Forex Cycle Analysis

[sdotwewen]

GBPUSD might be forming a short term cycle bottom at 1.9906 on 4-hour chart. Sideways consolidation in a range between 1.9906 and 2.0158 could be seen before breaking above 2.0158 level. One more rise towards 2.0391 (Mar 14 high) is still possible after consolidation.
http://blog.forexcycle.com/1018/dail...-july-22-2008/

[sdotwewen]

USDCAD broke above 1.0080 resistance and reached 1.0116 level. Further rebound is expect to test 1.0238 (July 1 high), a break of this level will indicate that the fall from 1.0322 (June 10 high) has completed and long term up trend has resumed. Initial support is now located at 0.9974, only fall below this level will signal deeper decline to 0.9900 level.
http://blog.forexcycle.com/1020/dail...-july-23-2008/

[sdotwewen]

EURUSD broke below the support of the up trend line from 1.5302 (June 13 low) to 1.5611. Deeper decline to test 1.5611 previous low support is expected. A break below this level will indicated that the uptrend from 1.5302 has completed and long term down trend has resumed.
http://blog.forexcycle.com/1027/dail...-july-24-2008/

[sdotwewen]

GBPUSD is testing 1.9814 support. A break below this level will indicate that the up trend from 1.9408 (June 13 low) has completed and long term down trend has resumed. Key resistance is now located at 2.0076, a break of this level will signal further rise towards 2.0391 (Mar 14 high).
http://blog.forexcycle.com/1034/dail...-july-25-2008/

[sdotwewen]

Being supported by 1.5611 (July 7 low), EURUSD rebounded from 1.5628 level. Further rise to 1.5800-50 area to reach next short term cycle top is still possible in a couple of days. Initial support is at 1.5611, a break down below this level will indicate that the up trend from 1.5302 (June 13 low) has completed and long term down trend has resumed.
http://blog.forexcycle.com/1041/dail...-july-28-2008/

[yasirdxb]

Originally Posted by sdotwewen

Being supported by 1.5611 (July 7 low), EURUSD rebounded from 1.5628 level. Further rise to 1.5800-50 area to reach next short term cycle top is still possible in a couple of days. Initial support is at 1.5611, a break down below this level will indicate that the up trend from 1.5302 (June 13 low) has completed and long term down trend has resumed.
http://blog.forexcycle.com/1041/dail...-july-28-2008/

Long term down trend? when did that started?

Yasir.

[sdotwewen]

GBPUSD might be forming a short term cycle bottom at 1.9816 on 4-hour chart. Key resistance is located at 1.9978, a break of this level will confirm the cycle bottom and further rise towards 2.0158 previous high is expected to follow. Initial support is at 1.9814, only fall below this level will signal deeper decline towards 1.9647 (July 7 low).
http://blog.forexcycle.com/1042/dail...-july-29-2008/

[FerruFx]

Originally Posted by sdotwewen

http://blog.forexcycle.com/1042/dail...-july-29-2008/

Very usefull blog. Thanks.

Keep up the good work here.

FerruFx