GBPUSD Daily Analysis – December 30, 2014

by ForexCycle.com | December 30, 2014 5:47 am
GBPUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.5785. Further decline could be expected, and next target would be at 1.5000 area. Resistance is at the upper line of the...

EURUSD Daily Analysis – December 30, 2014

by ForexCycle.com | December 30, 2014 5:47 am
EURUSD’s downward movement from 1.2569 extended to as low as 1.2132. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to...

USDCAD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:04 am
USDCAD stays in the trading range between 1.1560 and 1.1673. As long as 1.1560 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191. Further rise could be expected...

USDCHF Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:03 am
USDCHF’s upward movement from 0.9553 extended to as high as 0.9886. Further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level...

USDJPY Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:03 am
USDJPY’s upward movement from 115.56 extended to as high as 120.82. Further rise to test 131.84 resistance would likely be seen, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct...

AUDUSD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:02 am
AUDUSD remains in downtrend from 0.8795, the rise from 0.8087 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance...

GBPUSD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:01 am
GBPUSD is now in downtrend from 1.5785. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target...

EURUSD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:01 am
EURUSD is now in downtrend from 1.2569, and the fall extended to as low as 1.2166. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.2250,...

USDCAD Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:20 am
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDCHF Weekly Analysis – December 28, 2014

by ForexCycle.com | December 28, 2014 6:19 am
USDCHF stays above the upward trend line on daily chart, and remains in uptrend from 0.8703. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...