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Loading ...February 3rd, 2012, 3:33 am | By forexcycle | Published in Daily Technical | 
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USDCHF traded in a narrow range between 0.9114 and 0.9249 for several days. The price action in the range could be treated as consolidation of downtrend from 0.9594. Key resistance is at 0.9350, as long as this level holds, downtrend could be expected to resume, and one ... Read more
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Loading ...February 2nd, 2012, 2:55 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9594, the price action in the range between 0.9114 and 0.9249 is treated as consolidation of downtrend. As long as the channel resistance holds, we’d expect downtrend to resume, and another ... Read more
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Loading ...February 1st, 2012, 4:49 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 0.9114. Further rally would likely be seen later today, and the target would be at 0.9300 area. Key resistance is at 0.9350, as long as this level holds, ... Read more
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Loading ...January 31st, 2012, 2:56 am | By forexcycle | Published in Daily Technical | No Comments »
After testing the support of the upward trend line on 4-hour chart, EURUSD rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2624, further rise is expected later today, and next target would be at 1.3300 area. On the other side, a breakdown below ... Read more
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Loading ...January 30th, 2012, 4:22 am | By forexcycle | Published in Daily Technical | No Comments »
Being contained by the upper line of the price channel on 4-hour chart, AUDUSD pulled back from 1.0687, suggesting that a cycle top is being formed. Deeper decline towards the lower line of the channel would likely be seen in a couple of days. As long as the channel support ... Read more
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Loading ...January 27th, 2012, 4:36 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF’s downward movement from 0.9594 extended to as low as 0.9156. Resistance is now at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue, and next target would be at 0.9050 area. On the upside, ... Read more
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Loading ...January 19th, 2012, 2:55 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Support is at 1.0300, as long as this level holds, the price action from 1.0448 is treated as consolidation of uptrend, and one more rise towards 1.0600 is still possible. However, a breakdown below ... Read more
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Loading ...January 18th, 2012, 3:50 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD broke above 1.0385 resistance and continued its upward movement from 0.9861. Further rise is expected after a minor consolidation, and next target would be at 1.0500 area. Support is now at 1.0300, as long as this level holds, uptrend could be expected to continue, however, ... Read more
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Loading ...January 16th, 2012, 3:31 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD moved sideways in a range between 1.0145 and 1.0385. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 1.0145, as long as 1.0145 support holds, the price action in the trading range is treated as ... Read more
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Loading ...January 12th, 2012, 3:50 am | By forexcycle | Published in Daily Technical | No Comments »
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9861. Initial support is at the lower line of the channel, as long as the channel support holds, the price action from 1.0385 is treated as consolidation of uptrend, and another rise ... Read more
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Loading ...January 11th, 2012, 3:23 am | By forexcycle | Published in Daily Technical | No Comments »
USDJPY stays in a trading range between 76.60 and 77.32. Lengthier consolidation in the range would likely be seen in a couple of days. Key resistance is at 77.32, a break above this level will confirm that the fall from 78.21 had completed at 76.60 already, then ... Read more
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Loading ...January 10th, 2012, 4:34 am | By forexcycle | Published in Daily Technical | No Comments »
Being supported by the lower border of the price channel on 4-hour chart, AUDUSD rebounded from 1.0145, suggesting that the fall from 1.0385 has completed. Now the bounce would possibly be resumption of uptrend from 0.9861, further rise to test 1.0385 resistance is expected later today, ... Read more
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Loading ...January 9th, 2012, 2:45 am | By forexcycle | Published in Daily Technical | No Comments »
After touching 1.0378 resistance, AUDUSD pulled back from 1.0385, however, the fall from 1.0385 would possibly be consolidation of uptrend from 0.9861. Key support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, we’d ... Read more
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Loading ...January 6th, 2012, 3:12 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF is facing 0.9546 resistance, a break above this level will indicate that the uptrend from 0.8569 (Oct 27, 2011 low) has resumed, then further rise towards 1.0000 could be seen. Support is now at 0.9400, only breakdown below this level could indicate that lengthier consolidation ... Read more
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Loading ...January 5th, 2012, 4:21 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD failed to break above the upper line of the price channel on 4-hour chart, and pulled back from 1.3076. Further fall to test 1.2858 support would likely be seen, a breakdown below this level will signal resumption of the longer term downtrend from 1.4246 (Oct 27, ... Read more
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Loading ...January 4th, 2012, 3:06 am | By forexcycle | Published in Daily Technical | No Comments »
EURUSD’s bounce from 1.2858 extended to as high as 1.3076. Further rise is still possible later today, and the target would be at the upper line of the price channel on 4-hour chart. Key resistance is at 1.3196, as long as this level holds, the price action ... Read more
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Loading ...January 3rd, 2012, 4:19 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF moved sideways in a range between 0.9244 and 0.9546 for several days. The price action in the range is likely consolidation of uptrend from 0.8569 (Oct 27, 2011 low). As long as 0.9244 key support holds, uptrend could be expected to resume, and one more rise ... Read more
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Loading ...January 2nd, 2012, 4:19 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9244, the fall from 0.9469 would possibly be consolidation of uptrend. Another rise to test 0.9546 is expected, a break above this level could signal resumption of the longer term uptrend ... Read more
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Loading ...December 30th, 2011, 4:50 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF’s bounce from 0.9244 extended to as high as 0.9469. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and further rise to test 0.9546 previous high resistance could be seen. ... Read more
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Loading ...December 28th, 2011, 2:34 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF had formed a cycle bottom at 0.9244 on 4-hour chart. Now the rise from 0.9244 would possibly be resumption of uptrend from 0.8569 (Oct 27 low), further rise to test 0.9546 resistance would likely be seen later today, a break above this level will confirm resumption ... Read more