Daily Forex Analysis – September 4, 2013

by ForexCycle.com | September 4, 2013 02:59
AUDUSD Analysis. AUDUSD failed to break below 0.8847 support, and rebounded from 0.8892, suggesting that lengthier sideways movement in a range between 0.8847 and 0.9317 is underway. Further rise to test 0.9317 resistance could be expected, as...

Daily Forex Analysis – September 3, 2013

by ForexCycle.com | September 3, 2013 03:06
AUDUSD Analysis. AUDUSD stays within a downward price channel on 4-hour chart, and remains in short term downtrend from 0.9232. Resistance is at the upper line of the channel, as long as the channel resistance holds, the...

Daily Forex Analysis – September 2, 2013

by ForexCycle.com | September 2, 2013 01:56
GBPUSD Analysis. GBPUSD is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall from 1.5717 could be treated as consolidation of the uptrend...

Daily Forex Analysis – August 30, 2013

by ForexCycle.com | August 30, 2013 04:16
GBPUSD Analysis. GBPUSD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.4813 (Jul 9 low). As long as the channel support holds, the uptrend could be expected to resume, and one...

Daily Forex Analysis – August 29, 2013

by ForexCycle.com | August 29, 2013 00:47
GBPUSD Analysis. GBPUSD’s downward movement from 1.5717 extends to as low as 1.5429. Deeper decline is still possible, and the target would be at the lower line of the price channel on 4-hour chart. As long as...

Daily Forex Analysis – August 28, 2013

by ForexCycle.com | August 28, 2013 01:50
EURUSD Analysis. EURUSD stays a in trading range between 1.3298 and 1.3451. The price action in the range is likely consolidation of the uptrend from 1.3206. As long as 1.3298 support holds, the uptrend could be expected...

Daily Forex Analysis – August 27, 2013

by ForexCycle.com | August 27, 2013 01:49
USDCHF Analysis. Being contained by 0.9130 (Jun 13 low) support, USDCHF rebounded from 0.9147, and moved sideways in a range between 0.9147 and 0.9289. Initial resistance is at 0.9289, as long as this level holds, the price...

Daily Forex Analysis – August 26, 2013

by ForexCycle.com | August 26, 2013 03:47
GBPUSD Analysis. GBPUSD is facing the support of the lower line of the price channel on 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.5102 had completed at 1.5717 already,...

Daily Forex Analysis – August 23, 2013

by ForexCycle.com | August 23, 2013 04:03
GBPUSD Analysis. GBPUSD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.5102. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend...

Daily Forex Analysis – August 22, 2013

by ForexCycle.com | August 22, 2013 04:04
GBPUSD Analysis. Being contained by 1.5751 (Jun 17 high) resistance, GBPUSD pulls back from 1.5717, suggesting that consolidation of the uptrend from 1.5102 is underway. Deeper decline would likely be seen in a couple of days, and...