Daily Forex Analysis – July 23, 2013

by ForexCycle.com | July 23, 2013 02:52
AUDUSD Analysis. AUDUSD is facing 0.9305 resistance again, a break above this level will indicate that the downtrend from 1.0582 (Apr 11 high) had completed at 0.8998 already, then the following upward movement could bring price back...

Daily Forex Analysis – July 19, 2013

by ForexCycle.com | July 19, 2013 03:07
USDJPY Analysis. USDJPY broke above 100.48 resistance and reached as high as 100.86. Further rise to test 101.53 key resistance would likely be seen, a break above this level will confirm that the uptrend from 93.79 has...

Daily Forex Analysis – July 18, 2013

by ForexCycle.com | July 18, 2013 00:14
USDJPY Analysis. USDJPY moves sideways in a range between 98.27 and 100.48. Resistance is now at 100.48, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend...

Daily Forex Analysis – July 17, 2013

by ForexCycle.com | July 17, 2013 01:11
USDCAD Analysis. USDCAD stays in a trading range between 1.0326 and 1.0442. As long as 1.0442 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0608, another fall towards...

Daily Forex Analysis – July 16, 2013

by ForexCycle.com | July 16, 2013 01:26
USDJPY Analysis. USDJPY broke above 100.00 resistance and reaches as high as 100.48, suggesting that the downward movement from 101.53 had completed. Further rise to test 101.53 resistance could be expected in a couple of days, a...

Daily Forex Analysis – July 15, 2013

by ForexCycle.com | July 15, 2013 01:47
USDCAD Analysis. USDCAD remains in downtrend from 1.0608, the rise from 1.0326 is treated as consolidation of the downtrend. Resistance is at 1.0440, as long as this level holds, the downtrend could be expected to resume, and...

Daily Forex Analysis – July 12, 2013

by ForexCycle.com | July 12, 2013 01:51
AUDUSD Analysis. AUDUSD failed to break above 0.9344 key resistance and stays in a trading range between 0.9037 and 0.9344. As long as 0.9344 resistance holds, the price action in the range could be treated as consolidation...

Daily Forex Analysis – July 11, 2013

by ForexCycle.com | July 11, 2013 02:20
AUDUSD Analysis. AUDUSD’s upward movement from 0.9037 extends to as high as 0.9297. Further rise to test 0.9344 resistance is still possible, as long as this level holds, the rise could be treated as consolidation of the...

Daily Forex Analysis – July 10, 2013

by ForexCycle.com | July 10, 2013 03:40
USDCAD Analysis. USDCAD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.0608 could be treated as consolidation of the uptrend from 1.0137,...

Daily Forex Analysis – July 9, 2013

by ForexCycle.com | July 9, 2013 03:46
AUDUSD Analysis. AUDUSD moves sideways in a narrow range between 0.9037 and 0.9180. The price action in the range is likely consolidation of the downtrend from 0.9344. Another fall to test 0.9037 support could be expected, a...