Daily Forex Analysis – August 29, 2008

by ForexCycle.com | August 29, 2008 03:57
EURUSD Analysis. EURUSD formed a cycle bottom at 1.4571 on 4-hour chart. Sideways consolidation between 1.4571 and 1.4908 could be seen in a couple of days. As long as price stays below 1.4908, we’d expect down trend...

Daily Forex Analysis – August 28, 2008

by ForexCycle.com | August 28, 2008 02:18
USDCHF Analysis. USDCHF might be forming a short term cycle top at 1.1084 on 4-hour chart. Pullback to test 1.0842 could be seen in a couple of days. Breaking through 1.0842 level will indicate that the up...

Daily Forex Analysis – August 27, 2008

by ForexCycle.com | August 27, 2008 01:29
GBPUSD Analysis. GBPUSD’s down trend remains and the fall from 1.8794 extended to 1.8330 level. As long as 1.8590 resistance holds, we’d expect down trend to continue, and deeper decline is still possible to 1.8200 in a...

Daily Forex Analysis – August 26, 2008

by ForexCycle.com | August 26, 2008 00:20
EURUSD Analysis. EURUSD is in range trading between 1.4629 and 1.4977. The fall from 1.4908 could possibly be resumption of down trend. Deeper decline is expected to 1.4500 in a couple of days, and a break below...

Daily Forex Analysis – August 25, 2008

by ForexCycle.com | August 25, 2008 02:14
AUDUSD Analysis. AUDUSD formed a short term cycle top on 4-hour chart, and the fall from 0.8812 could possibly be resumption of down trend. Further decline to test 0.8512 (Jan 22 low) support is expect later today....

Daily Forex Analysis – August 22, 2008

by ForexCycle.com | August 22, 2008 02:05
AUDUSD Analysis. AUDUSD breaks above 0.8795 resistance and reaches 0.8812 level. Further rise to test 0.8952 resistance is now in favor. However, the rebound from 0.8591 is treated as consolidation to down trend. As long as 0.8952...

Daily Forex Analysis – August 21, 2008

by ForexCycle.com | August 21, 2008 00:52
AUDUSD Analysis. AUDUSD is forming a sideways consolidation in a range between 0.8591 and 0.8795. As long as 0.8795 resistance holds, we’d expect down trend to resume, and further fall towards 0.8400 level could be seen after...

Daily Forex Analysis – August 20, 2008

by ForexCycle.com | August 20, 2008 02:58
GBPUSD Analysis. GBPUSD formed a short term cycle bottom at 1.8512 on 4-hour chart. Further rebound towards 1.8900 level is now in favor, and a break of 1.8722 resistance will confirm such case. As long as 1.8900...

Daily Forex Analysis – August 19, 2008

by ForexCycle.com | August 19, 2008 00:28
GBPUSD Analysis. GBPUSD might be forming  a short term cycle bottom at 1.8512 on 4-hour chart. Key resistance is now located at 1.8722, a break of this level will confirm the cycle bottom, and then further rise...

Daily Forex Analysis – August 18, 2008

by ForexCycle.com | August 18, 2008 01:09
USDCAD Analysis. USDCAD might be forming a short term cycle bottom at 1.0562 on 4-hour chart. Key resistance is now located at 1.0693, a break above this level will confirm the cycle bottom. As long as 1.0562...