Daily Forex Analysis – February 23, 2012

by ForexCycle.com | February 23, 2012 01:47
EURUSD Analysis. EURUSD is facing 1.3320 resistance, a break above this level could trigger another rise to 1.3500 zone. On the downside, as long as 1.3320 resistance holds, the rise from 1.2975 is treated as correction of...

Daily Forex Analysis – February 22, 2012

by ForexCycle.com | February 22, 2012 00:48
AUDUSD Analysis. AUDUSD is facing the key support of 1.0628, a breakdown below this level will indicate that the uptrend from 0.9861 (Dec 15, 2011 low) has completed at 1.0844 already, then the following downward movement could...

Daily Forex Analysis – February 21, 2012

by ForexCycle.com | February 21, 2012 01:58
AUDUSD Analysis. AUDUSD continues its sideways movement between 1.0628 and 1.0844. As long as 1.0628 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9861 (Dec 15, 2011 low),...

Daily Forex Analysis – February 20, 2012

by ForexCycle.com | February 20, 2012 03:29
USDCAD Analysis. After consolidation, USDCAD breaks below 0.9925 previous low and continues its downward movement from 1.0318. Further decline could be seen in a couple of days, and next target would be at 0.9850 area. Key resistance...

Daily Forex Analysis – February 17, 2012

by ForexCycle.com | February 17, 2012 03:27
USDCAD Analysis. After touching 1.0038 resistance, USDCAD dropped from 1.0050, suggesting that lengthier consolidation of the downtrend from 1.0318 is underway. Deeper decline to test 0.9925 support would likely be seen later today, a breakdown below this...

Daily Forex Analysis – February 16, 2012

by ForexCycle.com | February 16, 2012 02:34
USDCAD Analysis. USDCAD stays in a trading range between 0.9925 and 1.0038, Key resistance is at 1.0038, as long as this level holds, the price action in the trading range is treated as consolidation of downtrend from1.0318,...

Daily Forex Analysis – February 15, 2012

by ForexCycle.com | February 15, 2012 02:00
USDCHF Analysis. USDCHF’s bounce from 0.9088 extended to as high as 0.9228. Further rise to test 0.9262 key resistance is expected later today, a break above this level will indicate that the downtrend from 0.9594 had completed...

Daily Forex Analysis – February 14, 2012

by ForexCycle.com | February 14, 2012 02:28
USDCAD Analysis. After breaking above the upper line of the price channel on 4-hour chart, USDCAD pulled back from 1.0038. Range trading between 0.9925 and 1.0038 would likely be seen in a couple of days. As long...

Daily Forex Analysis – February 13, 2012

by ForexCycle.com | February 13, 2012 02:02
USDCHF Analysis. USDCHF has formed a cycle bottom at 0.9088 on 4-hour chart. Range trading between 0.9088 and 0.9262 would likely be seen in a couple of days. Key resistance is at 0.9262, as long as this...

Daily Forex Analysis – February 10, 2012

by ForexCycle.com | February 10, 2012 02:09
USDCAD Analysis. USDCAD is in downtrend from 1.0318, the price action from 0.9926 is treated as consolidation of downtrend. Resistance is now at the upper border of the price channel on 4-hour chart, as long as the...