Daily Forex Analysis – December 13, 2012

by ForexCycle.com | December 13, 2012 02:30
USDCAD Analysis. USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0055, and the fall extends to as low as 0.9844. Further decline could be expected after a minor consolidation, and...

Daily Forex Analysis – December 11, 2012

by ForexCycle.com | December 11, 2012 03:02
AUDUSD Analysis. AUDUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.0287 has completed at 1.0515 already, then the...

Daily Forex Analysis – December 10, 2012

by ForexCycle.com | December 10, 2012 02:50
AUDUSD Analysis. AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0287. As long as the trend line support holds, the uptrend could be expected to continue, and further rise to...

Daily Forex Analysis – December 7, 2012

by ForexCycle.com | December 7, 2012 03:56
EURUSD Analysis. EURUSD breaks below the lower line of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3125 and the uptrend from 1.2661 has completed. The pair is now in...

Daily Forex Analysis – December 6, 2012

by ForexCycle.com | December 6, 2012 01:30
EURUSD Analysis. EURUSD may be forming a cycle top at 1.3125 on 4-hour chart. Range trading between 1.3000 and 1.3125 would likely be seen in a couple of days. Support is now located at the lower line...

Daily Forex Analysis – December 5, 2012

by ForexCycle.com | December 5, 2012 03:11
AUDUSD Analysis. AUDUSD breaks above the upper line of the price channel on 4-hour chart, suggesting that the fall from 1.0488 has completed at 1.0392 already. The pair is now facing 1.0488 resistance, a break above this...

Daily Forex Analysis – December 4, 2012

by ForexCycle.com | December 4, 2012 02:45
AUDUSD Analysis. AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0488. Initial resistance is now at the upper line of the channel, as long as the channel resistance holds, the...

Daily Forex Analysis – December 3, 2012

by ForexCycle.com | December 3, 2012 03:12
GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5827, and the rise extends to as high as 1.6062. As long as the trend line support holds, the price...

Daily Forex Analysis – November 30, 2012

by ForexCycle.com | November 30, 2012 02:32
USDCAD Analysis. USDCAD moves sideways in a narrow range between 0.9905 and 0.9960. The price action in the range is likely consolidation of the downtrend from 1.0055. Resistance is located at the upper line of the price...

Daily Forex Analysis – November 29, 2012

by ForexCycle.com | November 29, 2012 01:50
USDCAD Analysis. USDCAD remains in downtrend from 1.0055, the bounce from 0.9905 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel...