Daily Forex Analysis – February 18, 2011

by ForexCycle.com | February 18, 2011 10:45
USDJPY Analysis. USDJPY stays above 83.09 support and remains in uptrend from 81.13, the fall from 83.96 is treated as consolidation of uptrend. As long as 83.09 support holds, uptrend could be expected to resume and one...

Daily Forex Analysis – February 17, 2011

by ForexCycle.com | February 17, 2011 11:34
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0199, the price action in the trading range between 0.9943 and 1.0073 is treated as consolidation of downtrend. As long as 1.0073 resistance holds, downtrend could be expected to resume...

Daily Forex Analysis – February 16, 2011

by ForexCycle.com | February 16, 2011 10:54
GBPUSD Analysis. GBPUSD broke above the falling price channel on 4-hour chart, suggesting that a cycle bottom had been formed at 1.5962 level. Further rise towards 1.6277 is expected later today, a break above this level will...

Daily Forex Analysis – February 15, 2011

by ForexCycle.com | February 15, 2011 11:07
USDCHF Analysis. USDCHF remains in uptrend from 0.9328, the fall from 0.9774 is likely consolidation of uptrend. Initial support is at the lower border of the rising price channel on 4-hour chart, and key support is at...

Daily Forex Analysis – February 14, 2011

by ForexCycle.com | February 14, 2011 09:54
USDCHF Analysis. USDCHF stays above a rising trend line on 4-hour chart. As long as the trend line support holds, uptrend could be expected to continue and next target would be at 0.9800-0.9850 area. However, a clear...

Daily Forex Analysis – February 11, 2011

by ForexCycle.com | February 11, 2011 11:52
GBPUSD Analysis. GBPUSD had reached the rising trend line on 4-hour chart. However, the fall from 1.6277 is still treated as consolidation of uptrend from 1.5344 (Dec 28, 2010 low), and rebound from the trend line is...

Daily Forex Analysis – February 10, 2011

by ForexCycle.com | February 10, 2011 11:43
USDCHF Analysis. USDCHF remains in uptrend from 0.9328, and the pullback from 0.9660 is likely consolidation of uptrend. Support is at 0.9523, as long as this level holds, uptrend could be expected to continue and next target...

Daily Forex Analysis – February 9, 2011

by ForexCycle.com | February 9, 2011 11:14
GBPUSD Analysis. GBPUSD remains in uptrend from 1.5344 (Dec 28, 2010 low). As long as the trend line support holds, the fall from 1.6277 is treated as consolidation of uptrend, and one more rise to re-test 1.6298...

Daily Forex Analysis – February 8, 2011

by ForexCycle.com | February 8, 2011 02:54
GBPUSD Analysis. GBPUSD stays above a rising trend line on 4-hour chart and remains in uptrend from 1.5344 (Dec 28, 2010 low), the fall from 1.6277 treated as consolidation of uptrend. Sideways movement in a range between...

Daily Forex Analysis – February 7, 2011

by ForexCycle.com | February 7, 2011 02:54
GBPUSD Analysis. GBPUSD failed to break above 1.6298 (Nov 4, 2010 high) resistance and pulled back from 1.6277 last week, suggesting that a cycle top had been formed on 4-hour chart. However, the fall from 1.6277 is...