Daily Forex Analysis – May 3, 2011

by ForexCycle.com | May 3, 2011 10:44
EURUSD Analysis. EURUSD remains in uptrend from 1.4157, the price action from 1.4881 is treated as consolidation of uptrend. Deeper decline would likely be seen later today. Support is at the lower border of the price channel...

Daily Forex Analysis – May 2, 2011

by ForexCycle.com | May 2, 2011 08:25
EURUSD Analysis. EURUSD may be forming a cycle top at 1.4881 level on 4-hour chart. Range trading between 1.4700 and 1.4881 would likely be seen in a couple of days. However, the price action from 1.4881 is...

Daily Forex Analysis – April 29, 2011

by ForexCycle.com | April 29, 2011 09:48
USDCAD Analysis. Being supported by 0.9453 previous low, USDCAD rebounded from 0.9463, suggesting that lengthier consolidation in a range between  0.9453 and 0.9575 is underway, and another rise to 0.9650 to reach next cycle top on 4-hour...

Daily Forex Analysis – April 28, 2011

by ForexCycle.com | April 28, 2011 10:29
USDCAD Analysis. USDCAD formed a sideways consolidation in a range between 0.9453 and 0.9575. As long as 0.9453 support holds, lengthier consolidation in the range is expected, and another rise to 0.9650 to reach next cycle top...

Daily Forex Analysis – April 27, 2011

by ForexCycle.com | April 27, 2011 09:03
USDJPY Analysis. USDJPY continued its downward movement from 85.51, and the fall extended further to as low as 81.26. Initial resistance is at the upper border of the price channel on 4-hour chart, as long as the...

Daily Forex Analysis – April 26, 2011

by ForexCycle.com | April 26, 2011 07:33
USDJPY Analysis. USDJPY stays in a falling price channel on 4-hour chart, and remains in downtrend from 85.51. Key resistance is now at 82.42, as long as this level holds, downtrend could be expected to continue, and...

Daily Forex Analysis – April 25, 2011

by ForexCycle.com | April 25, 2011 10:03
USDJPY Analysis. USDJPY remains in downtrend from 85.51, the price action from 81.62 is treated as consolidation of downtrend. Resistance is at the upper border of the price channel on 4-hour chart, downtrend could be expected to...

Daily Forex Analysis – April 22, 2011

by ForexCycle.com | April 22, 2011 08:44
USDJPY Analysis. USDJPY’s downward movement from 85.51 extended further to as low as 81.62. Resistance is at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be...

Daily Forex Analysis – April 21, 2011

by ForexCycle.com | April 21, 2011 09:45
USDJPY Analysis. USDJPY stays in a falling price channel on 4-hour chart, and remains in downtrend from 85.51. Key resistance is located at 83.09, as long as this level holds, downtrend could be expected to continue, and...

Daily Forex Analysis – April 20, 2011

by ForexCycle.com | April 20, 2011 08:58
USDJPY Analysis. USDJPY remains in downtrend from 85.51. The bounce from 82.18 is likely consolidation of downtrend. Resistance is at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds,...