EURUSD Weekly Analysis – February 2, 2014
EURUSD’s fall from 1.3892 extended to as low as 1.3479. Deeper decline is still possible, and the target would be at the lower line of the price channel on daily chart. However, as long as the channel...
Author: ForexCycle.com
USDCAD Daily Analysis – January 31, 2014
USDCAD’s upward movement from 1.0588 extended to as high as 1.1198. Key support is now at 1.1031, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1300...
USDCHF Daily Analysis – January 31, 2014
USDCHF broke above 0.9030 resistance, suggesting that the downtrend from 0.9156 had completed at 0.8903 already. Further rise could be expected, and next target would be at 0.9100 area. Support is at 0.8970, only break below this...
USDJPY Daily Analysis – January 31, 2014
USDJPY moved sideways in a range between 101.77 and 103.44. Key resistance is located at upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the price action in the range...
AUDUSD Daily Analysis – January 31, 2014
AUDUSD formed a sideways consolidation in a range between 0.8660 and 0.8887. As long as 0.8887 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9085, one more fall...
GBPUSD Daily Analysis – January 31, 2014
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6445. Deeper decline to test the support of the lower line of the price channel on 4-hour chart is possible. As long as the channel support holds,...
EURUSD Daily Analysis – January 31, 2014
EURUSD is facing 1.3507 support, a breakdown below this level will signal resumption of the downtrend from 1.3892, then next target would be at 1.3400 area. However, as long as 1.3507 support holds, lengthier sideways movement could...
Snapchat and the Disappearing Bears in the Stock Market
By Elliott Wave International If Inspector Gadget or Maxwell Smart had lived in the digital age, their bosses would have used the smartphone app Snapchat to deliver their secret missions. Snapchat is a popular app with about...
USDCAD Daily Analysis – January 30, 2014
USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0588. As long as the trend line support holds, the uptrend from 1.0588 could be expected to continue, and next target would...
USDCHF Daily Analysis – January 30, 2014
USDCHF is in consolidation of the downtrend from 0.9156. One more fall to 0.8850 area to complete the consolidation would likely be seen. Resistance is at 0.9030, only break above this level could signal completion of the...