http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/24/EURUSD remains in downtrend from 1.3242, the price action from 1.2796 is treated as consolidation of the downtrend. Range trading between 1.2796 and 1.2998 would likely be seen in a couple of days. Key resistance is at 1.2998, as long as this level holds, the downtrend could be expected to resume, and one more fall to test 1.2747 support is still possible after consolidation. On the upside, a break above 1.2998 will indicate that the downtrend from 1.3242 had completed at 1.2796 already, thenFri, 24 May 2013 03:18:08 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/24/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/22/EURUSD’s rise from 1.2796 extends to as high as 1.2938. However, the rise is likely consolidation of the downtrend from 1.3242. Resistance is located at the upper line of the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and one more fall to test 1.2747 support is still possible. On the upside, a clear break above the channel resistance will indicate that the downtrend from 1.3242 had completed at 1.2796 already, thenWed, 22 May 2013 03:08:05 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/22/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/21/Being contained by 1.0341 resistance, USDCAD pulls back from 1.0312. However, the fall is likely consolidation of the uptrend from 1.0013, one more rise to re-test 1.0341 resistance is possible, a break above this level will signal resumption of the longer term uptrend from 0.9632 (Sep 14, 2012 low), then next target would be at 1.0500 area. On the downside, as long as 1.0341 resistance holds, the rise from 1.0013 would possibly be correction of the downtrend from 1.0341, another fall towardsTue, 21 May 2013 02:30:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/21/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/20/USDCAD broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 1.0341 (Mar 1 high) had completed at 1.0013 already. Further rise to test 1.0341 resistance would likely be seen, a break above this level will indicate that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed, then then next target would be at 1.0500 area. However, as long as 1.0341 resistance holds, the rise from 1.0013 would possibly be correction of the downtrend fromMon, 20 May 2013 02:07:29 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/20/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/17/USDCAD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the downtrend from 1.0341 (Mar 1 high) had completed at 1.0013 already, then the following upward movement could bring price to 1.0500 area. On the downside, as long as the channel resistance holds, the price action from 1.0083 is treated as consolidation of the downtrend from 1.0341, another fall towards 0.9500 could be expected afterFri, 17 May 2013 01:03:28 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/17/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/15/USDJPY continues its upward movement from 98.58, and the rise extends to as high as 102.42. Support is at 101.20, as long as this level holds, the uptrend could be expected to continue, and next target would be at 104.00 area. On the downside, a breakdown below 101.20 will suggest that consolidation of the uptrend is underway, then pullback to 100.00 area could be seen.Wed, 15 May 2013 02:04:28 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/15/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/14/GBPUSD breaks below the support of the upward trend line from 1.4831 to 1.5034, suggesting that the uptrend from 1.4831 (Mar 12 low) had completed at 1.5605 already. The pair is now in downtrend from 1.5605. Further decline would likely be seen over the next several days, and next target would be at 1.5150 area. Resistance is at 1.5450, only break above this level could trigger another rise towards 1.5800.Tue, 14 May 2013 03:19:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/14/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/13/GBPUSD is testing the support of the upward trend line from 1.4831 to 1.5034, a clear break below the trend line support will indicate that the uptrend from 1.4831 (Mar 12 low) had completed at 1.5605 already, then the following downward movement could being price to 1.5000 zone. On the upside, as long as the trend line support holds, the fall from 1.5605 would possibly be consolidation of the uptrend from 1.4831, one more rise towards 1.5800 is still possible after consolidation.Mon, 13 May 2013 01:42:15 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/13/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/10/USDCAD remains in downtrend from 1.0293, the price action from 1.0051 is likely consolidation of the downtrend. Resistance is now located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall towards 1.0000 is possible. On the upside, a clear break above the channel resistance will suggest that the downward movement from 1.0293 had completed at 1.0013 already, then further rally to 1.0200 areaFri, 10 May 2013 02:06:53 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/10/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/09/GBPUSD is in uptrend from 1.4831 (Mar 12 low), the fall from 1.5605 is treated as consolidation of the uptrend. Initial support is at 1.5447, and the key support is located at the upward trend line from 1.4831 to 1.5034. As long as the trend line support holds, the uptrend could be expected to resume, and one more rise to 1.5800 is still possible after consolidation. Resistance is at 1.5605, a break above this level could signal resumption of the uptrend.Thu, 09 May 2013 03:50:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/09/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/08/GBPUSD breaks below 1.5469 support, suggesting that consolidation of the uptrend from 1.4831 (Mar 12 low) is underway. Deeper decline would likely be seen, and the target would be at the upward trend line from 1.4831 to 1.5034. Key resistance is at 1.5605, only break above this level could trigger another rise to 1.5800 zone.Wed, 08 May 2013 02:46:03 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/08/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/06/GBPUSD remains in uptrend from 1.5197, the fall from 1.5605 is likely minor consolidation of the uptrend. Support is at 1.5465, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.5700 area. On the downside, a breakdown below 1.5465 will indicate that consolidation of the longer term uptrend from 1.4831 (Mar 12 low) is underway, then deeper decline toward the upward trend line from 1.4831 to 1.5034 could be seen.Mon, 06 May 2013 02:49:58 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/06/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/03/USDCAD remains in downtrend from 1.0293, the rise from 1.0051 is likely consolidation of the downtrend. Resistance is at 1.0145, as long as this level holds, another fall could be expected after consolidation, and a breakdown below 1.0051 could signal resumption of the downtrend. On the upside, a break above 1.0145 will suggest that the downtrend had completed at 1.0051 already, then the following upward movement could bring price back to 1.0250 area.Fri, 03 May 2013 04:04:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/03/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/02/USDJPY continues its sideways movement in a range between 95.83 and 99.94. As long as 95.83 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14 (Sep 13, 2012 low), one more rise towards 105.00 could be expected after consolidation, and a break above 99.94 could signal resumption of the uptrend. On the downside, a breakdown below 95.83 support will indicate that the uptrend from 77.14 had completed at 99.94 already, then pullback to 90.00 area couldThu, 02 May 2013 02:34:11 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/05/02/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/30/EURUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3201 had completed at 1.2955 already. Further rise to test 1.3201 resistance could be expected, a break above this level will signal resumption of the uptrend from 1.2747, then next target would be at 1.3500 zone. Support is at 1.3020, only break below this level could trigger another fall to 1.2900 area.Tue, 30 Apr 2013 02:03:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/30/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/29/EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the fall from 1.3201 had completed at 1.2955 already, then the following upward movement could bring price to 1.3500 area. However, as long as the channel resistance holds, the downtrend from 1.3201 could be expected to resume, and one more fall to 1.2900 area to complete the downward movement is still possible. Daily Forex ForecastMon, 29 Apr 2013 03:30:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/29/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/26/EURUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel resistance holds, the downward movement could be expected to continue, and deeper decline to 1.2900 are is still possible. On the upside, a clear break above the channel resistance will suggest that the fall from 1.3201 has completed, then another rise towards 1.3500 could be seen.Fri, 26 Apr 2013 04:04:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/26/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/25/Being contained by the support of upward trend line from 1.4831 to 1.5034, GBPUSD rebounded from 1.5197, suggesting that the downward movement from 1.5411 has completed. Further rise to test 1.5411 resistance would likely be seen, a break above this level will indicate that the uptrend from 1.4831 has resumed, then next target would be at 1.5600 area. Key support is now at 1.5197, only break below this level will suggest that the uptrend from 1.4831 had completed at 1.5411 already, then theThu, 25 Apr 2013 03:28:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/25/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/24/GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will suggest that the upward movement from 1.4831 had completed at 1.5411 already, then the following downward move could bring price to 1.4500 zone. On the upside, as long as the trend line support holds, the uptrend could be expected to resume, and one more rise towards 1.5600 is still possible. Resistance is at 1.5335, a break above this level could signal resumption of theWed, 24 Apr 2013 02:56:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/24/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/23/USDCAD moves sideways in a range between 1.0203 and 1.0293. Key support is at 1.0203, as long as this level holds, the price action in the trading range could be treated as consolidation of the uptrend from 1.0083, one more rise to test 1.0341 resistance is still possible. On the downside, a breakdown below 1.0203 will indicate that the upward movement from 1.0083 had completed at 1.0293 already, then the following downward movement could bring price back to 1.0000 zone.Tue, 23 Apr 2013 03:04:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/23/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/22/USDCAD remains in uptrend from 1.0083, the fall from 1.0293 is treated as consolidation of the uptrend. Support is at 1.0200, as long as this level holds, another rise to test 1.0341 resistance is still possible, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has resumed, then the following upward move could bring price to 1.0500 area. On the downside, a breakdown below 1.0200 level will suggest that the upward movement from 1.0083 hasMon, 22 Apr 2013 02:18:58 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/22/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/19/GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.4831, the fall from 1.5411 is treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to resume, and another rise towards 1.5600 is still possible after consolidation. However, a clear break below the trend line will suggest that the uptrend from 1.4831 had completed at 1.5411 already, then the following downward movement could bring price to 1.4500 zone.Fri, 19 Apr 2013 03:14:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/19/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/18/USDCAD’s upward movement from 1.0083 extends to as high as 1.0293. Further rise to test 1.0341 resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has resumed, then further rise to 1.0500 area could be seen to follow. On the downside, as long as 1.0341 resistance holds, the rise from 1.0083 would possibly be correction of the downtrend from 1.0341, another fall towards 1.0000 is still possible after correction.Thu, 18 Apr 2013 02:59:00 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/18/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/17/USDJPY may be forming a cycle bottom at 95.83 on 4-hour chart. Further rise to test 99.94 previous high resistance would likely be seen, a break above this level will indicate that the uptrend from 77.14 (Sep 13, 2012 low) has resumed, then another rise towards 105.00 could be seen. On the downside, as long as 99.94 resistance holds, the consolidation of the uptrend could be expected to continue, and one more fall to 94.00 – 94.50 area to complete the consolidation is still possible.Wed, 17 Apr 2013 02:22:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/17/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/15/USDCHF remains in downtrend from 0.9553, and the fall extends to as low as 0.9264. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.9200 area. On the upside, a clear break above the trend line resistance will suggest that consolidation of the downtrend is underway, then further rally to 0.9400 area could be seen.Mon, 15 Apr 2013 02:27:57 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/15/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/12/USDJPY’s upward movement from 92.56 extends to as high as 99.94. Further rise is still possible, and next target would be at 101.00 area. Support is at 98.35, as long as this level holds, the uptrend will continue. However, a breakdown below 98.35 will suggest that a cycle top is being formed on 4-hour chart, then deeper decline to 97.50 to complete the consolidation could be seen.Fri, 12 Apr 2013 04:12:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/12/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/11/GBPUSD had formed a cycle top at 1.5363 on 4-hour chart. Key support is at the upward trend line, as long as the trend line support holds, the price action from 1.5363 could be treated as consolidation of the uptrend from 1.4831, and another rise towards 1.6000 is still possible. On the downside, a clear break below the trend line support will indicate that the uptrend from 1.4831 had completed at 1.5363 already, then the following downward movement could bring price to 1.4000 zone.Thu, 11 Apr 2013 03:15:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/11/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/10/AUDUSD breaks above 1.0496 resistance and reaches as high as 1.0508, suggesting that the uptrend from 1.0115 has resumed. Further rise is still possible, and next target would be at 1.0600 area. Support is at 1.0435, only break below this level will indicate that lengthier consolidation of the uptrend is underway, then another fall towards 1.0300 could be seen.Wed, 10 Apr 2013 03:09:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/10/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/09/USDCAD had formed a cycle top at 1.0235 on 4-hour chart. Range trading between 1.0105 and 1.0235 would likely be seen in a couple of days. As long as 1.0235 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0341, another fall towards 1.0000 could be expected after consolidation, only break above 1.0235 could signal completion of the downtrend.Tue, 09 Apr 2013 01:49:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/09/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/08/USDJPY’s upward movement from 92.56 extends to as high as 98.84. Support is now at 96.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at 100.00 area. On the other side, a breakdown below 96.70 will suggest that a cycle top is being formed on 4-hour chart, then consolidation of the uptrend could be seen to follow.Mon, 08 Apr 2013 02:51:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/08/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/05/EURUSD bounces strongly from 1.2747, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.3000 key resistance would likely be seen, a break above this level will indicate that the downtrend from 1.3711 (Feb 1 high) has completed, then the following upward movement could bring price to 1.4000 zone. On the downside, as long as 1.3000 resistance holds, the rise from 1.2747 would possibly be consolidation of the downtrend, one more fall to 1.2500 area is stillFri, 05 Apr 2013 03:09:09 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/05/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/02/AUDUSD may be forming a cycle bottom at 1.0385 on 4-hour chart. However, the rise would possibly be correction of the downtrend from 1.0496, as long as 1.0496 key resistance holds, one more fall to 1.0200 – 1.0300 area to complete the downward movement is still possible. On the upside, a break above 1.0496 will suggest that the longer term uptrend from 1.0115 has resumed, then further rise to 1.0700 area could be seen.Tue, 02 Apr 2013 02:41:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/02/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/01/USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 96.70. Key resistance is located at the upper line of the channel. As long as the channel resistance holds, the rise from 93.53 could be treated as consolidation of the downtrend, and one more fall to 92.00 – 93.00 area is still possible after consolidation. On the upside, a clear break above the channel resistance will indicate that the downtrend from 96.70 had completed at 93.53 already, then theMon, 01 Apr 2013 01:09:13 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/04/01/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/29/USDJPY remains in downtrend from 96.70, the price action from 93.53 is likely consolidation of the downtrend. Key resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 92.00 – 93.00 area to complete the downward movement is possible. However, a clear break above the channel resistance will indicate that the downtrend from 96.70 had completed at 93.53 already, then further riseFri, 29 Mar 2013 02:52:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/29/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/27/USDJPY remains in downtrend from 96.70, the rise from 93.53 is likely consolidation of the downtrend. Key resistance is now located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to resume, and another fall to 92.00 – 93.00 area to complete to downward movement is possible. On the upside, a clear break above the channel resistance will indicate that the downtrend had completed, then the following upward movementWed, 27 Mar 2013 02:43:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/27/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/26/USDCHF remains in downtrend from 0.9567, the price action from 0.9379 is likely consolidation of the downtrend. As long as 0.9567 key resistance holds, the downtrend could be expected to resume, and another fall towards 0.9200 is still possible. On the upside, a break above 0.9567 will indicate that the longer term uptrend from 0.9021 (Feb 1, low) has resumed, then the following upward movement could bring price to 0.9750 area.Tue, 26 Mar 2013 03:59:19 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/26/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/25/EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.3711 (Feb 1 high) had completed at 1.2843 already, then the following upward movement could bring price to 1.4000 zone. On the downside, as long as the trend line resistance holds, the rise from 1.2843 would possibly be consolidation of the downtrend, one more fall to 1.2700 area to complete the downward movement is still possible.Mon, 25 Mar 2013 02:34:40 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/25/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/21/USDJPY moves sideways in a trading range between 94.31 and 96.70. The price action in the range is likely consolidation of the uptrend from 90.93. As long as 94.31 support holds, another rise towards 100.00 is still possible after consolidation, and a break above 96.70 resistance could signal resumption of the uptrend. On the downside, a breakdown below 94.31 support will suggest that the uptrend from 90.93 had completed at 96.70 already, then the following downward movement could bring priceThu, 21 Mar 2013 03:11:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/21/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/20/USDCAD breaks above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.0341 had completed at 1.0180 already. Further rise to test 1.0341 previous high resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.9815 (Jan 11 low) has resumed, then the following upward movement could bring price to 1.0500 area. Support is at 1.0230, followed by 1.0180, only break below these levels could signal completion of the uptrendWed, 20 Mar 2013 02:12:57 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/20/http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/18/USDCAD may be forming a cycle bottom at 1.0180 on 4-hour chart. Further rise towards 1.0341 previous high would likely be seen in a couple of days. Key support is now at 1.0180, as long as this level holds, the price action from 1.0341 would possibly be consolidation of the uptrend from 0.9815 (Jan 11 low), one more rise towards 1.0500 is still possible after consolidation. On the downside, a breakdown below 1.0180 will indicate that the uptrend from 0.9815 had completed at 1.0341 already, thenMon, 18 Mar 2013 02:49:29 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2013/03/18/