Daily Forex Analysis – January 31, 2013

by ForexCycle.com | January 31, 2013 02:52
USDCHF Analysis. USDCHF’s downward movement from 0.9388 extends to as low as 0.9093. The pair is now facing 0.9083 previous low support, a breakdown below this level will indicate that the longer term downtrend from 0.9971 (Jul...

Daily Forex Analysis – January 30, 2013

by ForexCycle.com | January 30, 2013 03:00
USDCHF Analysis. USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9388, and the fall extends to as low as 0.9193. Resistance is at the trend line, as long as the...

Daily Forex Analysis – January 29, 2013

by ForexCycle.com | January 29, 2013 03:39
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0597, the rise from 1.0384 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to resume, and another...

Daily Forex Analysis – January 28, 2013

by ForexCycle.com | January 28, 2013 03:10
USDCHF Analysis. USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9388 and the fall extends to as low as 0.9222. Further decline is still possible after a minor consolidation and...

Daily Forex Analysis – January 25, 2013

by ForexCycle.com | January 25, 2013 03:16
GBPUSD Analysis. GBPUSD’s downward movement from 1.6176 extends to as low as 1.5756. Initial resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be...

Daily Forex Analysis – January 24, 2013

by ForexCycle.com | January 24, 2013 03:02
EURUSD Analysis. EURUSD stays in a trading range between 1.3256 and 1.3403. As long as 1.3256 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2998 and another rise towards...

Daily Forex Analysis – January 23, 2013

by ForexCycle.com | January 23, 2013 02:58
USDJPY Analysis. USDJPY breaks below the upward trend line on 4-hour chart, suggesting that a cycle top has been formed at 90.24 on 4-hour chart, and consolidation of the uptrend from 82.11 is underway. Range trading between...

Daily Forex Analysis – January 22, 2013

by ForexCycle.com | January 22, 2013 02:28
USDCAD Analysis. USDCAD is facing the resistance of the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 0.9824 is treated as consolidation of the downtrend...

Daily Forex Analysis – January 21, 2013

by ForexCycle.com | January 21, 2013 02:41
USDCAD Analysis. USDCAD broke above 0.9885 resistance and reached as high as 0.9946 last Friday, suggesting that lengthier consolidation of the downtrend from 1.0055 is underway. Further rise would likely be seen and the target would be...

Daily Forex Analysis – January 18, 2013

by ForexCycle.com | January 18, 2013 03:44
USDCAD Analysis. USDCAD remains in downtrend from 0.9970, the rise from 0.9815 is treated as consolidation of the uptrend. Resistance is at 0.9885, as long as this level holds, the downtrend could be expected to resume, and...