USDCAD Daily Analysis – August 14, 2014

by ForexCycle.com | August 14, 2014 3:11 am
USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Key support is at 1.0875, as long as this level holds, the uptrend could be expected to resume, and another rise...

USDCHF Daily Analysis – August 14, 2014

by ForexCycle.com | August 14, 2014 3:10 am
USDCHF moved sideways in a range between 0.9032 and 0.9114. As long as 0.9032 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8855, another rise to 0.9200 area...

USDJPY Daily Analysis – August 14, 2014

by ForexCycle.com | August 14, 2014 3:10 am
USDJPY broke above 102.45 resistance, indicating that the downtrend from 103.08 had completed at 101.50 already. Further rise could be expected and next target would be at 103.00 area. Support is at 102.20, only break below this...

AUDUSD Daily Analysis – August 14, 2014

by ForexCycle.com | August 14, 2014 3:09 am
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the bounce from 0.9238 could be treated as consolidation of the downtrend from 0.9470, another fall...

GBPUSD Daily Analysis – August 14, 2014

by ForexCycle.com | August 14, 2014 3:09 am
GBPUSD failed to break above the trend line resistance and continued its downward movement from 1.7190, and the fall extended to as low as 1.6669. As long as the trend line resistance holds, further decline could be...

EURUSD Daily Analysis – August 14, 2014

by ForexCycle.com | August 14, 2014 3:08 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...

Forex Major Currencies Outlook (August 13, 2014)

by Kate Curtis | August 13, 2014 7:40 am
USD The US dollar returned some of its recent gains when data came in weaker than expected. The JOLTS job openings report marked a 4.67M gain, lower than the estimated 4.74M increase. Meanwhile, the NFIB small business...

GBPUSD Retracement Play (August 13, 2014)

by Kate Curtis | August 13, 2014 7:38 am
GBPUSD has been on a downtrend ever since the BOE showed a bit of hesitation when it comes to tightening monetary policy by the end of the year. Price has broken below a support area around the...

USDCAD Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:12 am
USDCAD moved sideways in a trading range between 1.0903 and 1.0985. The sideways movement is likely consolidation of the uptrend from 1.0619. As long as 1.0903 support holds, the uptrend could be expected to resume, and next...