Daily Forex Analysis – July 31, 2008

by ForexCycle.com | July 31, 2008 03:07
USDCHF Analysis. USDCHF is testing 1.0539 (June 13 high) resistance. A break of the level will signal resumption of long term up trend. Initial support is at the uptrend line from 1.0010 to 1.0134, as long as...

Daily Forex Analysis – July 30, 2008

by ForexCycle.com | July 30, 2008 02:21
EURUSD Analysis. EURUSD broke below 1.5611 (July 7 low), suggesting that the up trend from 1.5302 (June 13 low) has completed and down trend has resumed. Deeper decline towards 1.5302 previous low is now in favor. Initial...

Daily Forex Analysis – July 29, 2008

by ForexCycle.com | July 29, 2008 01:02
GBPUSD Analysis. GBPUSD might be forming a short term cycle bottom at 1.9816 on 4-hour chart. Key resistance is located at 1.9978, a break of this level will confirm the cycle bottom and further rise towards 2.0158...

Daily Forex Analysis – July 28, 2008

by ForexCycle.com | July 28, 2008 02:26
USDJPY Analysis. USDJPY broke above 107.98 resistance. However, consolidation would more likely be seen before breaking above 108.58 (June 16 high), and pullback to test 106.57 is still possible in a couple of days. Initial support is...

Daily Forex Analysis – July 25, 2008

by ForexCycle.com | July 25, 2008 01:22
USDJPY Analysis. USDJPY broke below the  up trend line from 103.76 to 106.05. Consolidation would more likely be seen in next few days. Further rally is still possible to test 108.58 (June 16 high) after consolidation, and...

Daily Forex Analysis – July 24, 2008

by ForexCycle.com | July 24, 2008 01:29
USDCHF Analysis. USDCHF broke above 1.0351 previous high resistance. Further rise is still possible to test 1.0539 (June 13 high) level. A break of this level will indicated that the down trend from 1.0623 (May 8 high)...

Daily Forex Analysis – July 23, 2008

by ForexCycle.com | July 23, 2008 02:02
USDCAD Analysis. USDCAD broke above 1.0080 resistance and reached 1.0116 level. Further rebound is expect to test 1.0238 (July 1 high), a break of this level will indicate that the fall from 1.0322 (June 10 high) has...

Daily Forex Analysis – July 22, 2008

by ForexCycle.com | July 22, 2008 02:18
AUDUSD Analysis. AUDUSD formed a short term cycle top at 0.9849 on 4-hour chart. Sideways consolidation in a range between 0.9677 and 0.9849 could be seen in next few days. Near term support is at 0.9677 and...

Daily Forex Analysis – July 21, 2008

by ForexCycle.com | July 21, 2008 01:43
GBPUSD Analysis. GBPUSD formed a short term cycle top at 2.0158 on 4-hour chart. Deeper decline to test 1.9814 support is still possible in a couple of days, and sideways consolidation would more likely be seen before...

Daily Forex Analysis – July 18, 2008

by ForexCycle.com | July 18, 2008 02:05
EURUSD Analysis.EURUSD is testing the support of the up trend line from 1.5302 (Jun 13 low) to 1.5611, fall below this trend line support will take price to test 1.5611 level. Initial resistance is at 1.5893, above...