Daily Forex Analysis – November 2, 2011

by ForexCycle.com | November 2, 2011 00:57
GBPUSD Analysis. GBPUSD is facing 1.5891 support, as long as this level holds, the fall from 1.6164 is treated as consolidation of uptrend from 1.5272, and another rise to 1.6250-1.6300 area is still possible. However, a breakdown...

Daily Forex Analysis – November 1, 2011

by ForexCycle.com | November 1, 2011 02:58
AUDUSD Analysis. AUDUSD broke below 1.0500 support, suggesting that a cycle top has been formed at 1.0751 on 4-hour chart. Support is now at the uptrend line, as long as the trend line support holds, the fall...