Daily Forex Analysis – October 31, 2013

by ForexCycle.com | October 31, 2013 01:41
AUDUSD Analysis. AUDUSD remains in downtrend from 0.9756, and the fall extends to as low as 0.9441. Resistance is at 0.9565, as long as this level holds, the downtrend could be expected to continue, and next target...

Daily Forex Analysis – October 30, 2013

by ForexCycle.com | October 30, 2013 02:17
GBPUSD Analysis. GBPUSD stays in a trading range between 1.5894 and 1.6259. As long as 1.5894 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low),...

Daily Forex Analysis – October 29, 2013

by ForexCycle.com | October 29, 2013 03:02
USDJPY Analysis. USDJPY is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 99.00 had completed at 96.94 already, then another...

Daily Forex Analysis – October 28, 2013

by ForexCycle.com | October 28, 2013 01:20
USDCHF Analysis. USDCHF stays within a downward price channel on 4-hour chart, and remains in downtrend from 0.9177. Initial resistance is at the upper line of the channel, as long as the channel resistance holds, the downtrend...

Daily Forex Analysis – October 25, 2013

by ForexCycle.com | October 25, 2013 01:00
USDJPY Analysis. USDJPY’s fall from 99.00 extends to as low as 97.15. Resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the short term downtrend from...

Daily Forex Analysis – October 24, 2013

by ForexCycle.com | October 24, 2013 01:53
AUDUSD Analysis. AUDUSD breaks below the upward trend line on 4-hour chart, suggesting that consolidation of the uptrend from 0.9280 is underway. Deeper decline is still possible and the target would be at 0.9550 area. As long...

Daily Forex Analysis – October 23, 2013

by ForexCycle.com | October 23, 2013 02:18
AUDUSD Analysis. AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9280. As long as the trend line support holds, the uptrend could be expected to continue, and next target would...

Daily Forex Analysis – October 22, 2013

by ForexCycle.com | October 22, 2013 03:53
GBPUSD Analysis. GBPUSD failed to break above 1.6259 resistance, suggesting that lengthier consolidation of the uptrend from 1.4813 (Jul 9 low) is underway. Range trading between 1.5894 and 1.6259 would likely be seen in a couple of...

Daily Forex Analysis – October 21, 2013

by ForexCycle.com | October 21, 2013 02:01
GBPUSD Analysis. GBPUSD is facing 1.6259 resistance, a break above this level will indicate that the uptrend from 1.4813 (Jul 9 low) has resumed, then the following upward movement could bring price to 1.6500 zone. Support is...

Daily Forex Analysis – October 18, 2013

by ForexCycle.com | October 18, 2013 01:03
GBPUSD Analysis. GBPUSD breaks above 1.6060 resistance, suggesting that the downtrend from 1.6259 has completed. Further rise to test 1.6259 resistance would likely be seen, a break above this level will signal resumption of the uptrend from...