Forex Cycle Analysis

[sdotwewen]

USDJPY formed a sideways consolidation in a range between 97.66 and 100.45. as long as 97.66 support holds, we’d expect up trend to resume and further rise to 102.00 area to reach the next short term cycle top on 4-hour chart is in favor, a break of 100.45 will confirm such case.
http://blog.forexcycle.com/723/short...s-mar-21-2008/

[sdotwewen]

USDCHF is in up trend. The pullback from 1.0166 is treated as consolidation to the up trend. Further rise to test 1.0352 level is still possible in the next several days, and a break of 1.0166 level will confirm such case. Near term support is at the rising price channel now at 1.0020, as long as the channel support holds, we'd expect up trend to continue.
http://blog.forexcycle.com/724/short...s-mar-24-2008/

[sdotwewen]

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 a break of 1.9736 level will indicate that the consolidation has completed and then further fall to retest 1.9337 (Jan 22 low) could be seen.
http://blog.forexcycle.com

[sdotwewen]

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 from 1.5342 is treated correction to the longer term down trend, and a break down of the key support at 1.5342 level will signal the resumption of the down trend.
http://blog.forexcycle.com/726/short...s-mar-26-2008/

[sdotwewen]

USDJPY formed a short term cycle top at 101.03. Deeper decline to 97.00 area to reach the next cycle bottom on 4-hour chart is still possible in a couple of days. Key resistance is at 101.03, a break above this level will signal the resumption of the up trend, and then further rise to test previous high resistance at 103.59 could be seen.
http://blog.forexcycle.com/727/short...s-mar-27-2008/

[sdotwewen]

GBPUSD’s rebound from 1.9736 extends to as high as 2.0193. The pair might be forming a short term cycle top on 4-hour chart. Key support is located at 1.9926, a break of this level will confirm the cycle top and deeper decline to test 1.9736 previous low support could then be seen.
http://blog.forexcycle.com/728/short...s-mar-28-2008/

[sdotwewen]

GBPUSD breaks below 1.9926 key support and confirms the short term cycle top at 2.0193 level on 4-hour chart. Further fall to test 1.9736 previous low support is now in favor. Key resistance is at 2.0193, only break of this level will signal the reversal to the down trend.
http://blog.forexcycle.com/729/short...s-mar-31-2008/

[sdotwewen]

AUDUSD broke below 0.9121 key support and formed a short term cycle top at 0.9252 level. Further fall to test 0.8953 previous low is possible in a couple of days. Key resistance is at 0.9252, as long as this resistance holds, we’d expect down trend to continue.
http://blog.forexcycle.com