Daily Forex Analysis – April 29, 2013

by ForexCycle.com | April 29, 2013 03:26
EURUSD Analysis. EURUSD is facing the resistance of the upper line of  the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the fall from 1.3201 had completed at 1.2955 already,...

Daily Forex Analysis – April 26, 2013

by ForexCycle.com | April 26, 2013 04:00
EURUSD Analysis. EURUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel resistance holds, the downward movement...

Daily Forex Analysis – April 25, 2013

by ForexCycle.com | April 25, 2013 03:12
EURUSD Analysis. EURUSD’s downward movement from 1.3201 extends to as low as 1.2955. Resistance is now at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend from...

Daily Forex Analysis – April 24, 2013

by ForexCycle.com | April 24, 2013 02:51
GBPUSD Analysis. GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will suggest that the upward movement from 1.4831 had completed at 1.5411 already, then...

Daily Forex Analysis – April 23, 2013

by ForexCycle.com | April 23, 2013 02:55
USDCAD Analysis. USDCAD moves sideways in a range between 1.0203 and 1.0293. Key support is at 1.0203, as long as this level holds, the price action in the trading range could be treated as consolidation of the...

Daily Forex Analysis – April 22, 2013

by ForexCycle.com | April 22, 2013 02:14
USDCAD Analysis. USDCAD remains in uptrend from 1.0083, the fall from 1.0293 is treated as consolidation of the uptrend. Support is at 1.0200, as long as this level holds, another rise to test 1.0341 resistance is still...

Daily Forex Analysis – April 19, 2013

by ForexCycle.com | April 19, 2013 03:11
GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.4831, the fall from 1.5411 is treated as consolidation of  the uptrend. As long as the trend line support holds,...

Daily Forex Analysis – April 18, 2013

by ForexCycle.com | April 18, 2013 02:53
USDCAD Analysis. USDCAD’s upward movement from 1.0083 extends to as high as 1.0293. Further rise to test 1.0341 resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.9632...

Daily Forex Analysis – April 17, 2013

by ForexCycle.com | April 17, 2013 02:12
USDJPY Analysis. USDJPY may be forming a cycle bottom at 95.83 on 4-hour chart. Further rise to test 99.94 previous high resistance would likely be seen, a break above this level will indicate that the uptrend from...

Daily Forex Analysis – April 16, 2013

by ForexCycle.com | April 16, 2013 04:54
USDCHF Analysis. USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed at 0.9264 on 4-hour chart, and consolidation of the downtrend from 0.9553 is underway. Further rally would...