USDCAD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:12 am
USDCAD’s upward movement from 1.0709 extended to as high as 1.0943. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0875, only break below this level...

USDCHF Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:12 am
USDCHF broke below the lower line of the price channel on 4-hour chart, indicating that consolidation of the uptrend from 0.8855 is underway. Range trading between 0.9000 and 0.9105 would likely be seen in a couple of...

USDJPY Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:11 am
USDJPY remains in uptrend from 101.06, the fall from 103.08 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the...

AUDUSD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:11 am
AUDUSD remains in downtrend from 0.9470, the rise from 0.9275 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 0.9250 area. Resistance is at 0.9340, only break above this...

GBPUSD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:10 am
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6809. Further decline could be expected after a minor consolidation, and next target would be at 1.6500 area. Only a clear break...

EURUSD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:09 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway. Range trading between 1.3366 and 1.3470 would likely be seen in a couple of days. Resistance is...

USDCAD Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:23 am
USDCAD’s upward movement from 1.0619 extended to as high as 1.0943. Further rise would likely be seen, and next target would be at 1.1100 area. Support is at 1.0800, only break below this level will indicate that...

USDCHF Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:22 am
USDCHF’s upward movement from 0.8699 extended to as high as 0.9106. Further rise could be expected after a minor consolidation, and next target would be at 0.9400 area. Support is at 0.8900, only break below this level...

USDJPY Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:21 am
USDJPY failed to break below 100.75 key support, and stays in a trading range between 100.75 and 104.12. As long as 100.75 support holds, the price action in the range could be treated as consolidation of the...

AUDUSD Weekly Analysis – August 3, 2014

by ForexCycle.com | August 3, 2014 6:21 am
AUDUSD continued its sideways movement in a range between 0.9202 and 0.9504. As long as 0.9202 key support holds, the uptrend from 0.8660 could be expected to resume, and next target would be at 1.0000. On the...