Daily Forex Analysis – January 3, 2013

by ForexCycle.com | January 3, 2013 03:22
EURUSD Analysis. EURUSD remains in uptrend from 1.2661, the fall from 1.3308 is likely consolidation of the uptrend. Deeper decline would likely be seen, and the target would be at 1.3100 area. Key resistance is at 1.3308,...

Daily Forex Analysis – December 31, 2012

by ForexCycle.com | December 31, 2012 02:49
EURUSD Analysis. EURUSD continues its sideways movement in a range between 1.3157 and 1.3308. Key support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the price...

Daily Forex Analysis – December 28, 2012

by ForexCycle.com | December 28, 2012 02:53
EURUSD Analysis. EURUSD stays in a trading range between 1.3157 and 1.3308. Another fall towards the lower line of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the...

Daily Forex Analysis – December 27, 2012

by ForexCycle.com | December 27, 2012 01:36
USDCAD Analysis. USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9824. Support is at the uptrend line, as long as the trend line support holds, the fall from 0.9953 is...

Daily Forex Analysis – December 24, 2012

by ForexCycle.com | December 24, 2012 01:48
GBPUSD Analysis. GBPUSD breaks below the upward trend line on 4-hour chart, suggesting that a cycle top has been formed at 1.6306 on 4-hour chart. Further decline is still possible and the first target would be at...

Daily Forex Analysis – December 20, 2012

by ForexCycle.com | December 20, 2012 00:42
USDCAD Analysis. USDCAD breaks above the upper line of the price channel on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0055 is underway. Range trading between 0.9824 and 0.9920 would likely be seen in...

Daily Forex Analysis – December 19, 2012

by ForexCycle.com | December 19, 2012 01:30
USDCAD Analysis. USDCAD remains in downtrend from 1.0055, the price action from 0.9824 is likely consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel...

Daily Forex Analysis – December 18, 2012

by ForexCycle.com | December 18, 2012 03:24
AUDUSD Analysis. AUDUSD moves sideways in a range between 1.0507 and 1.0585. Support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the sideways move could be...

Daily Forex Analysis – December 17, 2012

by ForexCycle.com | December 17, 2012 02:15
AUDUSD Analysis. AUDUSD has formed a cycle top at 1.0585 on 4-hour chart. Sideways movement in a range between 1.0500 and 1.0585 would likely be seen. Key support is located at the lower line of the price...

Daily Forex Analysis – December 14, 2012

by ForexCycle.com | December 14, 2012 02:50
AUDUSD Analysis. Being contained by 1.0624 (Sep 14 high) resistance, AUDUSD pulls back from 1.0585, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.0500 and 1.0585 would likely be seen in...