Daily Forex Analysis – October 25, 2011

by ForexCycle.com | October 25, 2011 00:59
USDJPY Analysis. After breaking below 75.96 previous low, USDJPY bounced from 75.81. Key resistance is now at 76.47, as long as this level holds, the bounce is treated as consolidation of downtrend from 77.48, another fall towards...

Daily Forex Analysis – October 24, 2011

by ForexCycle.com | October 24, 2011 01:05
EURUSD Analysis. EURUSD stays in a trading range between 1.3653 and 1.3914. As long as 1.3653 support holds, the price action in the range is treated as consolidation of uptrend from 1.3146, and one more rise to...

Daily Forex Analysis – October 21, 2011

by ForexCycle.com | October 21, 2011 01:49
GBPUSD Analysis. GBPUSD traded in a range between 1.5631 and 1.5851 for several days. As long as 1.5631 support holds, the price action in the range could be treated as consolidation of uptrend from 1.5272, another rise...

Daily Forex Analysis – October 20, 2011

by ForexCycle.com | October 20, 2011 00:53
AUDUSD Analysis. AUDUSD moved sideways in a range between 1.0102 and 1.0371. As long as 1.0102 key support holds, the price action in the range is treated as consolidation of uptrend from 0.9390, and one more rise...

Daily Forex Analysis – October 19, 2011

by ForexCycle.com | October 19, 2011 00:40
AUDUSD Analysis. AUDUSD is forming a cycle top at 1.0371 on 4-hour chart. Another fall to re-test 1.0100 key support would likely be seen later today, a breakdown below this level will indicate that the rise from...

Daily Forex Analysis – October 18, 2011

by ForexCycle.com | October 18, 2011 01:33
AUDUSD Analysis. AUDUSD broke below the uptrend line on 4-hour chart, suggesting that a cycle top is being formed. Deeper decline would likely be seen in a couple of days, and target would be at 0.9900 zone....

Daily Forex Analysis – October 17, 2011

by ForexCycle.com | October 17, 2011 01:16
AUDUSD Analysis. AUDUSD stays above a uptrend line on 4-hour chart, and remains in uptrend from 0.9390, and the rise has extended to as high as 1.0344. As long as the trend line support holds, uptrend could...

Daily Forex Analysis – October 14, 2011

by ForexCycle.com | October 14, 2011 03:13
EURUSD Analysis. EURUSD remains in uptrend from 1.3146, the pullback from 1.3833 is treated as consolidation of uptrend. Support is now at 1.3650, as long as this level holds, uptrend could be expected to resume, and another...

Daily Forex Analysis – October 13, 2011

by ForexCycle.com | October 12, 2011 23:42
USDCHF Analysis. USDCHF broke below the price channel on 4-hour chart, and is now facing the support of 0.8917, as long as this level holds, the fall from 0.9314 is treated as consolidation of uptrend from 0.7711,...

Daily Forex Analysis – October 12, 2011

by ForexCycle.com | October 12, 2011 01:08
USDCHF Analysis. Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebounded from 0.9002, suggesting that a cycle bottom is being formed. Further rally would likely be seen later today, and a...