Daily Forex Analysis – August 6, 2013

by ForexCycle.com | August 6, 2013 04:10
USDCHF Analysis. USDCHF is facing 0.9228 support, a breakdown below this level will indicate that the downtrend from 0.9751 has resumed, then further decline to 0.9000 area could be seen. On the upside, as long as 0.9228...

Daily Forex Analysis – August 5, 2013

by ForexCycle.com | August 5, 2013 03:20
USDJPY Analysis. USDJPY is now in uptrend from 97.58, the fall from 99.94 is likely correction of the uptrend. Another rise to test 101.53 key resistance is possible after correction, a break above this level will indicate...

Daily Forex Analysis – August 2, 2013

by ForexCycle.com | August 2, 2013 04:04
EURUSD Analysis. EURUSD breaks below the support of the lower line of the price channel on 4-hour chart, suggesting that consolidation of the uptrend from 1.2756 is underway. Range trading between 1.3100 and 1.3344 would likely be...

Daily Forex Analysis – August 1, 2013

by ForexCycle.com | August 1, 2013 02:33
USDCHF Analysis. USDCHF continues its downward movement from 0.9535, and the fall extends to as low as 0.9228. Key resistance is now at 0.9337, as long as this level holds, the downtrend could be expected continue, and...

Daily Forex Analysis – July 31, 2013

by ForexCycle.com | July 31, 2013 03:51
USDCHF Analysis. USDCHF stays within a downward price channel on 4-hour chart, and remains in downtrend from 0.9535, the rise from 0.9264 is likely consolidation of the downtrend. Resistance is located at the upper line of the...

Daily Forex Analysis – July 30, 2013

by ForexCycle.com | July 30, 2013 03:51
USDCHF Analysis. USDCHF remains in downtrend from 0.9751, the rise from 0.9264 is likely consolidation of the downtrend. Resistance is now located at the upper line of the price channel on 4-hour chart. As long as the...

Daily Forex Analysis – July 29, 2013

by ForexCycle.com | July 29, 2013 02:48
USDCAD Analysis. USDCAD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.0442. Resistance is at the upper line of the channel, as long as the channel resistance holds, the downtrend could...

Daily Forex Analysis – July 26, 2013

by ForexCycle.com | July 26, 2013 03:06
USDCAD Analysis. USDCAD remains in downtrend from 1.0442, and the fall extends to as low as 1.0255. Resistance is now located at the upper line of the price channel on 4-hour chart. As long as the channel...

Daily Forex Analysis – July 25, 2013

by ForexCycle.com | July 25, 2013 02:09
AUDUSD Analysis. AUDUSD failed to break above 0.9305 resistance, and stays in a trading range between 0.8998 and 0.9305, suggesting that the pair remains in consolidation of the downtrend from 1.0582 (Apr 11 high). The range trading...

Daily Forex Analysis – July 24, 2013

by ForexCycle.com | July 24, 2013 03:03
AUDUSD Analysis. After touching 0.9305 resistance, AUDUSD pulls back from 0.9317, suggesting that the pair remains in consolidation of the downtrend from 1.0582 (Apr 11 high). Another fall to test 0.8998 previous low support is still possible,...