Daily Forex Analysis – April 15, 2013

by ForexCycle.com | April 15, 2013 02:22
USDCHF Analysis. USDCHF remains in downtrend from 0.9553, and the fall extends to as low as 0.9264. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the...

Daily Forex Analysis – April 12, 2013

by ForexCycle.com | April 12, 2013 04:00
USDJPY Analysis. USDJPY’s upward movement from 92.56 extends to as high as 99.94. Further rise is still possible, and next target would be at 101.00 area. Support is at 98.35, as long as this level holds, the...

Daily Forex Analysis – April 11, 2013

by ForexCycle.com | April 11, 2013 03:13
GBPUSD Analysis. GBPUSD had formed a cycle top at 1.5363 on 4-hour chart. Key support is at the upward trend line, as long as the trend line support holds, the price action from 1.5363 could be treated...

Daily Forex Analysis – April 10, 2013

by ForexCycle.com | April 10, 2013 02:53
AUDUSD Analysis. AUDUSD breaks above 1.0496 resistance and reaches as high as 1.0508, suggesting that the uptrend from 1.0115 has resumed. Further rise is still possible, and next target would be at 1.0600 area. Support is at...

Daily Forex Analysis – April 9, 2013

by ForexCycle.com | April 9, 2013 01:47
USDCAD Analysis. USDCAD had formed a cycle top at 1.0235 on 4-hour chart. Range trading between 1.0105 and 1.0235 would likely be seen in a couple of days. As long as 1.0235 resistance holds, the price action...

Daily Forex Analysis – April 8, 2013

by ForexCycle.com | April 8, 2013 02:49
USDJPY Analysis. USDJPY’s upward movement from 92.56 extends to as high as 98.84. Support is now at 96.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at...

Daily Forex Analysis – April 5, 2013

by ForexCycle.com | April 5, 2013 03:04
EURUSD Analysis. EURUSD bounces strongly from 1.2747, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.3000 key resistance would likely be seen, a break above this level will indicate that...

Daily Forex Analysis – April 4, 2013

by ForexCycle.com | April 3, 2013 23:25
EURUSD Analysis. EURUSD had formed a cycle bottom at 1.2751 on 4-hour chart. Further rally could be expected, and next target would be at 1.2960 area. Key resistance is at 1.3000, as long as this level holds,...

Daily Forex Analysis – April 2, 2013

by ForexCycle.com | April 2, 2013 02:39
AUDUSD Analysis. AUDUSD may be forming a cycle bottom at 1.0385 on 4-hour chart. However, the rise would possibly be correction of the downtrend from 1.0496, as long as 1.0496 key resistance holds, one more fall to...

Daily Forex Analysis – April 1, 2013

by ForexCycle.com | April 1, 2013 01:06
USDJPY Analysis. USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 96.70. Key resistance is located at the upper line of the channel. As long as the channel resistance holds, the...