Daily Forex Analysis – January 21, 2010

by ForexCycle.com | January 21, 2010 09:03
GBPUSD Analysis. GBPUSD formed a short term cycle top at 1.6456 level on 4-hour chart. Range trading between 1.6210 and 1.6456 is expected later today. As long as 1.6210 key support holds, the price action from 1.6456...

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by ForexCycle.com | January 20, 2010 23:45
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Daily Forex Analysis – January 20, 2010

by ForexCycle.com | January 20, 2010 11:08
USDCAD Analysis. USDCAD breaks above the falling trend line from 1.0745 to 1.0413, suggesting lengthier consolidation of downtrend is underway. Bounce to test 1.0413 resistance is now in favor. As long as this level holds, we’d expect...

Daily Forex Analysis – January 19, 2010

by ForexCycle.com | January 19, 2010 11:14
USDCHF Analysis. Being contained by resistance of the upper border of the falling price channel on 4-hour chart, USDCHF pulls back from 1.0291, suggesting that a short term cycle top is being formed. Consolidation in a range...

Daily Forex Analysis – January 18, 2010

by ForexCycle.com | January 18, 2010 10:30
AUDUSD Analysis. After touching 0.9325 resistance, AUDUSD pulled back to 0.9174. A double top pattern is being formed on 4-hour chart and neck line is located at 0.9170, a break below this level will indicate that a...

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by ForexCycle.com | January 16, 2010 09:19
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Daily Forex Analysis – January 15, 2010

by ForexCycle.com | January 15, 2010 09:27
USDCHF Analysis. USDCHF broke above 1.0218 key resistance and formed a short term cycle bottom at 1.0132 level on 4-hour chart. Rise towards the upper border of the falling price channel is expected later today, and a...

Daily Forex Analysis – January 14, 2010

by ForexCycle.com | January 14, 2010 11:09
USDCAD Analysis. Being contained by the falling trend line from 1.0745 to 1.0576, USDCAD dropped again from 1.0413, suggesting that a short term cycle top has been formed on 4-hour chart. Now the fall from 1.0413 is...

Daily Forex Analysis – January 13, 2010

by ForexCycle.com | January 13, 2010 08:52
AUDUSD Analysis. AUDUSD broke below the rising trend line on 4-hour chart, suggesting that a short term cycle top is being formed on 4-hour chart. Range trading between 0.9123 and 0.9325 is expected. As long as 0.9123...