Daily Forex Analysis – December 20, 2010

by ForexCycle.com | December 20, 2010 10:22
AUDUSD Analysis. AUDUSD trades in the bottom of the price channel on 4-hour chart. A clear break below the channel bottom line will indicate that the uptrend from 0.9537 had completed at 1.0027 already, then the following...

Daily Forex Analysis – December 17, 2010

by ForexCycle.com | December 17, 2010 09:43
USDCHF Analysis. USDCHF stays below a falling trend line on 4-hour chart and remains in downtrend from 1.0066. As long as the trend line resistance holds, downtrend is expected to continue and one more fall to 0.9500...

Daily Forex Analysis – December 16, 2010

by ForexCycle.com | December 16, 2010 11:28
EURUSD Analysis. EURUSD is forming a cycle top at 1.3497 level on 4-hour chart. Deeper decline to test 1.3165 key support is expected later today, a breakdown below this level will confirm the cycle top, then the...

Daily Forex Analysis – December 15, 2010

by ForexCycle.com | December 15, 2010 10:50
EURUSD Analysis. After breaking above 1.3437 resistance, EURUSD pulled back from 1.3497, suggesting that a cycle top is being formed on 4-hour chart. Now the fall from 1.3497 could possibly be resumption of downtrend, deeper decline to...

Daily Forex Analysis – December 14, 2010

by ForexCycle.com | December 14, 2010 08:36
GBPUSD Analysis. GBPUSD remains in uptrend from 1.5484 and the rise extended to as high as 1.5896 level. Support is at the uptrend line on 4-hour chart, now at 1.5733, as long as the trend line support...

Daily Forex Analysis – December 13, 2010

by ForexCycle.com | December 13, 2010 10:05
USDJPY Analysis. USDJPY consolidated below 84.40 previous high resistance and pulled back to as low as 83.45 level. Another rise to test 84.40 is expected later today, a break above this level will indicate that the uptrend...

Daily Forex Analysis – December 10, 2010

by ForexCycle.com | December 10, 2010 10:02
USDJPY Analysis. Being contained by 84.40 resistance, USDJPY pulled back from 84.30. However, the fall from 84.30 is likely consolidation of uptrend, another rise to re-test 84.40 key resistance is still possible later today, a break above...

Daily Forex Analysis – December 9, 2010

by ForexCycle.com | December 9, 2010 11:06
EURUSD Analysis. EURUSD formed a cycle top at 1.3437 level on 4-hour chart. Another fall to 1.3050 area is still possible later today. Resistance is at 1.3437, only break above this level could indicate that the downward...

Daily Forex Analysis – December 8, 2010

by ForexCycle.com | December 8, 2010 09:08
EURUSD Analysis. EURUSD has formed a cycle top at 1.3437 level on 4-hour chart. Drop towards 1.2969 previous low is expected in a couple of days, a break below this level will indicate that the downtrend from...

Daily Forex Analysis – December 7, 2010

by ForexCycle.com | December 7, 2010 11:02
EURUSD Analysis. After touching the downtrend line from 1.4281 to 1.3785, EURUSD pulled back from 1.3437, suggesting that a cycle top is being formed on 4-hour chart. Key resistance is now at 1.3437, as long as this...