Daily Forex Analysis – December 7, 2012

by ForexCycle.com | December 7, 2012 03:56
EURUSD Analysis. EURUSD breaks below the lower line of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3125 and the uptrend from 1.2661 has completed. The pair is now in...

Daily Forex Analysis – December 6, 2012

by ForexCycle.com | December 6, 2012 01:30
EURUSD Analysis. EURUSD may be forming a cycle top at 1.3125 on 4-hour chart. Range trading between 1.3000 and 1.3125 would likely be seen in a couple of days. Support is now located at the lower line...

Daily Forex Analysis – December 5, 2012

by ForexCycle.com | December 5, 2012 03:11
AUDUSD Analysis. AUDUSD breaks above the upper line of the price channel on 4-hour chart, suggesting that the fall from 1.0488 has completed at 1.0392 already. The pair is now facing 1.0488 resistance, a break above this...

Daily Forex Analysis – December 4, 2012

by ForexCycle.com | December 4, 2012 02:45
AUDUSD Analysis. AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0488. Initial resistance is now at the upper line of the channel, as long as the channel resistance holds, the...

Daily Forex Analysis – December 3, 2012

by ForexCycle.com | December 3, 2012 03:12
GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5827, and the rise extends to as high as 1.6062. As long as the trend line support holds, the price...