Daily Forex Analysis – May 13, 2013

by ForexCycle.com | May 13, 2013 01:29
GBPUSD Analysis. GBPUSD is testing the support of the upward trend line from 1.4831 to 1.5034, a clear break below the trend line support will indicate that the uptrend from 1.4831 (Mar 12 low) had completed at...

Daily Forex Analysis – May 10, 2013

by ForexCycle.com | May 10, 2013 02:04
USDCAD Analysis. USDCAD remains in downtrend from 1.0293, the price action from 1.0051 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...

Daily Forex Analysis – May 9, 2013

by ForexCycle.com | May 9, 2013 03:47
GBPUSD Analysis. GBPUSD is in uptrend from 1.4831 (Mar 12 low), the fall from 1.5605 is treated as consolidation of the uptrend. Initial support is at 1.5447, and the key support is located at the upward trend...

Daily Forex Analysis – May 8, 2013

by ForexCycle.com | May 8, 2013 02:31
GBPUSD Analysis. GBPUSD breaks below 1.5469 support, suggesting that consolidation of the uptrend from 1.4831 (Mar 12 low) is underway. Deeper decline would likely be seen, and the target would be at the upward trend line from...

Daily Forex Analysis – May 7, 2013

by ForexCycle.com | May 7, 2013 03:55
GBPUSD Analysis. GBPUSD moves sideways in a narrow range between 1.5469 and 1.5605. As long as 1.5469 support holds, the price action in the range is treated as consolidation of the uptrend from 1.5197, another rise to...

Daily Forex Analysis – May 6, 2013

by ForexCycle.com | May 6, 2013 02:46
GBPUSD Analysis. GBPUSD remains in uptrend from 1.5197, the fall from 1.5605 is likely minor consolidation of the uptrend. Support is at 1.5465, as long as this level holds, the uptrend could be expected to resume, and...

Daily Forex Analysis – May 3, 2013

by ForexCycle.com | May 3, 2013 03:59
USDCAD Analysis. USDCAD remains in downtrend from 1.0293, the rise from 1.0051 is likely consolidation of the downtrend. Resistance is at 1.0145, as long as this level holds, another fall could be expected after consolidation, and a...

Daily Forex Analysis – May 2, 2013

by ForexCycle.com | May 2, 2013 02:27
USDJPY Analysis. USDJPY continues its sideways movement in a range between 95.83 and 99.94. As long as 95.83 support holds, the price action in the range is treated as consolidation of the uptrend from 77.14 (Sep 13,...

Daily Forex Analysis – May 1, 2013

by ForexCycle.com | May 1, 2013 04:07
USDJPY Analysis. USDJPY stays in a trading range between 95.83 and 99.94. Support is at 95.83, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

Daily Forex Analysis – April 30, 2013

by ForexCycle.com | April 30, 2013 01:43
EURUSD Analysis. EURUSD breaks above the resistance of the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3201 had completed at 1.2955 already. Further rise to test 1.3201 resistance could be...