USDJPY Daily Analysis – January 30, 2014

by ForexCycle.com | January 30, 2014 4:17 am
USDJPY is facing 101.77 support, a breakdown below this level will signal resumption of the downtrend from 105.44, then next target would be at 100.50 area. However, as long as 101.77 support holds, the consolidation of the...

AUDUSD Daily Analysis – January 30, 2014

by ForexCycle.com | January 30, 2014 4:16 am
AUDUSD remains in downtrend from 0.9085, the price action from 0.8756 could be treated as consolidation of the downtrend. Key resistance is at 0.8887, as long as this level holds, the downtrend could be expected to resume,...

GBPUSD Daily Analysis – January 30, 2014

by ForexCycle.com | January 30, 2014 4:15 am
GBPUSD remains in short term downtrend from 1.6668, the rise from 1.6474 is treated as correction of the downtrend. Another fall towards the bottom of the price channel on 4-hour chart would likely be seen after correction....

EURUSD Daily Analysis – January 30, 2014

by ForexCycle.com | January 30, 2014 4:15 am
EURUSD’s fall from 1.3739 extended to as low as 1.3603. However, the fall is likely consolidation of the uptrend from 1.3507. as long as 1.3595 support holds, the uptrend could be expected to resume, and one more...

USDCAD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:12 am
USDCAD broke above 1.1173 resistance, indicating that the uptrend from 1.0588 has resumed. Further rise could be expected, and next target would be at 1.1400 area. Key support is located at the upward trend line on 4-hour...

USDCHF Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:11 am
USDCHF remains in downtrend from 0.9156, the rise from 0.8903 is likely consolidation of the downtrend. Resistance is at 0.9030, as long as this level holds, the downtrend could be expected to resume, and next target would...

USDJPY Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:11 am
USDJPY’s rise from 101.77 extended to as high as 103.44. However, the rise is likely consolidation of the downtrend from 105.44. Resistance is now at the upper line of the price channel on 4-hour chart. As long...

AUDUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:10 am
AUDUSD is in downtrend from 0.9085, the rise from 0.8660 is likely consolidation of the downtrend. Key resistance is at 0.8887, as long as this level holds, the downtrend could be expected to resume, another fall to...

GBPUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:09 am
GBPUSD is in consolidation of the uptrend from 1.5854 (Nov 12, 2013 low). Another fall to the bottom of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the...

EURUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:09 am
No changed in our view, EURUSD remains in uptrend from 1.3507, the fall from 1.3739 is likely consolidation of the uptrend. Support is at 1.3595, as long as this level holds, the uptrend could be expected to...