Daily Forex Analysis – October 15, 2012

by ForexCycle.com | October 15, 2012 02:25
EURUSD Analysis. EURUSD stays in a trading range between 1.2803 and 1.3071. Another rise to test 1.3071 resistance would likely be seen, a break above this level will signal resumption of the longer term uptrend from 1.2042,...

Daily Forex Analysis – October 12, 2012

by ForexCycle.com | October 12, 2012 01:30
AUDUSD Analysis. AUDUSD breaks above 1.0274 resistance, and is now facing the downward trend line resistance. As long as the trend line resistance holds, the downtrend from 1.0624 could be expected to resume, and another fall to...

Daily Forex Analysis – October 11, 2012

by ForexCycle.com | October 11, 2012 02:37
AUDUSD Analysis. AUDUSD stays in a trading range between 1.0149 and 1.0274, as long as the trend line resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0624, another fall...

Daily Forex Analysis – October 10, 2012

by ForexCycle.com | October 10, 2012 02:15
AUDUSD Analysis. AUDUSD moves sideways in a range between 1.0149 and 1.0274. Key resistance remains at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the price action in the range...

Daily Forex Analysis – October 9, 2012

by ForexCycle.com | October 9, 2012 01:19
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0624, the price action from 1.0181 is treated as consolidation of the downtrend. Range trading between 1.0149 and 1.0280 would likely be seen in a couple of days. Key resistance...

Daily Forex Analysis – October 8, 2012

by ForexCycle.com | October 8, 2012 02:28
GBPUSD Analysis. GBPUSD failed to break above the resistance of the downward trend line on 4-hour chart, and pulled back from 1.6216 last Friday, suggesting that a cycle top has been formed on 4-hour chart. However, the...

Daily Forex Analysis – October 5, 2012

by ForexCycle.com | October 5, 2012 02:13
AUDUSD Analysis. Being contained by 1.0167 support, AUDUSD rebounds from 1.0181, suggesting that a cycle bottom is being formed on 4-hour chart. Range trading between 1.0181 and 1.0300 would likely be seen over the next several days....

Daily Forex Analysis – October 4, 2012

by ForexCycle.com | October 4, 2012 01:45
USDCAD Analysis. USDCAD’s upward movement from 0.9632 extends to as high as 0.9884. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend...

Daily Forex Analysis – October 3, 2012

by ForexCycle.com | October 3, 2012 02:59
USDCAD Analysis. USDCAD stays in a trading range between 0.9780 and 0.9859. Key support is at 0.9780, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from...

Daily Forex Analysis – October 2, 2012

by ForexCycle.com | October 2, 2012 01:26
USDCAD Analysis. USDCAD moves sideways in a range between 0.9780 and 0.9859. Support is at 0.9780, as long as this level holds, the price action in the range is treated as consolidation of the uptrend from 0.9632,...