EURUSD Daily Analysis – July 15, 2014

by ForexCycle.com | July 15, 2014 3:47 am
EURUSD moved sideways in a range between 1.3575 and 1.3650. The price action in the range is likely consolidation of the downtrend from 1.3700. As long as 1.3650 resistance holds, the downtrend could be expected to resume,...

USDCAD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:54 am
USDCAD broke above 1.0696 resistance, indicating that the downward movement from 1.0960 had completed at 1.0619 already. Further rally could be expected, and the target would be at 1.0800 area. Support is now at 1.0670, only break...

USDCHF Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:54 am
USDCHF remains in uptrend from 0.8855, the fall from 0.8958 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 0.9000 area. Resistance is at 0.8958, a break...

USDJPY Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:53 am
USDJPY broke below 101.23 support and reached as low as 101.06. Further decline to test 100.75 support is possible, a breakdown below this level will signal completion of the long term uptrend from 75.57 (Oct 31, 2011...

AUDUSD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:53 am
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 0.9250 area. Support is at 0.9328, a breakdown...

GBPUSD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:52 am
GBPUSD moved sideways in a trading range between 1.7084 and 1.7179. As long as 1.7084 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6692, one more rise to...

EURUSD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:52 am
EURUSD is facing 1.3575 support, a breakdown below this level will signal resumption of the downtrend from 1.3700, then next target would be at 1.3500 area. Resistance is at 1.3650, only break above this level could trigger...

USDCAD Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:09 am
USDCAD remains in downtrend from 1.1278, the rise from 1.0619 is likely consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could...

USDCHF Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:08 am
USDCHF remains in long term downtrend from 0.9838 (May 22, 2013 high), the rise from 0.8699 is likely consolidation of the downtrend. Key resistance is now at 0.9036, as long as this level holds, the downtrend could...

USDJPY Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:07 am
USDJPY is facing 100.75 support again, a breakdown below this level will signal completion of the uptrend from 75.57 (Oct 31, 2011 low), then deeper decline to 97.00 area could be seen. On the upside, as long...