolidation.
http://blog.forexcycle.com/874/daily...s-july-2-2008/

[sdotwewen]

USDJPY is in down trend. The rebound 104.98 is treated as correction to down trend. Initial resistance is at 106.77. As long as this resistance holds deeper decline is possible after correction. A break below 104.98 will indicate that the correction has completed deeper decline towards 104.00 is expected to follow.
http://blog.forexcycle.com/887/daily...s-july-3-2008/

[sdotwewen]

EURUSD broke below the up trend line 1.5302 (June 13 low) to 1.5468 formed a short term cycle top at 1.5908 on 4-hour chart. The fall is treated as resumption of down trend. Deeper decline to 1.5500 is expected after consolidation. Key resistance is now located at 1.5908 only rise above this level will signal resumption of up trend.
http://blog.forexcycle.com/900/daily...s-july-7-2008/

[sdotwewen]

USDCHF dropped sharply 1.0341 formed a short term cycle top on 4-hour chart. However the fall is treated as consolidation to uptrend. Further rise to 1.0500 is expected in next several days. Key support is now located at 1.0111 only fall below this level will signal resumption of down trend.
http://blog.forexcycle.com/913/daily...s-july-8-2008/

[sdotwewen]

AUDUSD is testing the key support at 0.9493 a break below this level will indicate that the up trend 0.9327 (June 12 low) has completed signal a further decline to 0.9200 area. However as long as the p stays above 0.9493 we’d expect up trend to resume one more rise above 0.9667 is still possible.
http://blog.forexcycle.com/916/daily...s-july-9-2008/