USDCAD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:03 am
USDCAD’s upward movement from 1.0910 extends to as high as 1.1125. Further rise to test 1.1224 resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 1.0182 (Sept 19,...

USDCHF Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:02 am
USDCHF remains in downtrend from 0.9081, the rise from 0.8856 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds,...

USDJPY Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:02 am
USDJPY remains in uptrend from 100.75, the price action from 102.70 is likely consolidation of the uptrend. Support is at 101.35, as long as this level holds, the uptrend could be expected to resume, and next target...

AUDUSD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:01 am
AUDUSD moves sideways in a trading range between 0.8906 and 0.9080, the price action in the range could be treated as consolidation of the uptrend from 0.8660. As long as 0.8906 support holds, the uptrend could be...

GBPUSD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:01 am
GBPUSD is facing 1.6620 support, a breakdown below this level will indicate that the uptrend from 1.6252 had completed at 1.6822 already, then deeper decline to 1.6435 area could be seen. On the upside, as long as...

EURUSD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:00 am
EURUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.3477, the fall from 1.3773 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...

USDCAD Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:43 am
USDCAD bounced strongly from 1.0910, indicating that the downward movement from 1.1224 had completed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.1200 area. Support levels are at 1.1010...

USDCHF Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:43 am
USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8856. Further decline could be expected, and next target would be at 0.8800 area. Resistance levels are at 0.8900 and 0.8930, only...

USDJPY Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:42 am
USDJPY is now in uptrend from 100.75, the price action from 102.70 could be treated as consolidation of the uptrend. Support is at 101.35, as long as this level holds, the uptrend could be expected to resume,...

AUDUSD Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:42 am
AUDUSD broke below the lower line of the price channel on 4-hour chart. However, the price action in the trading range between 0.8906 and 0.9080 is likely consolidation of the uptrend from 0.8660, as long as 0.8906...