Daily Forex Analysis – November 14, 2008

by ForexCycle.com | November 14, 2008 00:58
USDJPY Analysis. USDJPY rebound sharply from 94.47 level, and the rise is possibly be resumption of up trend. Further rally is expected to retest 100.54 previous high resistance. A break of this level will indicate that the...

Daily Forex Analysis – November 13, 2008

by ForexCycle.com | November 13, 2008 01:49
GBPUSD Analysis. As expected, GBPUSD drops below 1.5269 previous low support and reaches as low as 1.4833 level. Deeper decline could be seen to 1.4500 zone. Initial resistance is at the down trend line from 1.6671 to...

Daily Forex Analysis – November 12, 2008

by ForexCycle.com | November 12, 2008 03:54
GBPUSD Analysis. GBPUSD’s down trend from 1.6671 extends further to 1.5347 level. Deeper decline is expected to 1.4500 zone. Initial resistance is at the down trend line from 1.6671 to 1.6198, as long as the trend line...

Daily Forex Analysis – November 11, 2008

by ForexCycle.com | November 11, 2008 01:10
AUDUSD Analysis. AUDUSD fails to test 0.7014 resistance and pulls back to trading range between 0.6543 and 0.7014. As long as 0.6543 support holds, we’d expect up trend to resume and one more rise above 0.7014 is...

Daily Forex Analysis – November 10, 2008

by ForexCycle.com | November 10, 2008 02:07
USDCHF Analysis. USDCHF traded in a range between 1.1549 and 1.1800 for several days and is treated as in consolidation to up trend. As long as 1.1549 support holds, we’d expect up trend to resume, and further...

Daily Forex Analysis – November 7, 2008

by ForexCycle.com | November 7, 2008 01:19
AUDUSD Analysis.After breaking above 0.6891 resistance, AUDUSD pulls back from 0.7014 level. Deeper decline to test 0.6549 support could be seen later today. As long as this level holds, we’d expect uptrend to resume and one more...

Daily Forex Analysis – November 5, 2008

by ForexCycle.com | November 5, 2008 01:03
AUDUSD Analysis.AUDUSD breaks above 0.6891 resistance. Further rally to test 0.7237 (Oct 14 high) could be seen later today. As long as this level holds, we’d expect down trend to resume and pullback to retest 0.6008 is...

Daily Forex Analysis – November 4, 2008

by ForexCycle.com | November 4, 2008 02:04
USDCHF Analysis.USDCHF breaks above 1.1746 previous high resistance, suggesting that the up trend from 1.0693 (Sep 22 low) has resumed, and further rally towards 1.2000 zone could be seen in a couple of days. Initial support is...

Daily Forex Analysis – November 3, 2008

by ForexCycle.com | November 3, 2008 01:18
EURUSD Analysis.EURUSD formed a short term cycle top at 1.3290 level on 4-hour chart. Pullback to retest 1.2329 is possible later today. As long as this level holds, we’d expect up trend to resume and a break...