Daily Forex Analysis – September 30, 2008

by ForexCycle.com | September 30, 2008 01:45
USDCAD Analysis.USDCAD is moving to the next short term cycle top on 4-hour chart. Further rise towards 1.0560 is still possible later today. However, the rise from 1.0297 is treated as correction to the down trend. Pullback...

Daily Forex Analysis – September 29, 2008

by ForexCycle.com | September 29, 2008 01:03
EURUSD Analysis.EURUSD is in consolidation to the up trend. Pullback is still possible to test the support of the up trend line from 1.3881 to 1.4150. A break of the trend line support will signal deeper decline...

Daily Forex Analysis – September 26, 2008

by ForexCycle.com | September 26, 2008 02:42
EURUSD Analysis.EURUSD pulled back from 1.4867 and is in consolidation to up trend. Deeper pullback is still possible to test the support of the up trend line from 1.3881 to 1.4150. As long as the trend line...

Daily Forex Analysis – September 25, 2008

by ForexCycle.com | September 25, 2008 02:29
USDCAD Analysis.USDCAD consolidated in a range between 1.0304 and 1.0397. Deeper decline is still possible to 1.0200 zone after consolidation, and a break of 1.0304 level will confirm the resumption of down trend. Initial resistance is at...

Daily Forex Analysis – September 24, 2008

by ForexCycle.com | September 24, 2008 01:34
GBPUSD Analysis.GBPUSD traded in a narrow range between 1.8472 and 1.8641. Further rise is still possible to 1.8900 zone after consolidation. Initial support is at the up trend line from 1.7445 to 1.7916, as long as the...

Daily Forex Analysis – September 23, 2008

by ForexCycle.com | September 23, 2008 01:13
USDJPY Analysis.USDJPY is forming a sideways consolidation in a range between  103.54 and 110.66 (Aug 15 high). The pair will move without trend in this range. Rebound towards 109.00 zone is still possible in next few days....

Daily Forex Analysis – September 22, 2008

by ForexCycle.com | September 22, 2008 00:59
GBPUSD Analysis.GBPUSD broke above 1.8277 previous high resistance and reached as high as 1.0388 level. Further rise towards 1.8480 is still possible later today. Key support is now located at 1.7916, fall below this level will indicate...

Daily Forex Analysis – September 19, 2008

by ForexCycle.com | September 19, 2008 00:45
USDCHF Analysis.USDCHF might be forming a short term cycle bottom on 4-hour chart and the rise could possibly be resumption of up trend. Further rally to test 1.1249 is expected in a couple of days, a break...

Daily Forex Analysis – September 18, 2008

by ForexCycle.com | September 18, 2008 02:39
USDJPY Analysis.USDJPY pulled back from 106.71 and formed a short term cycle top on 4-hour chart. Further fall to test 103.54 level could be seen later today, a break of this level will signal deeper decline towards...

Daily Forex Analysis – September 17, 2008

by ForexCycle.com | September 17, 2008 02:13
USDJPY Analysis.USDJPY rebounds sharply from 103.54 and is forming a short term cycle bottom on 4H chart. Further rise is still possible to 108.00 zone in a couple of days. Initial support is at 103.54, only fall...