EURUSD Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 6:53 am
EURUSD is in consolidation of the downtrend from 1.3700 (Jul 1 high). Range trading between 1.3152 and 1.3300 would likely be seen in a couple of days. Resistance levels are at 1.3240 and 1.3300, as long as...

USDCAD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:19 am
USDCAD broke below 1.0860 support, indicating that the uptrend from 1.0619 (Jul 3 low) had completed at 1.0997 already. Further decline is still possible, and next target would be at 1.0750 area. Resistance is at 1.0900, only...

USDCHF Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:18 am
USDCHF broke below 0.9135 support, indicating that the uptrend from 0.8997 had completed at 0.9184 already. Deeper decline could be expected, and the target would be at 0.9080 area. However, as long as 0.9080 support holds, the...

USDJPY Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:18 am
USDJPY’s fall from 104.26 extended to as low as 103.69. Support is at 103.49, as long as this level holds, the fall could be treated as consolidation of the uptrend from 101.50, another rise to 105.00 area...

AUDUSD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:17 am
AUDUSD broke above 0.9343 resistance, indicating that the downtrend from 0.9504 (Jul 1 high) had completed at 0.9237 already. Further rise could be expected, and the target would be at 0.9450 area. Support is at 0.9300, only...

GBPUSD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:16 am
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the bounce from 1.6536 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance...

EURUSD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:15 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 (Jul 1 high) is underway. Range trading between 1.3152 and 1.3300 is possible over the next several days. Key...

USDCAD Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:27 am
USDCAD broke below 1.0925 support, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline to 1.0880 area is possible. Key support is at 1.0860, only break below this level could...

USDCHF Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:26 am
USDCHF’s upward movement from 0.8997 extended to as high as 0.9184. Further rise could be expected, and next target would be at 0.9400 area. Support is now at 0.9135, only break below this level could signal completion...

USDJPY Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:25 am
No changed in our view, USDJPY remains in uptrend from 101.50, the fall from 104.26 is likely consolidation of the uptrend. Support is at 103.50, as long as this level holds, the uptrend could be expected to...