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/2009-11-05.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.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-25.htmlEURUSD broke below the rising trend line on 4-hour chart and is testing 1.4611 support, a break below this level will indicate that the uptrend from 1.4177 has completed at 1.4843 level already, then the following downtrend will will take price back to 1.4450 or even lower. Near term resistance is now located at 1.4843, only rise above this level will indicate that the uptrend from 1.4177 has resumed, then the next target would be at 1.5000 zone.Fri, 25 Sep 2009 02:05:41 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-25.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-24.htmlBeing contained by 90.12 precious low support, USDJPY rebounded from 90.48 level. Further rise to test 92.53 resistance would more likely be seen later today, a break above this level will confirm that the fall from 97.78 has completed at 90.12 level already, then the following uptrend will take price to 94.00 zone. Near term support is at 90.48 and key support is located at 90.12, only fall below 90.12 will indicate that the downtrend from 97.78 has resumed, then deeper decline is expected toThu, 24 Sep 2009 01:43:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-24.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-23.htmlEURUSD breaks above 1.4765 previous high and reaches as high as 1.4841 level. As long as the price stays above the rising trend line on 4-hour chart, we’d expect uptrend to continue and further rally is possible to 1.5000 zone in a couple of days. However, a clear break below the trend line support will suggesting that the rise from 1.4177 has completed, then pullback to test 1.4611 support could be seen to follow.Wed, 23 Sep 2009 02:01:43 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-22.htmlBeing supported by 1.6113 previous low, GBPUSD rebounds from 1.6133, however, the rise is more likely consolidation of downtrend from 1.6741, further fall to test 1.6113 support is still possible later today, and a breakdown below this level will indicate that uptrend from 1.3503 (Jan 23 low) has completed at 1.7042 level already. Near term resistance is at 1.6350, as long as this level holds, we’d expect downtrend to continue.Tue, 22 Sep 2009 03:00:38 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-21.htmlAUDUSD remains in uptrend from 0.8543 and the pullback from 0.8775 is treated as consolidation of uptrend. Near term support is at 0.8600, as long as this level holds, we’d expect uptrend to resume, and further rise to 0.8800 zone is possible after consolidation, and a break above 0.8775 will signal resumption of uptrend. However, below 0.8600 level will take price back to re-test 0.8543 support.Mon, 21 Sep 2009 02:55:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-18.htmlUSDJPY trades in a range between 90.12 and 91.62. As long as 91.62 resistance holds, the price action from 91.20 is treated as consolidation of downtrend from 97.78, and deeper decline to 89.00-89.50 area is possible. However, a break above 91.62 will indicate that a short term cycle bottom has been formed at 90.12 and the downtrend from 97.78 has completed, then the following uptrend will take price back to 94.00 zone.Fri, 18 Sep 2009 02:09:48 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-17.htmlAfter touching 90.20 previous low, USDJPY rebounded sharply from 90.12, suggesting that a short term cycle bottom is being formed. Key resistance is now located at 91.62, a break above this level will confirm the cycle bottom and indicate that the downtrend from 97.78 has completed at 90.12 level already, then the following uptrend will take price back to 94.00 zone. Near term support is at 90.12, only fall below this level will signal deeper decline to 89.00-89.50 area.Thu, 17 Sep 2009 01:55:01 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-16.htmlUSDJPY stays below the falling trend line from 97.78 to 93.29 and remains in downtrend, and the rebound from 90.20 is more likely consolidation of downtrend. As long as the trend line resistance holds, we’d expect downtrend to resumed and deeper decline to 89.00 is still possible after consolidation. However, a clear break above the trend line resistance will indicate that the fall from 97.78 has completed.Wed, 16 Sep 2009 04:05:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-15.htmlGBPUSD broke below the lower border of the rising price channel on 4-hour chart. Range trading between 1.6454 and 1.6741 is expected in a couple of days. However, the price action from 1.6741 is more likely consolidation of uptrend from 1.6113, one more rise towards 1.6900 zone is still possible after consolidation and a break above 1.6741 will signal resumption of uptrend. Key support is at 1.6454, only fall below this level will indicate that the rise from 1.6113 has completed at 1.6741 levelTue, 15 Sep 2009 02:35:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-14.htmlBeing contained by the upper border of the rising price channel, GBPUSD pulled back from 1.6741 level. Deeper decline is expected to the lower border of the price channel. However the fall from 1.6741 is treated as consolidation of uptrend from 1.6113. As long as the channel support holds, we’d expect the uptrend to resume and further rise to 1.6850-1.6900 area is possible after consolidation, and a break above 1.6741 will signal resumption of uptrend.Mon, 14 Sep 2009 02:21:46 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-11.htmlAUDUSD might be forming a short term cycle top at 0.8667 level on 4-hour chart, key support is located at 0.8528, a break below this level will confirm the cycle top, then consolidation in a range between 0.8450 and 0.8667 could be seen to follow. However, a break above 0.8667 will indicate that the uptrend from 0.0.8239 has resumed and the next target would be at 0.8750-0.8800 area.Fri, 11 Sep 2009 02:29:55 GMThttp://www.fxstreet.com/technical/analysis-reports/info@forexcycle.com (ForexCycle.com)http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2009-09-11.html