AUDUSD Daily Analysis – September 19, 2014

by ForexCycle.com | September 19, 2014 2:38 am
AUDUSD stays below the downward trend line on 4-hour chart and remains in downtrend from 0.9401, the rise from 0.8927 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...

GBPUSD Daily Analysis – September 19, 2014

by ForexCycle.com | September 19, 2014 2:38 am
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.7190 (Jul 15 high) had completed at 1.6051 already. Further rise could be expected in a couple of days, and next target...

EURUSD Daily Analysis – September 19, 2014

by ForexCycle.com | September 19, 2014 2:37 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411, the rise from 1.2834 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...

Here’s Why Trendlines are Your New Best Friend, Part 3

by ForexCycle.com | September 18, 2014 3:17 am
By Elliott Wave International Have you ever seen Donald Duck play pool? Trust us, it isn’t pretty. An expert pool player, on the other hand — well, he can just look at the billiards table and imagine...

USDCAD Daily Analysis – September 18, 2014

by ForexCycle.com | September 18, 2014 3:15 am
After touching 1.0933 support, USDCAD rebounded from 1.0926, indicating that the pair remains in uptrend from 1.0810, and the fall from 1.1098 could be treated as correction of the uptrend. Further rise to test 1.1098 would likely...

USDCHF Daily Analysis – September 18, 2014

by ForexCycle.com | September 18, 2014 3:14 am
USDCHF’s upward movement from 0.8997 extended to as high as 0.9432. Further rise could be expected, and next target would be at 0.9600 area. Near term support is at the upward trend line on 4-hour chart, and...

USDJPY Daily Analysis – September 18, 2014

by ForexCycle.com | September 18, 2014 3:14 am
After consolidation, USDJPY continued its upward movement from 101.50, and the rise extended to as high as 108.67. Further rise could be expected after a minor consolidation, and next target would be at 110.00 area. Near term...

AUDUSD Daily Analysis – September 18, 2014

by ForexCycle.com | September 18, 2014 3:13 am
AUDUSD continued its downward movement from 0.9401 and the fall extended to as low as 0.8938. Further decline could be expected and next target would be at 0.8700 area. Near term resistance is at the downward trend...

GBPUSD Daily Analysis – September 18, 2014

by ForexCycle.com | September 18, 2014 3:12 am
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 1.6051 could be treated as consolidation of the downtrend from 1.7190 (Jul 15...

EURUSD Daily Analysis – September 18, 2014

by ForexCycle.com | September 18, 2014 3:12 am
After consolidation, EURUSD broke below 1.2859 support and continued its downward movement from 1.3411, and the fall extended to as low as 1.2834. Further decline could be expected, and next target would be at 1.2600 area. Resistance...