Daily Forex Analysis – May 18, 2010

by ForexCycle.com | May 18, 2010 12:15
USDCHF Analysis. USDCHF remains in uptrend from 1.0923 and the pullback from 1.1445 is treated as consolidation of uptrend. Range trading between 1.1250 and 1.1445 is expected in a couple of days. Support is at 1.1250, as...

Daily Forex Analysis – May 17, 2010

by ForexCycle.com | May 17, 2010 11:11
AUDUSD Analysis. AUDUSD drops sharply to as low as 0.8731 and is testing 0.8715 key support, a breakdown below this level will indicate that the downtrend from 0.9381 has resumed, then deeper decline could be seen to...

Daily Forex Analysis – May 14, 2010

by ForexCycle.com | May 14, 2010 09:45
GBPUSD Analysis. GBPUSD has formed a cycle top at 1.5053 level on 4-hour chart. Now the fall from 1.5053 could possibly be resumption of downtrend from 1.5522. Deeper decline to re-test 1.4475 previous low support is possible...

Daily Forex Analysis – May 13, 2010

by ForexCycle.com | May 13, 2010 11:21
USDCHF Analysis. USDCHF continues its sideways movement in a range between 1.0923 and 1.1245. However, the sideways movement is more likely consolidation of uptrend from 1.0434. As long as the support of the rising trend line holds,...

Daily Forex Analysis – May 12, 2010

by ForexCycle.com | May 12, 2010 08:56
USDCHF Analysis. USDCHF remains in uptrend from 1.0434 and the price action from 1.1245 is more likely consolidation of uptrend. Support is at the rising trend line on 4-hour chart, as long as the trend line support...

Daily Forex Analysis – May 11, 2010

by ForexCycle.com | May 11, 2010 09:10
USDCHF Analysis. USDCHF is forming a cycle bottom at 1.0923 level on 4-hour chart. Sideways movement in a range between 1.0923 and 1.1245 is expected in a couple of days. As long as the trend line support...

Daily Forex Analysis – May 10, 2010

by ForexCycle.com | May 10, 2010 10:24
EURUSD Analysis. EURUSD has formed a cycle bottom at 1.2526 level on 4-hour chart. Range trading between 1.2526 and 1.3000 is expected in a couple of days. As long as 1.3000 level holds, the bounce from 1.2526...

Daily Forex Analysis – May 7, 2010

by ForexCycle.com | May 7, 2010 11:43
USDCHF Analysis. USDCHF has formed a cycle top at 1.1245 level on 4-hour chart. Sideways movement in a range between 1.1000 and 1.1245 would more likely be seen in a couple of days. However, the sideways movement...

Daily Forex Analysis – May 6, 2010

by ForexCycle.com | May 6, 2010 10:44
AUDUSD Analysis. AUDUSD’s fall from 0.9381 extended to as low as 0.9020. Deeper decline to test 0.9001 is still possible later today, a breakdown below this level will indicate that the uptrend from 0.8577 has completed at...

Daily Forex Analysis – May 5, 2010

by ForexCycle.com | May 5, 2010 11:07
USDCAD Analysis. USDCAD breaks above 1.0215 resistance. Further rise is still possible to test 1.0302 key resistance later today, a break above this level will indicate that the downtrend from 1.0779 (Feb 5 high) has completed at...