EURUSD Daily Analysis – January 26, 2015

by ForexCycle.com | January 26, 2015 2:36 am
EURUSD’s downward movement from 1.2569 extended to as low as 1.1097. Further decline could be expected after a minor consolidation and next target would be at 1.0800 area. Near term resistance is at 1.1350, and the key...

USDCAD Weekly Analysis – January 25, 2015

by ForexCycle.com | January 25, 2015 8:23 am
USDCAD continued its upward movement from 1.0619 (Jul 3, 2014 low), and the rise extended to as high as 1.2456. Further rise is still possible after a minor consolidation, and next target would be at 1.3000 area....

USDJPY Weekly Analysis – January 25, 2015

by ForexCycle.com | January 25, 2015 8:23 am
USDJPY is forming a sideways consolidation in a range between 115.56 and 121.84. The sideways movement could be seen to continue in a couple of weeks. As long as 115.56 support holds, the uptrend from 101.06 (Jul...

AUDUSD Weekly Analysis – January 25, 2015

by ForexCycle.com | January 25, 2015 8:22 am
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high), and the downward movement extended to as low as 0.7880. As long as the trend line resistance...

GBPUSD Weekly Analysis – January 25, 2015

by ForexCycle.com | January 25, 2015 8:21 am
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190 (Jul 15, 2014 high), and the downward movement extended to as low as 1.4950. As long as the trend line resistance...

EURUSD Weekly Analysis – January 25, 2015

by ForexCycle.com | January 25, 2015 8:21 am
EURUSD’s downward movement from 1.3993 (May 8, 2014 high) extended to as low as 1.1115. Further decline is still possible after a minor consolidation, and next target would be at 1.0500 area. Near term resistance is at...

USDCAD Daily Analysis – January 23, 2015

by ForexCycle.com | January 23, 2015 2:47 am
USDCAD’s upward movement from 1.1560 extended to as high as 1.2419. Further rise could be expected, and next target would be at 1.2500 area. Near term support is at 1.2250, and the key support is located at...

USDJPY Daily Analysis – January 23, 2015

by ForexCycle.com | January 23, 2015 2:46 am
No changed in our view, USDJPY remains in short term uptrend from 115.85. Another rise to test 120.82 resistance would likely be seen, a break of this level will signal resumption of the longer term uptrend from...

AUDUSD Daily Analysis – January 23, 2015

by ForexCycle.com | January 23, 2015 2:45 am
AUDUSD broke below 0.8032 support, indicating that the downtrend from 0.8910 (Oct 29, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.7800 area. Resistance levels are at 0.8140 and 0.8294,...

GBPUSD Daily Analysis – January 23, 2015

by ForexCycle.com | January 23, 2015 2:44 am
GBPUSD broke below 1.5034 support, and the downward movement from 1.5785 extended to as low as 1.4971. Further decline could be expected, and next target would be at 1.4700 area. Key resistance is at 1.5268, only break...