Daily Forex Analysis – October 11, 2011

by ForexCycle.com | October 11, 2011 02:14
AUDUSD Analysis. AUDUSD’s upward move from 0.9390 extended to as high as 1.0014. Support is now at 0.9850 followed by 0.9800, as long as these levels hold, uptrend could be expected to continue, and next target would...

Daily Forex Analysis – October 10, 2011

by ForexCycle.com | October 10, 2011 03:23
EURUSD Analysis. Being contained by the resistance of the downtrend line on 4-hour chart, EURUSD pulled back from 1.3524, suggesting that a cycle top is being formed. Now the fall from 1.3524 would possibly be resumption of...

Daily Forex Analysis – October 7, 2011

by ForexCycle.com | October 7, 2011 03:46
USDJPY Analysis. USDJPY broke below the uptrend line on 4-hour chart, suggesting that a cycle top has been formed at 77.25, and the rise from 76.09 has completed. Deeper decline to re-test 75.85 key support is expected,...

Daily Forex Analysis – October 6, 2011

by ForexCycle.com | October 6, 2011 03:48
USDJPY Analysis. USDJPY is facing the support of the uptrend line on 4-hour chart, as long as the trend line support holds, the fall from 77.25 is treated as consolidation of uptrend, one more rise towards 77.85...

Daily Forex Analysis – October 5, 2011

by ForexCycle.com | October 5, 2011 02:29
GBPUSD Analysis. Being contained by 1.5327 support, GBPUSD rebounded from 1.5341, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally would likely be seen in a couple of days, and target would be...

Daily Forex Analysis – October 4, 2011

by ForexCycle.com | October 4, 2011 02:20
GBPUSD Analysis. GBPUSD formed a cycle top at 1.5715 on 4-hour chart. Deeper decline towards 1.5327 previous low would likely be seen later today, as long as this level holds, the price action from 1.5327 is treated...

Daily Forex Analysis – October 3, 2011

by ForexCycle.com | October 3, 2011 04:00
USDCHF Analysis. Being supported by the lower border of the price channel on 4-hour chart, USDCHF rebounded from 0.8917, suggesting that a cycle bottom has been formed. Further rise to test 0.9181 resistance could be seen later...

Daily Forex Analysis – September 30, 2011

by ForexCycle.com | September 30, 2011 00:53
GBPUSD Analysis. GBPUSD’s rise from 1.5327 extended further to as high as 1.5715. Support is at 1.5500, as long as this level holds, uptrend could be expected to continue and the target would be at 1.5800 area....

Daily Forex Analysis – September 29, 2011

by ForexCycle.com | September 29, 2011 02:37
USDJPY Analysis. USDJPY moved sideways in a narrow range between 76.09 and 76.95. As long as 76.95 resistance holds, one more fall to re-test 75.96 previous low support is still possible, a breakdown below this level could...

Daily Forex Analysis – September 28, 2011

by ForexCycle.com | September 28, 2011 01:15
AUDUSD Analysis. AUDUSD has formed a cycle bottom at 0.9622 on 4-hour chart. Further rise to test the resistance of the downtrend line is possible, as long as the trend line resistance holds, the price action from...