Daily Forex Analysis – June 18, 2012

by ForexCycle.com | June 18, 2012 01:58
USDCHF Analysis. USDCHF breaks below 0.9478 support and reaches as low as 0.9421. Further decline could be expected after a minor consolidation, and next target would be at 0.9300 area. Initial resistance is at the downward trend...

Daily Forex Analysis – June 15, 2012

by ForexCycle.com | June 15, 2012 02:24
USDJPY Analysis. USDJPY stays in a narrow range between 79.11 and 79.78. Initial support is located at 79.11, as long as this level holds, the sideways movement is treated as consolidation of the short term uptrend from...

Daily Forex Analysis – June 14, 2012

by ForexCycle.com | June 14, 2012 03:25
USDJPY Analysis. USDJPY continues its sideways movement in a narrow range between 79.11 and 79.78. As long as 79.11 support holds, the price action in the range is treated as consolidation of the short term uptrend from...

Daily Forex Analysis – June 13, 2012

by ForexCycle.com | June 13, 2012 01:19
AUDUSD Analysis. AUDUSD traded in a range between 0.9820 and 1.0007 for several days. As long as 0.9820 support holds, the price action in the range is treated as consolidation of the uptrend from 0.9581, and further...

Daily Forex Analysis – June 12, 2012

by ForexCycle.com | June 12, 2012 01:53
EURUSD Analysis. Being contained by 1.2670 resistance, EURUSD pulls back from 1.2668. Another rise to retest 1.2670 key resistance is still possible, a break above this level could indicate that the downtrend from 1.3283 has completed at...

Daily Forex Analysis – June 11, 2012

by ForexCycle.com | June 11, 2012 01:33
USDCHF Analysis. USDCHF breaks below 0.9500 key support and reaches as low as 0.9478, suggesting that the uptrend from 0.9043 has completed at 0.9769 already. The pair is now in downtrend, further decline could be expected over...

Daily Forex Analysis – June 8, 2012

by ForexCycle.com | June 8, 2012 02:18
EURUSD Analysis. EURUSD’s bounce from 1.2288 extends to as high as 1.2585. Another rise to test 1.2670 key resistance would likely be seen later today, as long as this level holds, the price action from 1.2288 could...

Daily Forex Analysis – June 7, 2012

by ForexCycle.com | June 7, 2012 00:54
USDCHF Analysis. USDCHF’s fall from 0.9769 extends to as low as 0.9540. Deeper decline to test 0.9500 support would likely be seen later today, as long as this level holds, the fall is treated as consolidation of...

Daily Forex Analysis – June 6, 2012

by ForexCycle.com | June 6, 2012 02:41
AUDUSD Analysis. AUDUSD breaks above the downward trend line from 1.0474 to 0.9897, suggesting that lengthier consolidation of the downtrend from 1.0474 is underway. Range trading between 0.9581 and 0.9897 would likely be seen over the next...

Daily Forex Analysis – June 5, 2012

by ForexCycle.com | June 5, 2012 01:32
USDCHF Analysis. USDCHF breaks below the upward trend line from 0.9043 to 0.9367, suggesting lengthier consolidation of the uptrend from 0.9043 is underway. Range trading between 0.9500 and 0.9769 would likely be seen over the next several...