USDCAD Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:27 am
USDCAD continued its upward movement from 1.0619 (Jul 3, 2014 low), and the rise extended to as high as 1.1785. Further rise could be expected, and next target would be at 1.2500 area. Key support is located...

USDCHF Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:26 am
USDCHF’s upward movement from 0.8703 (May 8, 2014 low) extended to as high as 1.0016. Further rise could be expected over the next several weeks, and next target would be at 105.00 area. Key support is located...

USDJPY Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:25 am
USDJPY is testing 121.84 resistance, a clear break above this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 130.00 area. Key support is at 115.56,...

AUDUSD Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:25 am
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high). As long as the trend line resistance holds, the downtrend could be expected to continue, and next...

GBPUSD Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:24 am
GBPUSD’s downward movement from 1.7190 (Jul 15, 2014 high) extended to as low as 1.5324. Further decline could be expected, and next target would be at 1.5000 area. Key resistance is at 1.5825, only break above this...

EURUSD Weekly Analysis – January 4, 2015

by ForexCycle.com | January 4, 2015 7:22 am
EURUSD continued its downward movement from 1.3993 (May 8, 2014 high), and the fall extended to as low as 1.2000. Further decline could be expected after a minor consolidation, and next target would be at 1.1500 area....

USDCAD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:02 am
USDCAD moved sideways in a trading range between 1.1560 and 1.1673. As long as 1.1560 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191. Further rise could be...

USDCHF Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:01 am
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.9553. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDJPY Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:01 am
USDJPY remains in uptrend from 115.56, the fall from 120.82 is likely consolidation of the uptrend. Support is at 118.00, as long as this level holds, the uptrend could be expected to resume, and another rise towards...

AUDUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:00 am
AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.8795 had completed at 0.8087 already. Further rally would likely be seen over the next several days, and the...