Daily Forex Analysis – March 29, 2013

by ForexCycle.com | March 29, 2013 02:46
USDJPY Analysis. USDJPY remains in downtrend from 96.70, the price action from 93.53 is likely consolidation of the downtrend. Key resistance is at the upper line of the price channel on 4-hour chart, as long as the...

Daily Forex Analysis – March 28, 2013

by ForexCycle.com | March 28, 2013 04:31
USDJPY Analysis. USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 96.70. As long as the resistance of the upper line of the channel holds, the downtrend could be expected to...

Daily Forex Analysis – March 27, 2013

by ForexCycle.com | March 27, 2013 02:20
USDJPY Analysis. USDJPY remains in downtrend from 96.70, the rise from 93.53 is likely consolidation of the downtrend. Key resistance is now located at the upper line of the price channel on 4-hour chart. As long as...

Daily Forex Analysis – March 26, 2013

by ForexCycle.com | March 26, 2013 03:53
USDCHF Analysis. USDCHF remains in downtrend from 0.9567, the price action from 0.9379 is likely consolidation of the downtrend. As long as 0.9567 key resistance holds, the downtrend could be expected to resume, and another fall towards...

Daily Forex Analysis – March 25, 2013

by ForexCycle.com | March 25, 2013 01:41
EURUSD Analysis. EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.3711 (Feb 1 high) had completed at 1.2843...

Daily Forex Analysis – March 22, 2013

by ForexCycle.com | March 22, 2013 03:37
USDJPY Analysis. USDJPY moves sideways in a trading range between 94.31 and 96.70. The price action in the range is likely consolidation of the uptrend from 90.93. As long as 94.31 support holds, another rise towards 100.00...

Daily Forex Analysis – March 21, 2013

by ForexCycle.com | March 21, 2013 03:00
EURUSD Analysis. EURUSD remains in downtrend from 1.3711 (Feb 1 high), the rise from 1.2843 is likely consolidation of the downtrend. Key resistance is now located at the downward trend line on 4-hour chart, as long as...

Daily Forex Analysis – March 20, 2013

by ForexCycle.com | March 20, 2013 02:09
USDCAD Analysis. USDCAD breaks above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.0341 had completed at 1.0180 already. Further rise to test 1.0341 previous high resistance would likely be seen, a break...

Daily Forex Analysis – March 19, 2013

by ForexCycle.com | March 19, 2013 03:47
USDCAD Analysis. USDCAD may be forming a cycle bottom at 1.0180 on 4-hour chart. Resistance is at the downward trend line, a clear break above the trend line resistance will indicate that the downward movement from 1.0341...