ForexCycle.com @ April 26, 2013 # Comments Off
EURUSD Analysis. EURUSD stays within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel resistance holds, the downward movement could be expected to con…
ForexCycle.com @ April 25, 2013 # Comments Off
EURUSD Analysis. EURUSD’s downward movement from 1.3201 extends to as low as 1.2955. Resistance is now at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend from 1.3201 could be expected to…
ForexCycle.com @ April 24, 2013 # Comments Off
GBPUSD Analysis. GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will suggest that the upward movement from 1.4831 had completed at 1.5411 already, then the following downward move could…
ForexCycle.com @ April 23, 2013 # Comments Off
USDCAD Analysis. USDCAD moves sideways in a range between 1.0203 and 1.0293. Key support is at 1.0203, as long as this level holds, the price action in the trading range could be treated as consolidation of the uptrend from 1.0083, one more rise to tes…
ForexCycle.com @ April 22, 2013 # Comments Off
USDCAD Analysis. USDCAD remains in uptrend from 1.0083, the fall from 1.0293 is treated as consolidation of the uptrend. Support is at 1.0200, as long as this level holds, another rise to test 1.0341 resistance is still possible, a break above this lev…
ForexCycle.com @ April 19, 2013 # Comments Off
GBPUSD Analysis. GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.4831, the fall from 1.5411 is treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected t…
ForexCycle.com @ April 18, 2013 # Comments Off
USDCAD Analysis. USDCAD’s upward movement from 1.0083 extends to as high as 1.0293. Further rise to test 1.0341 resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) ha…
ForexCycle.com @ April 17, 2013 # Comments Off
USDJPY Analysis. USDJPY may be forming a cycle bottom at 95.83 on 4-hour chart. Further rise to test 99.94 previous high resistance would likely be seen, a break above this level will indicate that the uptrend from 77.14 (Sep 13, 2012 low) has resumed,…
ForexCycle.com @ April 16, 2013 # Comments Off
USDCHF Analysis. USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom is being formed at 0.9264 on 4-hour chart, and consolidation of the downtrend from 0.9553 is underway. Further rally would likely be seen, and …
ForexCycle.com @ April 15, 2013 # Comments Off
USDCHF Analysis. USDCHF remains in downtrend from 0.9553, and the fall extends to as low as 0.9264. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continu…