USDCAD Daily Analysis – February 6, 2014

by ForexCycle.com | February 6, 2014 3:56 am
USDCAD is facing 1.1031 support, a breakdown below this level will signal completion of the uptrend from 1.0588, then deeper decline to 1.0800 area could be seen. However, as long as 1.1031 support holds, the fall from...

USDCHF Daily Analysis – February 6, 2014

by ForexCycle.com | February 6, 2014 3:54 am
USDCHF moved sideways in a narrow range between 0.9003 and 0.9081. As long as 0.9003 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8903, one more rise to...

USDJPY Daily Analysis – February 6, 2014

by ForexCycle.com | February 6, 2014 3:54 am
USDJPY remains in downtrend from 104.92, the rise from 100.75 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...

AUDUSD Daily Analysis – February 6, 2014

by ForexCycle.com | February 6, 2014 3:53 am
AUDUSD’s upward movement from 0.8660 extended to as high as 0.8979. Further rise to test 0.9085 resistance could be expected, a break above this level will signal completion of the longer term downtrend from 0.9756 (Oct 23,...

GBPUSD Daily Analysis – February 6, 2014

by ForexCycle.com | February 6, 2014 3:52 am
GBPUSD is in consolidation of the downtrend from 1.6668. Range trading between 1.6252 and 1.6400 would likely be seen in a couple of days. Resistance is at 1.6400, as long as this level holds, the downtrend could...

EURUSD Daily Analysis – February 6, 2014

by ForexCycle.com | February 6, 2014 3:52 am
EURUSD’s rise from 1.3477 extended to as high as 1.3555. However, the rise is likely consolidation of the downtrend from 1.3739, another fall could be expected after consolidation, and next target would be at 1.3400 area. Resistance...

USDCAD Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:37 am
USDCAD moved sideways in a range between 1.1031 and 1.1224. As long as 1.1031 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0588, one more rise towards 1.1500...

USDCHF Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:36 am
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8903. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9135....

USDJPY Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:36 am
USDJPY remains in downtrend from 104.92, the rise from 100.75 could be treated as consolidation of the downtrend. Resistance is at 102.35, as long as this level holds, the downtrend could be expected to resume, and next...

AUDUSD Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:35 am
AUDUSD broke above 0.8887 resistance, suggesting that he downward movement from 0.9085 had completed at 0.8660 already. Further rally could be expected, and next target would be at 0.9000 area. Key resistance is at 0.9085, as long...