Daily Forex Analysis – August 20, 2008

by ForexCycle.com | August 20, 2008 02:58
GBPUSD Analysis. GBPUSD formed a short term cycle bottom at 1.8512 on 4-hour chart. Further rebound towards 1.8900 level is now in favor, and a break of 1.8722 resistance will confirm such case. As long as 1.8900...

Daily Forex Analysis – August 19, 2008

by ForexCycle.com | August 19, 2008 00:28
GBPUSD Analysis. GBPUSD might be forming  a short term cycle bottom at 1.8512 on 4-hour chart. Key resistance is now located at 1.8722, a break of this level will confirm the cycle bottom, and then further rise...

Daily Forex Analysis – August 18, 2008

by ForexCycle.com | August 18, 2008 01:09
USDCAD Analysis. USDCAD might be forming a short term cycle bottom at 1.0562 on 4-hour chart. Key resistance is now located at 1.0693, a break above this level will confirm the cycle bottom. As long as 1.0562...

Daily Forex Analysis – August 15, 2008

by ForexCycle.com | August 15, 2008 01:22
USDCHF Analysis. USDCHF broke above 1.0924 resistance and formed a short term cycle bottom at 1.0824 on 4-hour chart. Further rise towards 1.1200 could be seen in next few days. Initial support is at 1.0824, as long...

Daily Forex Analysis – August 14, 2008

by ForexCycle.com | August 14, 2008 02:55
USDCHF Analysis. USDCHF is forming a short term cycle top at 1.0924 on 4-hour chart. Pullback to test 1.0741 support is expected later today. As long as 1.0741 support holds, we’d expect up trend to resume, and...

Daily Forex Analysis – August 13, 2008

by ForexCycle.com | August 13, 2008 01:53
USDJPY Analysis. USDJPY breaks below 109.13 key support and formed a short term cycle top at 110.40 on 4-hour chart. Initial resistance is now located at 109.13, as long as this resistance holds, we’d expect down trend...

Daily Forex Analysis – August 12, 2008

by ForexCycle.com | August 12, 2008 01:22
USDCAD Analysis. USDCAD’s up trend remains, and the rise from 0.9974 (July 15 low) extends to 1.0716 level.  Initial support is at 1.0612, as long as this support holds, we’d expect up trend to continue, and further...

Daily Forex Analysis – August 11, 2008

by ForexCycle.com | August 11, 2008 01:17
AUDUSD Analysis. AUDUSD’s down trend extends further to as low as 0.8841 level. Deeper decline to 0.8700 is still possible in a couple of days. Initial resistance is now at 0.9000 and key resistance is located at...

Daily Forex Analysis – August 8, 2008

by ForexCycle.com | August 8, 2008 02:18
AUDUSD Analysis. AUDUSD’s down trend remains and the fall from 0.9849 (Jul 15 high) extends further to 0.8982 level. The pair is testing 0.8953 (Mar 20 low) support. Further fall below 0.8953 is still possible next week....

Daily Forex Analysis – August 7, 2008

by ForexCycle.com | August 7, 2008 01:49
GBPUSD Analysis. GBPUSD dropped sharply to as low as 1.0466 level. Further fall is still possible to test 1.9337 (Jan 22 low) long term key support. Initial resistance is at 1.9596, only break above this level will...