Daily Forex Analysis – April 9, 2013

by ForexCycle.com | April 9, 2013 01:47
USDCAD Analysis. USDCAD had formed a cycle top at 1.0235 on 4-hour chart. Range trading between 1.0105 and 1.0235 would likely be seen in a couple of days. As long as 1.0235 resistance holds, the price action...

Daily Forex Analysis – April 8, 2013

by ForexCycle.com | April 8, 2013 02:49
USDJPY Analysis. USDJPY’s upward movement from 92.56 extends to as high as 98.84. Support is now at 96.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at...

Daily Forex Analysis – April 5, 2013

by ForexCycle.com | April 5, 2013 03:04
EURUSD Analysis. EURUSD bounces strongly from 1.2747, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.3000 key resistance would likely be seen, a break above this level will indicate that...

Daily Forex Analysis – April 4, 2013

by ForexCycle.com | April 3, 2013 23:25
EURUSD Analysis. EURUSD had formed a cycle bottom at 1.2751 on 4-hour chart. Further rally could be expected, and next target would be at 1.2960 area. Key resistance is at 1.3000, as long as this level holds,...

Daily Forex Analysis – April 2, 2013

by ForexCycle.com | April 2, 2013 02:39
AUDUSD Analysis. AUDUSD may be forming a cycle bottom at 1.0385 on 4-hour chart. However, the rise would possibly be correction of the downtrend from 1.0496, as long as 1.0496 key resistance holds, one more fall to...

Daily Forex Analysis – April 1, 2013

by ForexCycle.com | April 1, 2013 01:06
USDJPY Analysis. USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 96.70. Key resistance is located at the upper line of the channel. As long as the channel resistance holds, the...