AUDUSD Daily Analysis – September 2, 2014

by ForexCycle.com | September 2, 2014 3:26 am
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.9237 had completed at 0.9373 already. Further decline to test 0.9237 support would likely be seen, a breakdown below this level will...

GBPUSD Daily Analysis – September 2, 2014

by ForexCycle.com | September 2, 2014 3:25 am
After touching the downward trend line on 4-hour chart, GBPUSD dropped down from 1.6643, indicating that the pair remains in downtrend from 1.7190. Deeper decline to test 1.6536 support would likely be seen, a breakdown below this...

EURUSD Daily Analysis – September 2, 2014

by ForexCycle.com | September 2, 2014 3:24 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

GBPCAD Countertrend Setup (Sept 1, 2014)

by Kate Curtis | September 1, 2014 8:58 am
GBPCAD has been moving in a downtrend on its 4-hour time frame but appears to be finding support at the bottom of the rising channel. Price has bounced off the 1.8000 major psychological level and might rally...

USDCAD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:48 am
USDCAD’s downward movement from 1.0997 had completed at 1.0810 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be at 1.0950 area. Support levels are at...

USDCHF Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:48 am
After consolidation, USDCHF broke above 0.9184 resistance and continued its upward movement from 0.8997, and the rise extended to as high as 0.9194. Further rise could be expected over the next several days, and next target would...

USDJPY Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:47 am
USDJPY is facing 104.26 resistance, above this level will signal resumption of the uptrend from 101.50, then next target would be at 105.00 area. Key support is at 103.49, only break below this level could signal completion...

AUDUSD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:47 am
AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 0.9373 could be treated as consolidation of the uptrend from 0.9237, another rise...

GBPUSD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:46 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the bounce from 1.6536 could be treated as consolidation of the downtrend. Another...

EURUSD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:45 am
EURUSD’s downward movement from 1.3411 extended to as low as 1.3121. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected...