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/2012-02-10.htmlUSDCAD is in downtrend from 1.0318, the price action from 0.9926 is treated as consolidation of downtrend. Resistance is now at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to resume, and one more fall towards 0.9800 is still possible. However, a clear break above the upper line of the channel will indicate that the fall from 1.0318 is complete, then the following upward movement could bring price back to 1.0500Fri, 10 Feb 2012 02:11:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-09.htmlUSDCAD broke above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed at 0.9926. Range trading between 0.9926 and 1.0050 would likely be seen in a couple of days. As long as 1.0050 resistance holds, the bounce is treated as consolidation of downtrend from 1.0318, and one more fall towards 0.9800 is still possible after consolidation. On the upside, a break above 1.0050 will signal completion of the downtrend, then further rally could be seen toThu, 09 Feb 2012 03:10:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-07.htmlUSDCHF remains in downtrend from 0.9594, the price action from 0.9114 is treated as consolidation of downtrend. Another fall towards 0.8900 is still possible after consolidation and a breakdown below 0.9114 will signal resumption of the downtrend. Key resistance is at 0.9350, only break above this level could indicate that the fall from 0.9594 has completed at 0.9114 already, then the following upward movement could bring price back towards 0.9594 previous high.Tue, 07 Feb 2012 02:05:40 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-06.htmlUSDCHF broke above the upper line of the downward price channel on 4-hour chart last Friday, suggesting that a cycle bottom had been formed at 0.9114, and lengthier consolidation of the downtrend from 0.9594 is underway. Range trading between 0.9114 and 0.9249 would likely be seen in a couple of days. Key resistance is at 0.9350, as long as this level holds, we’d expect downtrend to resume, and one more fall towards 0.8900 is possible after consolidation, only break above 0.9350 could signalMon, 06 Feb 2012 01:47:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-03.htmlUSDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one more fall towards 0.8900 is still possible. However, a break above 0.9350 will indicate that the downward movement from 0.9594 had completed at 0.9114 already, then the following upward move could bring price back towardsFri, 03 Feb 2012 02:27:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-02.htmlUSDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9594, the price action in the range between 0.9114 and 0.9249 is treated as consolidation of downtrend. As long as the channel resistance holds, we’d expect downtrend to resume, and another fall towards 0.8900 is still possible. Key resistance is at 0.9350, only break above this level could signal completion of the downward movement.Thu, 02 Feb 2012 01:50:39 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-01.htmlUSDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, the bounce from 0.9114 is treated as consolidation of downtrend from 0.9594, and another fall towards 0.8900 is still possible after consolidation. On the upside, a break above 0.9350 will indicate that the downtrend has completed atWed, 01 Feb 2012 03:44:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-02-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-31.htmlAfter testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below 1.3077 will suggest that a cycle top has been formed at 1.3233 on 4-hour chart, then pullback towards 1.2800-1.2900 area could be seen.Tue, 31 Jan 2012 01:51:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-31.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-30.htmlBeing contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support holds, the fall could be treated as consolidation of uptrend from 0.9861, another rise towards 1.0900 is still possible after consolidation, and a break above 1.0687 will signal resumption of uptrend.Mon, 30 Jan 2012 03:18:07 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-27.htmlUSDCHF’s downward movement from 0.9594 extended to as low as 0.9156. Resistance is now at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 0.9050 area. On the upside, a clear break above the trend line will indicate that a cycle bottom is being formed on 4-hour chart, then consolidation of downtrend could be seen to follow.Fri, 27 Jan 2012 03:30:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-19.htmlAUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Support is at 1.0300, as long as this level holds, the price action from 1.0448 is treated as consolidation of uptrend, and one more rise towards 1.0600 is still possible. However, a breakdown below 1.0300 will indicate that a cycle top has been formed at 1.0448, then deeper decline to test 1.0145 key support could be seen.Thu, 19 Jan 2012 01:52:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-18.htmlAUDUSD broke above 1.0385 resistance and continued its upward movement from 0.9861. Further rise is expected after a minor consolidation, and next target would be at 1.0500 area. Support is now at 1.0300, as long as this level holds, uptrend could be expected to continue, however, a breakdown below this level will indicate that a cycle top has been formed at 1.0448 on 4-hour chart, then deeper decline to test 1.0145 key support could be seen.Wed, 18 Jan 2012 02:45:47 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-16.htmlAUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145 support holds, the price action in the trading range is treated as consolidation of uptrend from 0.9861, and another rise towards 1.0600 is still possible, only a breakdown below 1.0145 will indicate the the rise from 0.9861 has completed at 1.0385 already, then the following downward movement could bringMon, 16 Jan 2012 02:26:29 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-13.htmlUSDCHF continued its downward move from 0.9594, and the fall extended to as low as 0.9411. Further fall to test the support of the upward trend line from 0.9066 to 0.9304 is expected later today, as long as the trend line support holds, the price action from 0.9594 is treated as consolidation of uptrend from 0.8569 (Oct 27, 2011 low), another rise towards 1.0000 is still possible. However, a clear break below the trend line will suggest that the rise from 0.8569 has completed at 0.9594Fri, 13 Jan 2012 02:33:48 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-12.htmlAUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Initial support is at the lower line of the channel, as long as the channel support holds, the price action from 1.0385 is treated as consolidation of uptrend, and another rise towards 1.0600 is still possible. Key support is at 1.0145, only break below this level will indicate that the uptrend has completed at 1.0385 already, then the following downward movement could bring price back to 0.9800 zone.Thu, 12 Jan 2012 02:46:43 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-11.htmlUSDJPY stays in a trading range between 76.60 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above this level will confirm that the fall from 78.21 had completed at 76.60 already, then further rise to test 78.27 resistance could be seen. Support is at 76.60, only break below this level could trigger another fall to 76.00 zone.Wed, 11 Jan 2012 02:17:33 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-10.htmlBeing supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, a break above this level could bring price to 1.0600 area. Key support is now at 1.0145, only break below this level will indicate that the rise from 0.9861 had completed at 1.0385 already, then the followingTue, 10 Jan 2012 03:29:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-09.htmlAfter touching 1.0378 resistance, AUDUSD pulled back from 1.0385, however, the fall from 1.0385 would possibly be consolidation of uptrend from 0.9861. Key support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, we’d expect uptrend to resume, and one more rise towards 1.0600 is still possible. One the downside, a clear break below the channel support will indicate that the rise from 0.9861 has completed at 1.0385 already, then theMon, 09 Jan 2012 01:39:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-06.htmlUSDCHF is facing 0.9546 resistance, a break above this level will indicate that the uptrend from 0.8569 (Oct 27, 2011 low) has resumed, then further rise towards 1.0000 could be seen. Support is now at 0.9400, only breakdown below this level could indicate that lengthier consolidation of uptrend is underway.Fri, 06 Jan 2012 02:06:52 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-05.htmlEURUSD failed to break above the upper line of the price channel on 4-hour chart, and pulled back from 1.3076. Further fall to test 1.2858 support would likely be seen, a breakdown below this level will signal resumption of the longer term downtrend from 1.4246 (Oct 27, 2011 high), then further decline could be seen to 1.2500 area. Key resistance is now at 1.3076, only break above this level could indicate that the fall from 1.4246 is complete.Thu, 05 Jan 2012 03:14:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-04.htmlEURUSD’s bounce from 1.2858 extended to as high as 1.3076. Further rise is still possible later today, and the target would be at the upper line of the price channel on 4-hour chart. Key resistance is at 1.3196, as long as this level holds, the price action from 1.2946 is treated as consolidation of downtrend from 1.4246 (Oct 27, 2011 high). Downtrend could be expected to resume after consolidation, and another fall towards 1.2500 is still possible. On the upside, a break above 1.3196 willWed, 04 Jan 2012 02:01:12 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-03.htmlUSDCHF moved sideways in a range between 0.9244 and 0.9546 for several days. The price action in the range is likely consolidation of uptrend from 0.8569 (Oct 27, 2011 low). As long as 0.9244 key support holds, uptrend could be expected to resume, and one more rise towards 1.0000 is still possible after consolidation. Only a breakdown below 0.9244 could indicate that the uptrend from 0.8569 had completed at 0.9546 already, then the following downward move could bring price back to 0.8850 area.Tue, 03 Jan 2012 03:14:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-02.htmlUSDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9244, the fall from 0.9469 would possibly be consolidation of uptrend. Another rise to test 0.9546 is expected, a break above this level could signal resumption of the longer term uptrend from 0.8569 (Oct 27 low). Support remains at the uptrend line, only a clear break below the trend line could indicate that lengthier consolidation of uptrend is underway, then the pair will find support around 0.8850.Mon, 02 Jan 2012 03:14:13 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2012-01-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-30.htmlUSDCHF’s bounce from 0.9244 extended to as high as 0.9469. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and further rise to test 0.9546 previous high resistance could be seen. However, a clear break below the trend line will indicate that a cycle top has been formed at 0.9469, and lengthier consolidation of the longer term uptrend from 0.8569 (Oct 27 low) is underway, then another fall to test 0.9244Fri, 30 Dec 2011 03:42:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-28.htmlUSDCHF had formed a cycle bottom at 0.9244 on 4-hour chart. Now the rise from 0.9244 would possibly be resumption of uptrend from 0.8569 (Oct 27 low), further rise to test 0.9546 resistance would likely be seen later today, a break above this level will confirm resumption of the uptrend. Key support is at 0.9244, only break below this level could indicate that the uptrend from 0.8569 has competed at 0.9546 already, then the following downward move could bring price back to 0.8700-0.8800 area.Wed, 28 Dec 2011 01:28:19 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-27.htmlEURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.4246 (Oct 27 high), the price action from 1.2946 is likely consolidation of the downtrend. As long as the trend line resistance holds, we’d expect downtrend to resume, and another fall towards 1.2500 is still possible. Initial support is at 1.2946, a breakdown below this level could signal resumption of downtrend.Tue, 27 Dec 2011 02:01:59 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-20.htmlAUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0378. As long as the channel resistance holds, downtrend could be expected to resume, and another fall towards 0.9663 is still possible. Key resistance is now at 1.0026, a break above this level will indicate that lengthier consolidation of downtrend is underway, then bounce to 1.0100 area could be seen.Tue, 20 Dec 2011 02:03:09 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-19.htmlUSDCHF formed a cycle top at 0.9546 on 4-hour chart. Deeper decline would likely be seen and target would be at the lower border of the price channel. However, the fall from 0.9546 is treated as consolidation of uptrend from 0.8569 (Oct 27 low), another rise towards 1.0000 could be seen after consolidation, and a break above 0.9546 could signal resumption of uptrend.Mon, 19 Dec 2011 02:00:56 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-16.htmlUSDCAD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line could indicate that a cycle top has been formed at 1.0422 on 4-hour chart, and the uptrend from 1.0051 has completed, then another fall towards 0.9900 could be seen. On the upside, as long as the trend line support holds, the fall from 1.0422 could possibly be consolidation of uptrend, and one more rise towards 1.0523 is still possible.Fri, 16 Dec 2011 03:13:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-15.htmlAUDUSD continued its downward movement from 1.0378, and the fall extended to as low as 0.9883. Further decline could be seen in a couple of days, and next target would be at 0.9800 area. Resistance is at 1.0050 followed by the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend will continue.Thu, 15 Dec 2011 01:34:59 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-14.htmlAUDUSD remains in downtrend from 1.0378, and the fall has extended to as low as 0.9979. Further decline could be seen after a minor consolidation and next target would be at 0.9800 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line could indicate that the fall from 1.0378 is complete. Forex SignalsWed, 14 Dec 2011 01:23:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-12.htmlGBPUSD traded in a range between 1.5561 and 1.5779 for several days. One more fall to test 1.5423 support is still possible, a breakdown below this level could signal resumption of the downtrend from 1.6164. Key resistance is now located at 1.5779, above this level will confirm that the downtrend from 1.6164 had completed at 1.5423 already, then the following upward movement could bring price to 1.6500 area.Mon, 12 Dec 2011 02:05:52 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-09.htmlGBPUSD failed to break above 1.5779 resistance, and pulled back from 1.5768 yesterday, suggesting that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway. Deeper decline to 1.5500 area to reach next cycle bottom is expected. Key resistance remains at 1.5779, only break above this level could trigger another rise towards 1.6500.Fri, 09 Dec 2011 02:18:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-08.htmlGBPUSD broke above the downward price channel on 4-hour chart, suggesting that the fall from 1.6164 had completed at 1.5423 already. Further rally to test 1.5779 key resistance would likely be seen, a break above this level could trigger another rise towards 1.6500. Support is now at 1.5561, only break below this level could indicate that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway.Thu, 08 Dec 2011 03:16:19 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-07.htmlGBPUSD’s fall from 1.5779 extended to as low as 1.5561. Further decline is still possible later today, and next target would be at 1.5500 area. Key resistance is now at 1.5779, a break above this level will indicate that the downtrend from 1.6164 had completed at 1.5423 already, then the following upward move could bring price back to 1.6500 zone.Wed, 07 Dec 2011 01:59:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-05.htmlUSDCHF has formed a cycle bottom at 0.9066 on 4-hour chart. Range trading between 0.9066 and 0.9329 would likely be seen in a couple of days. Resistance is at 0.9329, a break above this level will signal resumption of uptrend from 0.8569, then further rise towards 1.0000 could be seen. Key support is now at 0.9066, only break below this level could indicate that the rise from 0.8569 is complete.Mon, 05 Dec 2011 02:16:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-02.htmlEURUSD is testing the resistance of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.3212 could be treated as consolidation of downtrend from 1.4246, and one more fall towards 1.3146 (Oct 4 low) is still possible. On the upside, a clear break above the upper line of the channel will indicate that the downward movement from 1.4246 had completed at 1.3212 already, then the following upward move could bring price back to 1.3900 zone.Fri, 02 Dec 2011 01:32:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-01.htmlEURUSD is facing resistance of the price channel on 4-hour chart, a clear break above the channel will indicate that the downtrend from 1.4246 had completed at 1.3212 already, then the following upward move could bring price to 1.3900 area. As long as the channel resistance holds, the rise from 1.3212 is treated as consolidation of downtrend, and one more fall to test 1.3146 (Oct 4 low) support is still possible.Thu, 01 Dec 2011 03:16:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-12-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-11-30.htmlUSDCHF had formed a cycle top at 0.9329 on 4-hour chart. Range trading between 0.9085 and 0.9329 would likely be seen in a couple of days. As long as 0.9085 support holds, the price action in the range is treated as consolidation of uptrend from 0.8569, another rise towards 1.0000 is still possible after consolidation, and a break above 0.9329 could signal resumption of uptrend. On the downside, a breakdown below 0.9085 will signal completion of uptrend, then pullback to 0.8400 could be seen.Wed, 30 Nov 2011 01:52:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-11-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-11-28.htmlAUDUSD has broken above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.0342 has completed at 0.9663 already. Lengthier consolidation of the longer term downtrend from 1.0751 would likely be seen over the next several days, and the trading range would be between 0.9663 and 1.0000. As long as 1.0000 resistance holds, downtrend could be expected to resume, and one more fall towards 0.9390 (Oct 4 low) is still possible, only break above 1.0000 could indicate that theMon, 28 Nov 2011 02:34:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-11-28.html