Daily Forex Analysis – July 31, 2013

by ForexCycle.com | July 31, 2013 03:51
USDCHF Analysis. USDCHF stays within a downward price channel on 4-hour chart, and remains in downtrend from 0.9535, the rise from 0.9264 is likely consolidation of the downtrend. Resistance is located at the upper line of the...

Daily Forex Analysis – July 30, 2013

by ForexCycle.com | July 30, 2013 03:51
USDCHF Analysis. USDCHF remains in downtrend from 0.9751, the rise from 0.9264 is likely consolidation of the downtrend. Resistance is now located at the upper line of the price channel on 4-hour chart. As long as the...

Daily Forex Analysis – July 29, 2013

by ForexCycle.com | July 29, 2013 02:48
USDCAD Analysis. USDCAD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.0442. Resistance is at the upper line of the channel, as long as the channel resistance holds, the downtrend could...

Daily Forex Analysis – July 26, 2013

by ForexCycle.com | July 26, 2013 03:06
USDCAD Analysis. USDCAD remains in downtrend from 1.0442, and the fall extends to as low as 1.0255. Resistance is now located at the upper line of the price channel on 4-hour chart. As long as the channel...

Daily Forex Analysis – July 25, 2013

by ForexCycle.com | July 25, 2013 02:09
AUDUSD Analysis. AUDUSD failed to break above 0.9305 resistance, and stays in a trading range between 0.8998 and 0.9305, suggesting that the pair remains in consolidation of the downtrend from 1.0582 (Apr 11 high). The range trading...

Daily Forex Analysis – July 24, 2013

by ForexCycle.com | July 24, 2013 03:03
AUDUSD Analysis. After touching 0.9305 resistance, AUDUSD pulls back from 0.9317, suggesting that the pair remains in consolidation of the downtrend from 1.0582 (Apr 11 high). Another fall to test 0.8998 previous low support is still possible,...

Daily Forex Analysis – July 23, 2013

by ForexCycle.com | July 23, 2013 02:52
AUDUSD Analysis. AUDUSD is facing 0.9305 resistance again, a break above this level will indicate that the downtrend from 1.0582 (Apr 11 high) had completed at 0.8998 already, then the following upward movement could bring price back...

Daily Forex Analysis – July 19, 2013

by ForexCycle.com | July 19, 2013 03:07
USDJPY Analysis. USDJPY broke above 100.48 resistance and reached as high as 100.86. Further rise to test 101.53 key resistance would likely be seen, a break above this level will confirm that the uptrend from 93.79 has...

Daily Forex Analysis – July 18, 2013

by ForexCycle.com | July 18, 2013 00:14
USDJPY Analysis. USDJPY moves sideways in a range between 98.27 and 100.48. Resistance is now at 100.48, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend...