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Archive for 2009

EURUSD formed a cycle top at 1.4457

December 31st, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD has formed a short term cycle top at 1.4457 level on 4-hour chart. Range trading between 1.4218 and 1.4457 is expected in a couple of days. As long as ... Read more

AUDUSD’s bounce extended to 0.8992 level

December 30th, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD’s bounce from 0.8734 extended further to as high as 0.8992 level. Support is now located at the rising trend line on 4-hour chart. As long as the trend line ... Read more

USDJPY might be forming a short term cycle top

December 29th, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY might be forming a short term cycle top at 91.86 level on 4-hour chart. Pullback towards the lower border of the rising price channel would more likely be seen ... Read more

EURUSD broke above falling trend line

December 28th, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD broke above the falling trend line on 4-hour chart, suggesting that a short term cycle bottom has been formed at 1.4218 level. Range trading between 1.4218 and 1.4500 is ... Read more

EURUSD dropped sharply to 1.4218 level

December 26th, 2009 | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD dropped sharply from 1.5144 and the fall extended to as low as 1.4218 level. The subsequent rebound is more likely minor consolidation of downtrend. Resistance is now located at ... Read more