Daily Forex Analysis – June 14, 2011

by ForexCycle.com | June 14, 2011 11:15
EURUSD Analysis. EURUSD remains in downtrend from 1.4696, the bounce from 1.4321 is likely consolidation of downtrend. Resistance is at 1.4460, as long as this level holds, downtrend could be expected to resume, and another fall towards...

Daily Forex Analysis – June 13, 2011

by ForexCycle.com | June 13, 2011 09:34
USDCAD Analysis. After touching the trend line from 0.9513 to 0.9655, USDCAD rebounded from 0.9712, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise towards 0.9851 is expected later today, a break above...

Daily Forex Analysis – June 10, 2011

by ForexCycle.com | June 10, 2011 10:02
USDJPY Analysis. Being contained by 79.58 support, USDJPY rebounded from 79.69, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally would likely be seen later today, and target would be at the upper...

Daily Forex Analysis – June 9, 2011

by ForexCycle.com | June 9, 2011 09:28
AUDUSD Analysis. Being contained by the resistance of the upper border of the price channel on 4-hour chart, AUDUSD pulled back from 1.0773. The pair is now facing 1.0587 key support, a breakdown below this level will...

Daily Forex Analysis – June 8, 2011

by ForexCycle.com | June 8, 2011 09:27
EURUSD Analysis. EURUSD stays above the rising trend line on 4-hour chart, and remains in uptrend from 1.3969. Key support is now at 1.4557, as long as this level holds, uptrend could be expected to continue, and...

Daily Forex Analysis – June 7, 2011

by ForexCycle.com | June 7, 2011 09:10
AUDUSD Analysis. AUDUSD is testing the resistance of the upper border of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that lengthier consolidation of downtrend from 1.1011 is underway, then...

Daily Forex Analysis – June 6, 2011

by ForexCycle.com | June 6, 2011 10:48
AUDUSD Analysis. AUDUSD has reached the upper border of the price channel on 4-hour chart. Pullback would likely be seen later today. Support is at 1.0587, a breakdown below this level will indicate that the downtrend from...

Daily Forex Analysis – June 3, 2011

by ForexCycle.com | June 3, 2011 11:05
EURUSD Analysis. EURUSD stays in a rising price channel on 4-hour chart, and remains in uptrend from 1.3969. As long as the channel support holds, uptrend could be expected to continue and next target would be at...

Daily Forex Analysis – June 2, 2011

by ForexCycle.com | June 2, 2011 10:36
USDCAD Analysis. Being contained by 0.9639 support, USDCAD rebounded strongly from 0.9655, suggesting that a cycle bottom has been formed on 4-hour chart. Now the rise from 0.9655 would possibly be resumption of uptrend from 0.9444. Further...

Daily Forex Analysis – June 1, 2011

by ForexCycle.com | June 1, 2011 08:02
USDCAD Analysis. USDCAD’s fall from 0.9816 extended to as low as 0.9655. Deeper decline to test 0.9639 key support could be seen later today, a breakdown below this level will indicate that the uptrend from 0.9444 had...