Daily Forex Analysis – October 17, 2008

by ForexCycle.com | October 17, 2008 00:54
AUDUSD Analysis.After breaking above 0.7133 resistance, AUDUSD pulled back from 0.7237 and reached 0.6495 level. One more rise above 0.7237 previous high to reach next short term cycle top is still in favor. Initial support is now...

Daily Forex Analysis – October 16, 2008

by ForexCycle.com | October 16, 2008 01:09
GBPUSD Analysis.GBPUSD pulls back from 1.7630 and formed a short term cycle top on 4-hour chart. Further fall could be seen to test 1.6786 previous low support, a break of this level will signal resumption of down...

Daily Forex Analysis – October 15, 2008

by ForexCycle.com | October 15, 2008 01:08
USDJPY Analysis.USDJPY formed a short term cycle bottom at 97.91 on 4-hour chart. Further rise towards 104.00 to reach next cycle top is still possible in a couple of days. Initial support is located at 100.50, only...

Daily Forex Analysis – October 13, 2008

by ForexCycle.com | October 13, 2008 01:36
USDJPY Analysis.USDJPY might be forming a short term cycle bottom at 97.91 level on 4-hour chart. Key resistance is at 101.48, a break above this level will confirm the cycle bottom and signal further rally to test...

Daily Forex Analysis – October 10, 2008

by ForexCycle.com | October 10, 2008 00:35
EURUSD Analysis.EURUSD might be forming a short term cycle top at 1.3785 on 4-hour chart. Fall towards 1.3000 could be seen in next several days, and a break down below 1.3443 previous low support will confirm the...

Daily Forex Analysis – October 9, 2008

by ForexCycle.com | October 9, 2008 00:53
EURUSD Analysis.EURUSD formed a short term cycle bottom at 1.3443 level. Further rise to test 1.3906 is still possible later today. However, the next cycle top is nearing, pullback below 1.3443 could be seen in a couple...

Daily Forex Analysis – October 8, 2008

by ForexCycle.com | October 8, 2008 01:21
GBPUSD Analysis.After breaking below 1.7445 (Sep 11 low), GBPUSD rebounds from 1.7318 level, and might be forming a short term cycle bottom on 4-hour chart. Sideways consolidation in a range between 1.7318 and 1.7836 would be seen...

Daily Forex Analysis – October 7, 2008

by ForexCycle.com | October 7, 2008 00:48
GBPUSD Analysis.GBPUSD breaks below 1.7445 (Sep 11 low) and reaches as low as 1.7334 level. Deeper decline could be seen to 1.7000 zone in a couple of days. Near term resistance is at the down trend line...

Daily Forex Analysis – October 6, 2008

by ForexCycle.com | October 6, 2008 01:17
USDCHF Analysis.Being contained by the resistance of 1.1416 (Sep 11 high), USDCHF pulls back from 1.1412 level. Sideways consolidation in a range between 1.1144 and 1.1412 could be seen in a couple of days, and one more...

Daily Forex Analysis – October 3, 2008

by ForexCycle.com | October 3, 2008 00:30
AUDUSD Analysis.AUDUSD breaks below 0.7802 previous low support and reaches as low as 0.7698 level. Further fall could be seen to 0.7000 zone after consolidation. Initial resistance is located at 0.7950, as long as this level holds,...