Daily Forex Analysis – July 29, 2011

by ForexCycle.com | July 29, 2011 02:29
EURUSD Analysis. EURUSD is facing the support of the lower border of the price channel on 4-hour chart. As long as the channel support holds, uptrend could be expected to resume, and rebound would likely be seen...

Daily Forex Analysis – July 28, 2011

by ForexCycle.com | July 28, 2011 03:10
EURUSD Analysis. EURUSD has formed a cycle top at 1.4535 on 4-hour chart. Further decline would likely be seen later today, and first target would be at the lower border of the price channel. As long as...

Daily Forex Analysis – July 27, 2011

by ForexCycle.com | July 27, 2011 01:59
USDCAD Analysis. USDCAD stays in a falling price channel on 4-hour chart, and remains in downtrend from 0.9777, and the fall extended to as low as 0.9406. Resistance is at the upper border of the price channel,...

Daily Forex Analysis – July 26, 2011

by ForexCycle.com | July 26, 2011 11:07
USDCAD Analysis. USDCAD remains in downtrend from 0.9777, the rise from 0.9423 is treated as consolidation of downtrend. Further fall to 0.9300 could be seen after consolidation, and a breakdown below 0.9423 could signal resumption of downtrend.

Daily Forex Analysis – July 25, 2011

by ForexCycle.com | July 25, 2011 09:48
AUDUSD Analysis. AUDUSD stays above a uptrend line on 4-hour chart, and remains in uptrend. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.0950 area....

Daily Forex Analysis – July 22, 2011

by ForexCycle.com | July 22, 2011 11:00
AUDUSD Analysis. AUDUSD broke off the trading range between 1.0525 and 1.0798, and reached as high as 1.0856, suggesting that the sideways move has completed and the uptrend from 1.0390 has resumed. Further rise towards 1.1011 previous...

Daily Forex Analysis – July 21, 2011

by ForexCycle.com | July 21, 2011 11:18
USDCAD Analysis. USDCAD stays below a falling trend line on 4-hour chart, and remains in downtrend from 0.9777. further decline to test 0.9444 support could be seen later today, a breakdown below this level will indicate that...

Daily Forex Analysis – July 20, 2011

by ForexCycle.com | July 20, 2011 09:46
USDCHF Analysis. USDCHF broke above 0.8198 resistance, and reached as high as 0.8276, suggesting that a cycle bottom had been formed at 0.8082 on 4-hour chart, and the fall from 0.8525 had completed. Further rally could be...

Daily Forex Analysis – July 19, 2011

by ForexCycle.com | July 19, 2011 10:27
USDJPY Analysis. USDJPY formed a cycle bottom at 78.46 on 4-hour chart. Range trading between 78.46 and 79.58 is expected in a couple of days. The price action in the range could be treated as consolidation of...