Daily Forex Analysis – March 22, 2012

by ForexCycle.com | March 22, 2012 01:18
USDJPY Analysis. USDJPY moves sideways below 84.17. The sideways movement is likely consolidation of the uptrend from 76.02. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support...

Daily Forex Analysis – March 21, 2012

by ForexCycle.com | March 21, 2012 01:40
GBPUSD Analysis. GBPUSD remains in short term uptrend from 1.5602, the pullback from 1.5913 is likely consolidation of the uptrend. Support level is at 1.5800, as long as this level holds, uptrend could be expected to resume,...

Daily Forex Analysis – March 20, 2012

by ForexCycle.com | March 20, 2012 02:02
GBPUSD Analysis. GBPUSD’s rise from 1.5602 extends to as high as 1.5913. Further rise to test 1.5991 previous high resistance would likely be seen later today, a break above this level will signal resumption of the uptrend...

Daily Forex Analysis – March 19, 2012

by ForexCycle.com | March 19, 2012 02:27
AUDUSD Analysis. AUDUSD broke above the downward trend line on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0855 is underway. Range trading between 1.0421 and 1.0665 would likely be seen. As long as 1.0665...

Daily Forex Analysis – March 16, 2012

by ForexCycle.com | March 16, 2012 02:40
USDJPY Analysis. USDJPY stays above a rising trend line on 4-hour chart, and remains in uptrend from 80.58, the fall from 84.17 is treated as consolidation of the uptrend. Support is at the trend line, as long...

Daily Forex Analysis – March 15, 2012

by ForexCycle.com | March 15, 2012 01:49
GBPUSD Analysis. GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.5991, the price action from 1.5602 is treated as consolidation of the downtrend. Another fall would likely be seen after...

Daily Forex Analysis – March 14, 2012

by ForexCycle.com | March 14, 2012 01:26
USDCAD Analysis. No changed in our view, USDCAD remains in consolidation of the downtrend from 1.0422 (Dec 14, 2011 high). Lengthier sideways movement in the range between 0.9841 and 1.0050 would likely be seen in a couple...

Daily Forex Analysis – March 13, 2012

by ForexCycle.com | March 13, 2012 03:32
USDCAD Analysis. USDCAD continues its sideways movement in a range between 0.9841 and 1.0050. As long as 1.0050 key resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0422 (Dec...

Daily Forex Analysis – March 12, 2012

by ForexCycle.com | March 12, 2012 02:22
USDCAD Analysis. USDCAD stays in a trading range between 0.9841 and 1.0050. Lengthier sideways movement in the range would likely be seen over the next several days. As long as 1.0050 key resistance holds, the price action...

Daily Forex Analysis – March 9, 2012

by ForexCycle.com | March 9, 2012 04:09
USDCAD Analysis. USDCAD’s fall from 1.0028 extends to as low as 0.9892. Lengthier sideways movement in a range between 0.9841 and 1.0050 is expected in a couple of days. As long as 1.0050 key resistance holds, the...