EURUSD Daily Analysis – February 25, 2014

by ForexCycle.com | February 25, 2014 3:27 am
EURUSD moved sideways in a narrow range between 1.3686 and 1.3773. As long as the channel support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3477, another rise to...

USDCAD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:59 am
Being contained by 1.1224 resistance, USDCAD pulled back from 1.1192. Another rise to re-test 1.1224 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.0182 (Sept 19, 2013 low),...

USDCHF Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:58 am
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9081, the rise from 0.8856 could be treated as consolidation of the downtrend. As long as the channel resistance holds, the downtrend...

USDJPY Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:57 am
USDJPY’s upward movement from 100.75 extended to as high as 102.82. Further rise could be expected in a couple of days, and next target would be at 104.00 area. Key support is at 101.35, only break below...

AUDUSD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:56 am
AUDUSD stayed in a trading range between 0.8906 and 0.9080 for several days. The price action in the range is likely consolidation of the uptrend from 0.8660. As long as 0.8906 support holds, the uptrend could be...

GBPUSD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:56 am
GBPUSD’s fall from 1.6822 extended to as low as 1.6613. However, the fall is likely consolidation of the uptrend from 1.6252, another rise towards 1.7000 could be expected after consolidation. Support is now at 1.6530, only break...

EURUSD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:55 am
EURUSD remains in uptrend from 1.3477, the fall from 1.3773 could be treated as consolidation of the uptrend. Initial support is at the bottom of the price channel on 4-hour chart, and the key support is at...

USDCAD Weekly Analysis – February 22, 2014

by ForexCycle.com | February 22, 2014 2:56 pm
USDCAD failed to break below the upward trend line on daily chart, and rebounded from 1.0910. However, as long as 1.1224 resistance holds, the consolidation of the uptrend from 1.0182 could be expected to continue, and one...

USDCHF Weekly Analysis – February 22, 2014

by ForexCycle.com | February 22, 2014 2:55 pm
USDCHF’s fall from 0.9156 extended to as low as 0.8856. Deeper decline to test 0.8799 support would likely be seen next week, a breakdown below this level will signal resumption of the downtrend from 0.9751, then next...

USDJPY Weekly Analysis – February 22, 2014

by ForexCycle.com | February 22, 2014 2:55 pm
USDJPY broke above the upper line of the price channel on daily chart, suggesting that the downward movement from 105.44 had completed at 100.75 already. Further rise could be expected next week, and next target would be...