USDCAD Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:32 am
USDCAD broke below 1.1031 support, indicating that the uptrend from 1.0588 had completed at 1.1224 already. Further decline would likely be seen in a couple of days, and the target would be at 1.0800 area. Resistance is...

USDCHF Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:31 am
USDCHF’s fall from 0.9081 extended to as low as 0.8960. Further decline would likely be seen in a couple of days, and next target would be at 0.8900 area. Resistance is at 0.9025, only break above this...

USDJPY Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:31 am
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that consolidation of the downtrend from 105.44 is underway. Further rally would likely be seen and the target would be at 103.50 area....

AUDUSD Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:30 am
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8998. Further rise to test 0.9085 resistance is still possible, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be...

GBPUSD Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:29 am
GBPUSD broke above 1.6400 resistance, suggesting that the downward movement from 1.6668 had completed, and the pair is now in uptrend from 1.6252. Further rally could be expected, and next target would be at 1.6550 area. Support...

EURUSD Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:29 am
EURUSD’s rise from 1.3477 extended to as high as 1.3642. The uptrend could be expected to continue, and the target would be at the upper line of the price channel on 4-hour chart. However, the rise would...

USDCAD Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:32 pm
USDCAD remains in uptrend from 1.0182, the fall from 1.1224 is likely consolidation of the uptrend. Deeper decline would likely be seen, and the target would be at the upward trend line on daily chart. On the...

USDCHF Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:31 pm
USDCHF remains in downtrend from 0.9751, the price action from 0.8890 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as this level holds, the downtrend could be expected to resume,...

USDJPY Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:31 pm
USDJPY remains in downtrend from 105.44, and the fall extended to as low as 100.75. Further decline would likely be seen in a couple of weeks, and next target would be at 98.00 area. Initial resistance is...

AUDUSD Weekly Analysis – February 8, 2014

by ForexCycle.com | February 8, 2014 1:30 pm
AUDUSD broke above the upper line of the price channel on daily chart, suggesting that the downward movement from 0.9756 had completed at 0.8660 already. Further rally would likely be seen over the next several weeks, and...