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USDCAD Daily Analysis - August 20, 2014

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 20 August 2014 03:02 UTC
USDCAD broke above 1.0940 resistance, indicating that the downward movement from 1.0985 had completed at 1.0860 already. Further rise to test 1.0985 resistance is possible, a break above this level could trigger another rise towards 1.1500. On the downside, as long as 1.0985 resistance holds, the ri ...

USDCHF Daily Analysis - August 20, 2014

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 20 August 2014 03:01 UTC
USDCHF broke above the upper line of the price channel on 4-hour chart, indicating that the fall from 0.9114 had completed at 0.8997 already. Further rise could be expected, and next target would be at 0.9200 area. Support is at 0.9040, only break below this level could trigger another fall towards ...

USDJPY Daily Analysis - August 20, 2014

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 20 August 2014 03:01 UTC
USDJPY continued its upward movement from 101.50, and is now facing 103.08 resistance, a break above this level will target 104.00 area. Support is now at 102.50, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to 10 ...

AUDUSD Daily Analysis - August 20, 2014

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 20 August 2014 03:00 UTC
AUDUSD failed to break above 0.9373 resistance, and pulled back from 0.9343, indicating that the uptrend from 0.9238 had completed. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance is at 0.9343, only break above this level could trigger another rise to test 0 ...

GBPUSD Daily Analysis - August 20, 2014

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 20 August 2014 03:00 UTC
GBPUSD broke below 1.6657 support, indicating that the downtrend from 1.7190 has resumed. Further decline could be expected, and next target would be at 1.6500 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal comp ...

EURUSD Daily Analysis - August 20, 2014

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 20 August 2014 02:59 UTC
EURUSD broke below 1.3333 support, and continued its downward movement from 1.3700, and the fall extended to as low as 1.3313. Further decline could be expected over the next several days, and next target would be at 1.3000 area. Resistance levels are at 1.3385, and 1.3444, only break above these le ...

USDCAD Daily Analysis - August 19, 2014

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 19 August 2014 03:17 UTC
USDCAD is in downtrend from 1.0985. Further decline would likely be seen after a minor consolidation, and next target would be at 1.0800 area. Resistance levels are at 1.0940 and 1.0985, only break above these levels could trigger another rise towards 1.1200.

USDCHF Daily Analysis - August 19, 2014

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 19 August 2014 03:07 UTC
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9114. Resistance is located at the upper line of the channel. As long as the channel resistance holds, the rise from 0.8997 could be treated as consolidation of the downtrend, one more fall to 0.8900 area is st ...

USDJPY Daily Analysis - August 19, 2014

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 19 August 2014 03:06 UTC
USDJPY is facing 102.71 resistance, above this level could trigger another rise towards 104.00, However, as long as 102.71 resistance holds, the rise from 102.13 would possibly be correction of the downtrend from 102.71, another fall towards 101.00 is still possible.

AUDUSD Daily Analysis - August 19, 2014

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 19 August 2014 03:05 UTC
AUDUSD continued its upward movement from 0.9238, and the rise extended to as high as 0.9340. Further rise to test 0.9373 resistance is still possible, as long as this level holds, the rise could be treated as consolidation of the downtrend from 0.9470, another fall towards 0.9000 could be expected ...

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