AUDUSD Daily Analysis – January 3, 2014

by ForexCycle.com | January 3, 2014 3:08 am
AUDUSD moved sideways in a narrow range between 0.8820 and 0.8957. As long as 0.8957 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9756 (Oct 23 high), another...

GBPUSD Daily Analysis – January 3, 2014

by ForexCycle.com | January 3, 2014 3:08 am
GBPUSD broke below 1.6430 support, suggesting that the upward movement from 1.6219 had completed at 1.6593 already. Deeper decline would likely be seen over the next several days, and the target would be at the lower line...

EURUSD Daily Analysis – January 3, 2014

by ForexCycle.com | January 3, 2014 3:07 am
EURUSD broke below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.3296 (Nov 7 low) had completed at 1.3892 already. Further decline would likely be seen over the next several...

USDCAD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:28 am
USDCAD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.0182 (Sept 19 low). Key support is located at the lower line of the channel, as long as the channel support holds,...

USDCHF Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:27 am
USDCHF remains in downtrend from 0.9249 (Nov 7 high), the price action from 0.8839 could be treated as consolidation of the downtrend. Further rise to complete the consolidation would likely be seen, and the target would be...

USDJPY Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:27 am
USDJPY remains in uptrend from 101.63, the fall from 105.41 could be treated as consolidation of the uptrend. Initial support is located at the lower line of the price channel on 4-hour chart, as long as the...

AUDUSD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:26 am
AUDUSD failed to break below 0.8820 support, and stayed in a trading range between 0.8820 and 0.8957. Key resistance is at 0.8957, as long as this level holds, the price action in the range could be treated...

GBPUSD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:25 am
GBPUSD remains in uptrend from 1.6219, the fall from 1.6577 could be treated as consolidation of the uptrend. Support is at 1.6430, as long as this level holds, the uptrend could be expected to resume, and next...

EURUSD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:24 am
EURUSD remains in uptrend from 1.3296 (Nov 7 low), the price action from 1.3810 could be treated as consolidation of the uptrend. Another fall to the lower line of the price channel on 4-hour chart to complete...

USDCAD Weekly Analysis – December 29, 2013

by ForexCycle.com | December 29, 2013 2:10 am
USDCAD stays within a upward price channel on daily chart, and remains in uptrend from 1.0182, the price action in the trading range between 1.0561 and 1.0737 could be treated as consolidation of the uptrend. Key support...