Daily Forex Analysis – December 21, 2011

by ForexCycle.com | December 21, 2011 01:43
USDCHF Analysis. USDCHF is facing the support of the lower line of the price channel on 4-hour chart, a clear break below the channel support will suggest that the uptrend from 0.8569 has completed at 0.9546 already,...

Daily Forex Analysis – December 20, 2011

by ForexCycle.com | December 20, 2011 01:59
AUDUSD Analysis. AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0378. As long as the channel resistance holds, downtrend could be expected to resume, and another fall towards 0.9663 is...

Daily Forex Analysis – December 19, 2011

by ForexCycle.com | December 19, 2011 01:55
USDCHF Analysis. USDCHF formed a cycle top at 0.9546 on 4-hour chart. Deeper decline would likely be seen and target would be at the lower border of the price channel. However, the fall from 0.9546 is treated...

Daily Forex Analysis – December 16, 2011

by ForexCycle.com | December 16, 2011 03:06
USDCAD Analysis. USDCAD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line could indicate that a cycle top has been formed at 1.0422 on 4-hour chart, and...

Daily Forex Analysis – December 15, 2011

by ForexCycle.com | December 15, 2011 01:30
AUDUSD Analysis. AUDUSD continued its downward movement from 1.0378, and the fall extended to as low as 0.9883. Further decline could be seen in a couple of days, and next target would be at 0.9800 area. Resistance...

Daily Forex Analysis – December 14, 2011

by ForexCycle.com | December 14, 2011 01:19
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0378, and the fall has extended to as low as 0.9979. Further decline could be seen after a minor consolidation and next target would be at 0.9800 area. Resistance is...

Daily Forex Analysis – December 13, 2011

by ForexCycle.com | December 13, 2011 03:41
USDCHF Analysis. USDCHF broke above 0.9329 resistance, suggesting that the uptrend from 0.8569 has resumed. Further rise could be expected over the next several days, and target would be at 1.0000 area. Support is now at the...

Daily Forex Analysis – December 12, 2011

by ForexCycle.com | December 12, 2011 02:02
GBPUSD Analysis. GBPUSD traded in a range between 1.5561 and 1.5779 for several days. One more fall to test 1.5423 support is still possible, a breakdown below this level could signal resumption of the downtrend from 1.6164....

Daily Forex Analysis – December 9, 2011

by ForexCycle.com | December 9, 2011 02:11
GBPUSD Analysis. GBPUSD failed to break above 1.5779 resistance, and pulled back from 1.5768 yesterday, suggesting that lengthier sideways movement in a range between 1.5423 and 1.5779 is underway. Deeper decline to 1.5500 area to reach next...

Daily Forex Analysis – December 8, 2011

by ForexCycle.com | December 8, 2011 03:13
GBPUSD Analysis. GBPUSD broke above the downward price channel on 4-hour chart, suggesting that the fall from 1.6164 had completed at 1.5423 already. Further rally to test 1.5779 key resistance would likely be seen, a break above...