Daily Forex Analysis – January 25, 2012

by ForexCycle.com | January 25, 2012 02:18
USDJPY Analysis. USDJPY broke above 77.32 resistance, and reached as high as 77.84, suggesting that the downtrend from 78.21 had completed at 76.55 already. Further rise could be expected after a minor consolidation, and next target would...

Daily Forex Analysis – January 24, 2012

by ForexCycle.com | January 24, 2012 01:42
USDJPY Analysis. USDJPY is forming a sideways consolidation in a range between 76.55 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above...

Daily Forex Analysis – January 23, 2012

by ForexCycle.com | January 23, 2012 03:54
USDCHF Analysis. USDCHF failed to break below 0.9304 support and rebounded from 0.9305 last Friday, however, another fall to re-test this support is still possible later today, a breakdown below it will suggest that the uptrend from...

Daily Forex Analysis – January 20, 2012

by ForexCycle.com | January 20, 2012 03:30
AUDUSD Analysis. AUDUSD remains in uptrend from 0.9861, the price action from 1.0448 is treated as consolidation of uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as this channel...

Daily Forex Analysis – January 19, 2012

by ForexCycle.com | January 19, 2012 01:46
AUDUSD Analysis. AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Support is at 1.0300, as long as this level holds, the price action from 1.0448 is treated as consolidation...

Daily Forex Analysis – January 18, 2012

by ForexCycle.com | January 18, 2012 02:42
AUDUSD Analysis. AUDUSD broke above 1.0385 resistance and continued its upward movement from 0.9861. Further rise is expected after a minor consolidation, and next target would be at 1.0500 area. Support is now at 1.0300, as long...

Daily Forex Analysis – January 16, 2012

by ForexCycle.com | January 16, 2012 02:22
AUDUSD Analysis. AUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145...

Daily Forex Analysis – January 13, 2012

by ForexCycle.com | January 13, 2012 02:29
USDCHF Analysis. USDCHF continued its downward move from 0.9594, and the fall extended to as low as 0.9411. Further fall to test the support of the upward trend line from 0.9066 to 0.9304 is expected later today,...

Daily Forex Analysis – January 12, 2012

by ForexCycle.com | January 12, 2012 02:43
AUDUSD Analysis. AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Initial support is at the lower line of the channel, as long as the channel support holds, the price...

Daily Forex Analysis – January 11, 2012

by ForexCycle.com | January 11, 2012 02:12
AUDUSD Analysis. AUDUSD’s bounce from the lower border of the price channel on 4-hour chart is likely resumption of uptrend from 0.9861. Further rise to test 1.0385 resistance would likely be seen later today, a break above...