Forex Cycle Analysis

[sdotwewen]

USDCHF broke below 1.0932 key support, and formed a short term cycle top on 4-hour chart. The rise from 1.0729 completed at 1.1105 level. Further pullback to test the previous low support at 1.0729 is expected after consolidation. Key resistance is at 1.1105, only break of this level will signal the resumption of the up trend.
http://blog.forexcycle.com/702/short...s-feb-18-2008/

[sdotwewen]

GBPUSD dropped sharply to 1.9474 level. Further decline to test the previous low support at 1.9386 is still possible in a couple of days. Key resistance is at 1.9737, only break of this level will signal the resumption of the up trend.
http://blog.forexcycle.com/703/short...s-feb-19-2008/

[sdotwewen]

USDCAD is forming a short term cycle top at 1.0198 level. Sideways consolidation is expected in a couple of days. Near term resistance is at 1.0198, a break of the level will signal the resumption of the up trend. Near term support is at the up trend line from 0.9920 to 1.0021, key support is at 1.0021, only break of this level will signal the reversal to the up trend.
http://blog.forexcycle.com/705/short...s-feb-21-2008/

[sdotwewen]

Being supported by 1.9337 (Jan 22 low), GBPUSD rebounds sharply from 1.9361 level. Further rise towards 1.9900 area to reach the next short term cycle top is still possible next week. Key support is at 1.9361, only break of this level will signal the resumption of the down trend.
http://blog.forexcycle.com/706/short...s-feb-22-2008/

[sdotwewen]

AUDUSD breaks above 0.9236 previous high and up trend resumes. Further rally to test 0.9398 (Nov 7, 2007 high) is now in favor. Near term support is at the price channel, as long as the channel support holds, up trend will continue.
http://blog.forexcycle.com/707/short...s-feb-25-2008/

[sdotwewen]

USDCAD is testing the support of the up trend line from 0.9871 to 0.9920. Further fall below 0.9871 could be seen if the trend line support gives way. The long term key support is at 0.9871 level, a breakdown below this level will signal the resumption of the long term down trend. http://blog.forexcycle.com/708/short...s-feb-26-2008/

[sdotwewen]

USDCAD is testing the previous low support at 0.9756 (28 Dec 2007 low), break below this level could still be seen after consolidation and deeper decline to 0.9600 area to reach the next short term cycle bottom on 4-hour chart is expected to follow.
http://blog.forexcycle.com/710/short...s-feb-28-2008/

[sdotwewen]

USDJPY breaks below the long term support at 104.96 (Jan 23 low) and is now in down trend. Deeper decline to 102.00 area to reach the next short term cycle bottom is expected. Near term resistance is at 106.65, as long as this resistance holds, down trend will continue.
http://blog.forexcycle.com/711/short...s-feb-29-2008/