Daily Forex Analysis – August 15, 2008

by ForexCycle.com | August 15, 2008 01:22
USDCHF Analysis. USDCHF broke above 1.0924 resistance and formed a short term cycle bottom at 1.0824 on 4-hour chart. Further rise towards 1.1200 could be seen in next few days. Initial support is at 1.0824, as long...

Daily Forex Analysis – August 14, 2008

by ForexCycle.com | August 14, 2008 02:55
USDCHF Analysis. USDCHF is forming a short term cycle top at 1.0924 on 4-hour chart. Pullback to test 1.0741 support is expected later today. As long as 1.0741 support holds, we’d expect up trend to resume, and...

Daily Forex Analysis – August 13, 2008

by ForexCycle.com | August 13, 2008 01:53
USDJPY Analysis. USDJPY breaks below 109.13 key support and formed a short term cycle top at 110.40 on 4-hour chart. Initial resistance is now located at 109.13, as long as this resistance holds, we’d expect down trend...

Daily Forex Analysis – August 12, 2008

by ForexCycle.com | August 12, 2008 01:22
USDCAD Analysis. USDCAD’s up trend remains, and the rise from 0.9974 (July 15 low) extends to 1.0716 level.  Initial support is at 1.0612, as long as this support holds, we’d expect up trend to continue, and further...

Daily Forex Analysis – August 11, 2008

by ForexCycle.com | August 11, 2008 01:17
AUDUSD Analysis. AUDUSD’s down trend extends further to as low as 0.8841 level. Deeper decline to 0.8700 is still possible in a couple of days. Initial resistance is now at 0.9000 and key resistance is located at...

Daily Forex Analysis – August 8, 2008

by ForexCycle.com | August 8, 2008 02:18
AUDUSD Analysis. AUDUSD’s down trend remains and the fall from 0.9849 (Jul 15 high) extends further to 0.8982 level. The pair is testing 0.8953 (Mar 20 low) support. Further fall below 0.8953 is still possible next week....

Daily Forex Analysis – August 7, 2008

by ForexCycle.com | August 7, 2008 01:49
GBPUSD Analysis. GBPUSD dropped sharply to as low as 1.0466 level. Further fall is still possible to test 1.9337 (Jan 22 low) long term key support. Initial resistance is at 1.9596, only break above this level will...

Daily Forex Analysis – August 6, 2008

by ForexCycle.com | August 6, 2008 02:27
EURUSD Analysis. EURUSD broke below 1.5515 support and extended further to 1.5445 level. Deeper decline towards 1.5302 (June 13 low) is still possible in a couple of days. Initial resistance is at 1.5515 and followed by 1.5631,...

Daily Forex Analysis – August 5, 2008

by ForexCycle.com | August 5, 2008 01:39
AUDUSD Analysis. AUDUSD’s down trend remains and the fall from 0.9849 (Jul 15 high) extends to 0.9262 level. Deeper decline to 0.9200 is still possible in a couple of days. Initial resistance is located at 0.9346, only...

Daily Forex Analysis – August 4, 2008

by ForexCycle.com | August 4, 2008 02:39
EURUSD Analysis. EURUSD’s down trend extends further to as low as 1.5515 level. Consolidation in a range between 1.5515 and 1.5700 would more likely be seen in a couple of days. Down trend will resume after consolidation...