USDCAD Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:37 am
USDCAD broke below 1.0875 support, indicating that the uptrend from 1.0619 had completed at 1.0985 already. Deeper decline is still possible over the next several days, and the target would be at 1.0800 area. Resistance levels are...

USDCHF Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:36 am
USDCHF broke below 0.9032 support, indicating that the uptrend from 0.8897 had completed at 0.9114 already. Deeper decline is still possible over the next several days, and the target would be at 0.8900 area. Resistance is at...

USDJPY Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:35 am
USDJPY broke below 102.20 support, indicating that the upward movement from 101.50 had completed at 102.71 already. Further decline would likely be seen in a couple of days, and next target would be at 101.00 area. Resistance...

AUDUSD Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:34 am
AUDUSD’s rise from 0.9238 extended to as high as 0.9334. Further rise to test 0.9373 resistance is possible, as long as this level holds, the price action from 0.9275 could be treated as consolidation of the downtrend...

GBPUSD Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:34 am
GBPUSD remains in downtrend from 1.7190, the rise from 1.6657 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend...

EURUSD Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:33 am
EURUSD continued its sideways movement in a range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, another fall towards...

USDCAD Weekly Analysis – August 17, 2014

by ForexCycle.com | August 17, 2014 6:26 am
USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and next target would...

USDCHF Weekly Analysis – August 17, 2014

by ForexCycle.com | August 17, 2014 6:25 am
USDCHF remains in uptrend, the fall from 0.9114 is likely consolidation of the uptrend. Deeper decline to 0.8900 area to complete the consolidation is possible. As long as 0.8900 support holds, the uptrend could be expected to...

USDJPY Weekly Analysis – August 17, 2014

by ForexCycle.com | August 17, 2014 6:24 am
USDJPY moved sideways in a narrow range between 100.75 and 104.12 for several months. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct...

AUDUSD Weekly Analysis – August 17, 2014

by ForexCycle.com | August 17, 2014 6:23 am
AUDUSD is testing 0.9202 support, a breakdown below this level will signal completion of the uptrend from 0.8660, then further following downward movement could bring price to 0.8000 area. On the upside, as long as 0.9202 support...