ForexCycle.com @ June 18, 2013 # No Comment Yet
EURUSD Analysis. EURUSD remains in uptrend from 1.2796, the fall from 1.3390 is treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend co…
ForexCycle.com @ June 17, 2013 # Comments Off
USDCHF Analysis. USDCHF is facing the resistance of the upper line the price channel again. As long as the channel resistance holds, the rise from 0.9130 could be treated as consolidation of the downtrend from 0.9838, one more fall towards 0.9000 is st…
ForexCycle.com @ June 14, 2013 # Comments Off
USDCHF Analysis. USDCHF continues its downward movement from 0.9838, and the fall extends to as low as 0.9130. Resistance is located at the upper line of the downward price channel on 4-hour chart, as long as the channel resistance holds, the downtrend…
ForexCycle.com @ June 13, 2013 # Comments Off
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0582 (Apr 11 high), the bounce from 0.9326 is likely consolidation of the downtrend. Key resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance…
ForexCycle.com @ June 12, 2013 # Comments Off
GBPUSD Analysis. GBPUSD is facing 1.5683 resistance, a break above this level will signal resumption of the uptrend from 1.5008, then next target would be at 1.5700 area. Initial support is at the upward trend line on 4-hour chart, as long as the trend…
ForexCycle.com @ June 10, 2013 # Comments Off
GBPUSD Analysis. GBPUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.5683 could be treated as consolidation of the uptrend from 1.5008, and one more rise to 1.5800 area is stil…
ForexCycle.com @ June 10, 2013 # Comments Off
EURUSD Analysis. EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.2796, the fall from 1.3305 is treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to resu…
ForexCycle.com @ June 7, 2013 # Comments Off
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0582 (Apr 11 high), the bounce from 0.9434 is likely consolidation of the downtrend. Range trading between 0.9434 and 0.9791 could be expected in a couple of days. Key resistance is at 0.9791, as long…
ForexCycle.com @ June 6, 2013 # Comments Off
AUDUSD Analysis. AUDUSD breaks below 0.9528 support, and continues its downward movement from 1.0582 (Apr 11 high), and the fall has extended to as low as 0.9448. Further decline could be expected, and next target would be at 0.9400 area. Key resistanc…
ForexCycle.com @ June 5, 2013 # Comments Off
AUDUSD Analysis. AUDUSD stays in a trading range between 0.9528 and 0.9791. Key resistance is now at 0.9791, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.0582 (Apr 11 high), one mo…