Daily Forex Analysis – May 4, 2012

by ForexCycle.com | May 4, 2012 01:54
USDJPY Analysis. USDJPY remains in downtrend from 84.17, the price action from 79.63 is treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the...

Daily Forex Analysis – May 3, 2012

by ForexCycle.com | May 3, 2012 02:44
USDJPY Analysis. USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 84.17 (Mar 15 high), the rise from 79.63 is treated as consolidation of the downtrend. Another rise to test the...

Daily Forex Analysis – May 2, 2012

by ForexCycle.com | May 2, 2012 01:25
USDJPY Analysis. USDJPY may be forming a cycle bottom at 79.63 on 4-hour chart. Another rise to test the resistance of the downward price channel would likely be seen, a clear break above the upper line of...

Daily Forex Analysis – May 1, 2012

by ForexCycle.com | May 1, 2012 00:16
AUDUSD Analysis. AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, we’d expect uptrend to resume, and another rise to 1.0550 is still possible. However,...

Daily Forex Analysis – April 30, 2012

by ForexCycle.com | April 30, 2012 02:43
GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5818. As long as the trend line support holds, uptrend could be expected to continue, and next target would be...

Daily Forex Analysis – April 27, 2012

by ForexCycle.com | April 27, 2012 02:32
EURUSD Analysis. EURUSD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.2995, the fall from 1.3262 is treated as consolidation of the uptrend. As long as the channel support holds, uptrend...

Daily Forex Analysis – April 26, 2012

by ForexCycle.com | April 26, 2012 02:18
AUDUSD Analysis. Being contained by 1.0225 support, AUDUSD rebounded from 1.0246, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.0463 key resistance would likely be seen, a break above this...

Daily Forex Analysis – April 25, 2012

by ForexCycle.com | April 25, 2012 02:23
USDJPY Analysis. USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 84.17, the price action from 80.31 is likely consolidation of the downtrend.. Now the fall from 81.77 would possibly be...

Daily Forex Analysis – April 24, 2012

by ForexCycle.com | April 24, 2012 01:02
USDJPY Analysis. Being contained by the upper border of the price channel on 4-hour chart, USDJPY pulls back from 81.77, suggesting that a cycle top is being formed. Deeper decline to test 80.31 previous low support would...

Daily Forex Analysis – April 23, 2012

by ForexCycle.com | April 23, 2012 02:04
USDJPY Analysis. USDJPY is testing the resistance of the upper line of the price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downward movement from 84.17 has completed at 80.81...