Daily Forex Analysis – March 8, 2010

by ForexCycle.com | March 8, 2010 10:11
EURUSD Analysis. EURUSD is forming a sideways movement in a range between 1.3435 and 1.3838. Another rise towards 1.3838 is expected later today. As long as this level holds, the price action in the trading range is...

Daily Forex Analysis – March 5, 2010

by ForexCycle.com | March 5, 2010 10:53
EURUSD Analysis. EURUSD continues to move sideways in a range between 1.3435 and 1.3838. As long as 1.3838 resistance holds, the price action in the trading range is treated as consolidation of downtrend from 1.4579 and one...

Daily Forex Analysis – March 4, 2010

by ForexCycle.com | March 4, 2010 10:10
USDCHF Analysis. USDCHF’s fall from 1.0887 extends to as low as 1.0648. Deeper decline is expected later today and target is to test 1.0608 key support, a breakdown below this level could indicate that the uptrend from...

Daily Forex Analysis – March 3, 2010

by ForexCycle.com | March 3, 2010 10:31
EURUSD Analysis. After touching 1.3443 previous low, EURUSD bounced from 1.3435, suggesting that a short term cycle bottom is being formed on 4-hour chart. Further rise to test 1.3691 is expected later today, a break above this...

Daily Forex Analysis – March 2, 2010

by ForexCycle.com | March 2, 2010 11:18
EURUSD Analysis. EURUSD continues to trade in range between 1.3443 and 1.3691. Another bounce to test 1.3691 resistance would more likely be seen later today, if this level gives way, further rally could be seen to 1.3800...

Daily Forex Analysis – March 1, 2010

by ForexCycle.com | March 1, 2010 10:47
USDCHF Analysis. USDCHF broke below 1.0715 support, suggesting that lengthier consolidation of uptrend from 1.0132 is underway. Range trading is expected in 1.0608 and 1.0898 in next several days. Key support is at 1.0608, as long as...

Daily Forex Analysis – February 26, 2010

by ForexCycle.com | February 26, 2010 11:52
GBPUSD Analysis. GBPUSD breaks below 1.5350 support and the fall from 1.5815 extends to as low as 1.5190 level. Deeper decline is still possible after a minor consolidation and next target would be at 1.5000 area. Resistance...

Daily Forex Analysis – February 25, 2010

by ForexCycle.com | February 25, 2010 10:39
USDCAD Analysis. USDCAD might be forming a short term cycle top at 1.0593 level on 4-hour chart. Pullback to 1.0450 is expected later today. Resistance is now at 1.0593, above this level will suggesting that the fall...

Daily Forex Analysis – February 24, 2010

by ForexCycle.com | February 24, 2010 11:04
EURUSD Analysis. Being contained by the upper border of the falling price channel, EURUSD pulls back from 1.3691, suggesting that a short term cycle top is being formed on 4-hour chart. Another fall towards 1.3400 is expected,...

Daily Forex Analysis – February 23, 2010

by ForexCycle.com | February 23, 2010 09:27
EURUSD Analysis. EURUSD had formed a short term cycle bottom at 1.3443 level on 4-hour chart. Another bounce to test 1.3838 key resistance is expected later today. As long as this level holds, the price action from...