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/2009-11-20.htmlUSDJPY remains in downtrend from 92.32 and the fall extended further to as low as 88.64 level. Deeper decline is still possible later today. Rebound would more likely be seen before breaking below 88.01 previous low. Support and resistance are located at the borders of the falling price channel. A clear break above the channel resistance will indicate that the downward trend from 92.32 has completed, then the following uptrend could bring price back to 91.00 or even 92.00.Fri, 20 Nov 2009 02:49:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-19.htmlUSDCAD stays in a trading range between 1.0416 and 1.0617. The price action from 1.0416 is more likely consolidation of downward trend from 1.0852. Another rise to test the upper border of the rising price channel on 4-hour chart is possible later today, as long as the channel resistance holds, downtrend is expected to resume and one more fall towards 1.0206 previous low could be seen. However, a clear break above the channel resistance will indicate that the fall from 1.0852 has completed atThu, 19 Nov 2009 02:54:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-18.htmlUSDCAD broke above the falling price channel on 4-hour chart. However, the rise can reach 1.0617 level only. Now the fall from 1.0617 is more likely resumption of downtrend from 1.0852, and another fall towards 1.0206 previous low is still in favor. Key support is at 1.0416, a break below this level will indicate that a short term cycle top has been formed at 1.0617 and confirm the resumption of downtrend. On the up side, above 1.0617 will suggest that the fall from 1.0852 has completed atWed, 18 Nov 2009 01:58:15 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-17.htmlUSDCHF stays in a trading range between 1.0035 and 1.0193. Moving sideways without trend in the range is expected later today. However, the price action from 1.0035 is more likely consolidation of downward trend from 1.0338, another fall towards 0.9900 is still possible after consolidation, and a breakdown below 1.0035 could signal resumption of downtrend.Tue, 17 Nov 2009 03:48:34 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-16.htmlGBPUSD is forming a short term cycle bottom at 1.6515 level on 4-hour chart. Now the rise from 1.6515 is possibly be resumption of uptrend from 1.5708, a break above 1.6840 key resistance will confirm the cycle bottom and signal another rally towards 1.7042 (Aug 5 high). Support level is at 1.6515, below this level will suggesting that the uptrend from 1.5708 has completed at 1.6841 level already, then the following downtrend could take price back to 1.6300-1.6350 area.Mon, 16 Nov 2009 00:47:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-13.htmlAfter breaking above 0.9326 previous high resistance, AUDUSD dropped below 0.9254 key support, suggesting that a short term cycle top has been formed at 0.9368 level on 4-hour chart and the rise from 0.8916 has completed. Pullback towards 0.9000 zone would more likely be seen in next several days. Resistance level is now located at 0.9368, only rise above this level will indicate that uptrend from 0.8916 has resumed, then next target would be at 0.9500 area.Fri, 13 Nov 2009 03:45:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-12.htmlBeing contained by 1.5062 previous high resistance, EURUSD consolidates in a narrow range between 1.4938 and 1.5048. As long as 1.4938 support holds, uptrend from 1.4626 will continue and further rise to 1.5200 is possible. However, below 1.4938 will indicate that a short term cycle top has been formed at 1.5048 level on 4-hour chart, then lengthier consolidation could take price to 1.4850-1.4900 area.Thu, 12 Nov 2009 02:56:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-11.htmlBeing contained by 1.5062 previous high resistance, EURUSD pulled back from 1.5019, suggesting that a minor consolidation of uptrend from 1.4626 is on the way. Another fall towards the lower border of the rising price channel is possible later today. However, as long as the channel support holds, we’d expect uptrend to resume and further rise towards 1.5200 could be seen after consolidation. Key resistance is at 1.5062, above this level will confirm the resumption of long term uptrend fromWed, 11 Nov 2009 01:47:24 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-10.htmlEURUSD’s uptrend from 1.4626 extended to as high as 1.5020. Further rise to test 1.5062 is possible later today. Support is now located at the rising trend line from 1.4626 to 1.4811, as long as the trend line support holds, we’d expect uptrend to continue, however below the trend line support will suggest a minor consolidation is under ways, then pullback to 1.4920-1.4950 is expected to follow.Tue, 10 Nov 2009 03:15:03 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-09.htmlGBPUSD is testing 1.6692 resistance, above this level will face 1.6741 critical resistance, a break of this level will indicate that the longer term downtrend from 1.7042 (Aug 5 high) has completed at 1.5708 level already, then another rise could be seen to retest 1.7042 resistance. Support levels are 1.6515 and 1.6466, below 1.6466 key support will suggest that a short term cycle top has been formed on 4-hour chart, then another fall towards 1.6000 could be seen.Mon, 09 Nov 2009 03:30:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-06.htmlAfter a sharp drop from 1.0852, USDCAD consolidates in a narrow range above 1.0594. Another fall is expected after consolidation and next target could be at 1.0400 area. Resistance level is now at 1.0735, and key resistance is located at 1.0852, only rise above this level will indicate that the uptrend from 1.0206 has resumed, then another rise towards 1.1000 could be seen to follow.Fri, 06 Nov 2009 01:50:05 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-05.htmlGBPUSD formed a trading range between 1.6251 and 1.6692. Moving sideways without trend is still possible in a couple of day and another fall towards 1.6000 would more likely be seen after consolidation. However, a break above 1.6692 will indicate that the longer term downtrend from 1.7042 (Aug 5 high) has completed at 1.5708 level already, then another rise could be seen to retest 1.7042 resistance.Thu, 05 Nov 2009 02:06:27 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-04.htmlUSDJPY stays below a falling trend line on 4-hour chart and remains in downward trend from 92.32, the rise from 89.44 is more likely consolidation of downtrend. Another fall towards 88.83 is still possible later today, however, rebound is expected before breaking below 88.83 level. Key resistance is now located at 90.64, a break above this level will indicate that the fall from 92.32 has completed at 89.44 already, then another rise to 94.00 could be seen to follow.Wed, 04 Nov 2009 01:31:08 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-03.htmlUSDCHF formed a trading range between 1.0148 and 1.0285. Pullback to 1.0100 to reach next short term cycle bottom on 4-hour chart could be seen in a couple of days. However, the price action from 1.0285 is more likely consolidation of uptrend from 1.0032, as long as 1.0032 support holds, we’d expect uptrend to resume and another rise towards 1.0400 is possible.Tue, 03 Nov 2009 01:33:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-02.htmlBeing supported by the lower border of the rising price channel on 4-hour chart, USDCAD rebounded from 1.0652 last week, suggesting that a short term cycle bottom has been formed and uptrend from 1.0206 has resumed. As long as the channel support holds, we’d expect uptrend to continue and another rise towards 1.1000 is possible. Key support level is now located at 1.0627, below this level could indicate that the rise from 1.0206 has completed, then the following downward trend could bring priceMon, 02 Nov 2009 02:08:40 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-11-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-30.htmlUSDCAD is testing the support of the lower border of the rising price channel on 4-hour chart, a clear break below the channel support will suggest that the rise from1.0206 has completed at 1.0820 level already, then the following downtrend could take price back below 1.0206 previous low. However, as long as the channel support holds, we would expect uptrend to continue and another rise towards 1.0900 is still possible.Fri, 30 Oct 2009 04:19:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-28.v02.htmlEURUSD continues its sharp moving and the fall from 1.5062 extends to as low as 1.4693 level. Deeper decline is still in favor and next target would be at 1.4600-1.4650 area, and rebound is expected before breaking below 1.4600 level. Resistance level is now located at 1.4840, as long as this level holds, we’d expect downtrend to continue. However, above 1.4840 level will indicate that a short term cycle bottom has been formed and the downtrend from 1.5062 has completed.Wed, 28 Oct 2009 23:28:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-28.v02.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-28.htmlBeing contained by 92.53 resistance USDJPY pulled back from 92.32, suggesting that a short term cycle top is being formed on 4-hour chart. Key support is located at 91.57, a breakdown below this level will confirm the cycle top, then deeper decline towards the rising trend line from 88.01 to 88.83 is expected to follow. However, as long as 91.57 support holds, further rally is still possible, and a break above 92.32 level will indicate that the uptrend from 88.01 has resumed, then next targetWed, 28 Oct 2009 00:17:18 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-27.htmlUSDJPY remains in short term uptrend form 90.07. As long as 91.57 support holds, we’d expect uptrend to continue and further rise to test 92.53 resistance is possible later today, a breakout of this level will confirm that the downward trend from 97.78 (Aug 7 high) has completed at 88.01 level already. However, below 91.57 will indicate that minor consolidation of uptrend from 88.01 is underway, then pullback towards the rising trend line from 88.01 to 88.83 is expected to follow.Tue, 27 Oct 2009 01:31:59 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-26.htmlBeing contained by 1.6741 critical resistance, GBPUSD pulled back sharply from 1.6692 last week and reaches 1.6251 so far, suggesting that the uptrend from 1.5708 has completed. Now the fall from 1.6692 is more likely resumption of longer term downtrend from 1.7042 (Aug 5 high), deeper decline is still possible in a couple of days and next target would be at 1.6000 zone.Mon, 26 Oct 2009 01:55:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-26.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-23.htmlUSDCHF stays below the falling trend line on 4-hour chart and remains in downtrend from 1.0452. As long as the trend line resistance holds, we’d expect downtrend to continue and deeper decline towards 0.9950-1.0000 area would more likely be seen later today. However, a clear break above the falling trend line will suggest that a short term cycle bottom has been formed and the downtrend from 1.0452 has completed already, then the following uptrend could take price back to 1.0300 zone.Fri, 23 Oct 2009 00:58:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-22.htmlEURUSD runs in a rising price channel on 4-hour chart and continue its upward trend from 1.4484. Further rally is still in favor and next target would be at 1.5100 zone. Support is now at the lower border of the price channel, as long as the channel support holds, uptrend will continue. However, a breakdown below 1.4827 key support will indicate that the rise from 1.4484 has completed, then the following pullback will take price to 1.4700-1.4750 area.Thu, 22 Oct 2009 02:02:20 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-21.htmlAUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 1.8567, as long as the channel support holds, the price action from 0.9269 is treated as consolidation of uptrend, and another rise towards 0.9400 is expected. Key support is located at 0.9112, below this level will indicate that the uptrend has completed at 0.9310 level already, then the following pullback could take price to 0.9000 zone.Wed, 21 Oct 2009 01:32:23 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-20.htmlUSDJPY is in uptrend from 88.01, the fall from 91.31 is treated as consolidation of uptrend. Trading in a range between 90.00 and 91.31 is expected later today and pullback to the rising trend line from 88.01 to 88.83 to reach the next short term cycle bottom on 4-hour chart would more likely be seen by the end of consolidation. Resistance level is located at 91.31, above this level will suggest that the uptrend has resumed, then next target would be at 92.00 zone. Key support is at the risingTue, 20 Oct 2009 02:21:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-19.htmlEURUSD breaks below the rising support trend line on 4-hour chart, suggesting lengthier consolidation of uptrend from 1.4484 is underway. Range trading between 1.4780 and 1.4966 is expected to follow, and a short term cycle bottom is expected to be formed above 1.4780 support. However, below 1.4780 will signal deeper decline to 1.4600 area. Key resistance is now at 1.4966, a break above this level will indicate that the uptrend from 1.4484 has resumed, then another rise towards 1.5100 could beMon, 19 Oct 2009 01:45:11 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-16.htmlUSDCAD rebounded from 1.0206, suggesting that a short term cycle bottom is being formed on 4-hour chart. Range trading between 1.0206 and 1.0450 is expected in next several days. However, the rise from 1.0206 is treated as consolidation of downtrend from 1.0991, as long as 1.0450 resistance holds, we’d expect downtrend to resume and deeper decline towards 1.0000 is still possible after consolidation.Fri, 16 Oct 2009 03:20:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-15.htmlUSDJPY formed a short term cycle top at 90.45 level on 4-hour chart. Range trading between 88.83 and 90.45 is possible later today. However, the price action from 90.45 is more likely consolidation of uptrend from 88.01, another rise to test 90.45 key resistance is still possible after consolidation, and a break above this level will indicate that the downtrend from 97.78 (Aug 7 high) has completed at 88.01 level already, then the following uptrend could take price to 92.00 or even 94.00 zone.Thu, 15 Oct 2009 02:08:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-14.htmlAUDUSD remains in uptrend from 0.8567 and the fall from 0.9125 is more likely consolidation of uptrend. Range trading between 0.8984 and 0.9125 is expected later today. As long as 0.8984 key support holds, we would expect uptrend to resume and another rise towards 0.9200 is still possible after consolidation. However, below 0.8940 level will indicate that a short term cycle top has been formed on 4-hour chart and the rise from 0.8567 has completed at 0.9125 level already, then the followingWed, 14 Oct 2009 01:24:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-13.htmlEURUSD failed to test the key support at 1.4649 and rebounded from 1.4672 level, suggesting that the pair is back to range trading between 1.4649 and 1.4816. Initial resistance is at 1.4816, a break above this level will indicate that the uptrend from 1.3748 (Jun 16 low) has resumed, then further rise is expected to 1.5000 area. On the down side, key support remains at 1.4649, below this level will indicate that a short term cycle top has been formed at 1.4816 level on 4-hour chart and theTue, 13 Oct 2009 01:34:52 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-12.htmlBeing contained by 1.4843 previous high resistance, EURUSD pulled back from 1.4816 last Friday, suggesting that a short term cycle top is being formed on 4-hour chart. Key support is now located at 1.4649, a break below this level will confirm the cycle top and indicate that the uptrend from 1.4484 has completed, then the following downtrend could take price back to 1.4550 area. However, a break above 1.4843 previous high will suggest that the uptrend from 1.3748 (Jun 16 low) has resumed, thenMon, 12 Oct 2009 01:40:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-09.htmlUSDJPY is in downtrend from 90.40. As long as resistance of the upper border of the falling price channel holds, we’d expected downtrend to continue and another fall could be seen to 87.50 zone. However, above the channel resistance will suggest lengthier consolidation of downtrend from 97.78 is underway, then the following rebound will take price to 89.50-90.00 area.Fri, 09 Oct 2009 01:58:02 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-08.htmlGBPUSD continues to trade in a range between 1.5770 and 1.6125. As long as 1.6125 resistance holds, the price action from 1.5770 is treated as consolidation of downtrend from 1.6741. Moving sideways in the range is still in favor later today. Another fall below 1.5770 would more likely be seen after consolidation, a break below 1.5770 will indicate that the downtrend has resume, then deeper decline could be seen to 1.5600 zone.Thu, 08 Oct 2009 01:29:28 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-07.htmlUSDCHF breaks below 1.0283 support, suggesting that a short term cycle top has been formed at 1.0452 level on 4-hour chart. Deeper decline is possible to test 1.0186 previous low support in a couple of days, a breakdown below this level will indicate that the downtrend from 1.1021 (June 24 high) has resumed, then further fall could be seen to 1.0000-1.0100 area. Resistance is now at 1.0320, as long as this level holds, we’d expect short term downward trend from 1.0452 to continue.Wed, 07 Oct 2009 02:40:08 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-06.htmlUSDJPY stays in a trading range between 88.24 and 90.40. As long as 90.40 key resistance holds, the price action from 88.24 is treated as consolidation of downtrend from 97.78 (Aug 7 high) and deeper decline to test 87.12 (Jan 21 low) support is possible after consolidation. However, a break above 90.40 will suggest that the downtrend from 97.78 has completed at 88.24 level already, then the following uptrend will take price to 92.00 or even 94.00.Tue, 06 Oct 2009 02:24:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-05.htmlEURUSD remains in downtrend from 1.4843 and the fall extended further to as low as 1.4484 level. Deeper decline to 1.4450-1.4480 area to reach the next short term cycle bottom is possible, and the next cycle bottom is nearing. Key resistance is located at 1.4673, a breakout of this level will indicate that a cycle bottom has been formed on 4-hour chart and the downtrend from 1.4843 has completed, then the following uptrend could bring price back to test 1.4843 previous high resistance.Mon, 05 Oct 2009 01:39:25 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-02.htmlEURUSD’s downtrend from 1.4843 extends further to as low as 1.4502 level. Further fall is still possible later today and next target would be at 1.4450-1.4480 area. Key resistance is now located at 1.4673, as long as this level holds, downtrend from 1.4843 will continue, however, a break above this level will indicate that a short term cycle bottom has been formed on 4-hour chart and downtrend has completed, then the following rebound could take price back to re-test 1.4843 previous highFri, 02 Oct 2009 02:52:07 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-01.htmlGBPUSD’s rebound from 1.5770 extended further to as high as 1.6125 level, subsequent pullback could possibly be resumption of downtrend from 1.6741. Deeper decline to re-test 1.5770 previous low support is now in favor, a breakdown below this level will confirm the downside continuation, then further fall could be seen to 1.5600 area. Near term resistance remains at 1.6150, only rise above this level will indicate that the fall from 1.6741 has completed at 1.5770 level already, then theThu, 01 Oct 2009 02:29:00 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-10-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-30.htmlGBPUSD remains in downward trend from 1.6741 and the rebound from 1.5770 is treated as consolidation of downtrend. Range trading between 1.5770 and 1.6150 is expected in a couple of days. As long as 1.6150 resistance holds, we’d expect downtrend to resume and further fall to 1.5600 zone is still possible after consolidation. Only rise above 1.6150 will suggest that a short term cycle bottom has been formed at 1.5770 level on 4-hour chart, and the downtrend from 1.6741 has completed.Wed, 30 Sep 2009 01:34:53 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-29.htmlUSDJPY rebounded sharply from 88.24, suggesting that a short term cycle bottom has been formed on 4-hour chart. Range trading between 88.24 and 90.60 is expected in a couple of days. As long as 90.60 resistance holds, the price action from 88.24 is treated as consolidation of downtrend from 92.53 and further fall to test 87.12 (Jan 21 low) long term critical support is still possible after consolidation, however, a break above 90.60 resistance will indicate that downtrend from 92.53 hasTue, 29 Sep 2009 02:43:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-28.htmlEURUSD has formed a short term cycle top at 1.4843 level on 4-hour chart. Further decline to 1.4500 zone would more likely be seen later today. Near term resistance is at 1.4724, as long as this level holds, we’d expect downtrend from 1.4843 to continue, however, a break above this level will suggest sideways consolidation between 1.4611 and 1.4843 is underway.Mon, 28 Sep 2009 02:05:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-28.html