Daily Forex Analysis – November 8, 2011

by ForexCycle.com | November 8, 2011 02:49
USDCHF Analysis. USDCHF broke above 0.8958 resistance, suggesting that the uptrend from 0.8569 had resumed. Further rise is still possible in a couple of days, and target would be at 0.9150-0.9200 area. Support is now at the...

Daily Forex Analysis – November 7, 2011

by ForexCycle.com | November 7, 2011 01:10
EURUSD Analysis. EURUSD had formed a cycle bottom at 1.3609 on 4-hour chart. Further rally is still possible in a couple of days, and target would be at 1.3950-1.4000 area. However, the rise is treated as consolidation...

Daily Forex Analysis – November 4, 2011

by ForexCycle.com | November 4, 2011 03:25
GBPUSD Analysis. GBPUSD’s fall from 1.6164 can reach 1.5877 only, the subsequent rise would possibly be resumption of uptrend from 1.5272. Further rise to test 1.6164 key resistance is expected later today, a break above this level...

Daily Forex Analysis – November 3, 2011

by ForexCycle.com | November 3, 2011 01:55
USDCAD Analysis. Being contained by 1.0265 resistance, USDCAD pulled back from 1.0222. However, the fall is treated as consolidation of uptrend from 0.9891, another rise towards 1.0400 is still possible after consolidation. Support is at 1.0100, only...

Daily Forex Analysis – November 2, 2011

by ForexCycle.com | November 2, 2011 00:57
GBPUSD Analysis. GBPUSD is facing 1.5891 support, as long as this level holds, the fall from 1.6164 is treated as consolidation of uptrend from 1.5272, and another rise to 1.6250-1.6300 area is still possible. However, a breakdown...

Daily Forex Analysis – November 1, 2011

by ForexCycle.com | November 1, 2011 02:58
AUDUSD Analysis. AUDUSD broke below 1.0500 support, suggesting that a cycle top has been formed at 1.0751 on 4-hour chart. Support is now at the uptrend line, as long as the trend line support holds, the fall...

Daily Forex Analysis – October 31, 2011

by ForexCycle.com | October 31, 2011 01:23
USDCHF Analysis. USDCHF stays below a downtrend line on 4-hour chart, and remains in downtrend from 0.9082. As long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at...

Daily Forex Analysis – October 28, 2011

by ForexCycle.com | October 28, 2011 00:19
USDCHF Analysis. USDCHF remains in downtrend from 0.9082, and the fall extended to as low as 0.8572. Further fall could be seen after a minor consolidation, and next target would be at 0.8400 area. Key resistance is...

Daily Forex Analysis – October 27, 2011

by ForexCycle.com | October 27, 2011 01:13
AUDUSD Analysis. AUDUSD remains in uptrend, the fall from 1.0500 is treated as consolidation of uptrend. Support is now at the lower border of the price channel on 4-hour chart, as long as the channel support holds,...

Daily Forex Analysis – October 26, 2011

by ForexCycle.com | October 26, 2011 01:46
USDJPY Analysis. USDJPY’s downward movement from 77.48 extended further to as low as 75.74. Key resistance is at 76.47, as long as this level holds, downtrend could be expected to continue, and next target would be at...