Forex Cycle Analysis

[sdotwewen]

EURUSD is in up trend, it’s moving higher to reach its cycle top, this cycle top will appear after August 10, and the target of the cycle top would be over 1.2978 (the day high of June 5, 2006). For long term analysis, the key resistance at 1.2861 is broken above, and EURUSD has bottomed on weekly chart. The long term bullish movement has started, and this bullish movement would last several months.
http://blog.forexcycle.com

[sdotwewen]

GBPUSD’s up trend is limited by the price channel, and it’s forming a slightly correction. Up trend will resume after this correction, and a break above 1.9127 may signal the resumption of the up trend. Key support is at 1.8700, only break below this level may signal a reversal of the up trend.
http://blog.forexcycle.com/192/gbpus...price-channel/

[sdotwewen]

Key resistance at 115.54 is broken above, USDJPY bottomed at 113.96 on 4 hours chart and is treated as in correction to the down trend. Further rise towards 116.00 area is possible later today. Key support is now at 114.57, only break below this level may signal the resumption of the down trend.
http://blog.forexcycle.com/201/usdjp...96-on-4-hours/

[sdotwewen]

EURUSD rebounded from the bottom of the price channel at 1.2764, and is testing the key resistance at 1.2908 previous high, breakout this level may signal the resumption of the up trend, and the next resistance will be 1.2978, the day high of June 5. Key support is now at 1.2764, only break below this level may signal a reversal of the up trend.
http://blog.forexcycle.com/207/eurus...price-channel/

[sdotwewen]

Key resistance at 1.1254 is broken above, USDCAD bottomed at 1.1174 on 4 hours chart, and the fall from 1.1457 may be end at this level. Now, the pair will move higher to test 1.1345 previous high resistance. Key support is now at 1.1174, only break below this level may signal the resumption of the down trend.
http://blog.forexcycle.com

[sdotwewen]

EURUSD is in down trend, further fall to test the near term support at 1.2659 level is possible later to day. On the other side, the fall from 1.2911 is treated as in correction of the previous up trend from 1.2457 to 1.2911, more volatility may be expected during this correction, rebound towards 1.2850 area is still possible in the next several days.
http://blog.forexcycle.com

[sdotwewen]

USDCAD is in up trend, further rise towards 1.1345 resistance is possible later today, a break above this level may signal the medium term bullish movement, and the target of this bullish movement would be above 1.1457 previous high.
http://blog.forexcycle.com

[sdotwewen]

As expected, USDJPY pulled back from 116.74 and topped on 4 hours chart. Further fall towards 114.67 previous low support to reach its cycle bottom is possible in the next several days. Key resistance is at 116.74, only break above this level may signal the resumption of the up trend.
http://blog.forexcycle.com