GBPUSD Daily Analysis – February 13, 2014

by ForexCycle.com | February 13, 2014 4:02 am
GBPUSD is facing 1.6668 resistance, a break above this level will indicate that the longer term uptrend from 1.4813 (Jul 9, 2013 low) has resumed, then further rise to 1.7000 area could be seen. Support is at...

EURUSD Daily Analysis – February 13, 2014

by ForexCycle.com | February 13, 2014 4:01 am
EURUSD failed to break above the upper line of the price channel on 4-hour chart, and pulled back from 1.3682, suggesting that the upward movement from 1.3477 is complete. Further decline could be expected in a couple...

USDCAD Daily Analysis – February 12, 2014

by ForexCycle.com | February 12, 2014 3:43 am
USDCAD remains in downtrend from 1.1224, the rise from 1.0967 could be treated as consolidation of the downtrend. Deeper decline would likely be seen, and next target would be at 1.0800 area. Resistance is at 1.1100, only...

USDCHF Daily Analysis – February 12, 2014

by ForexCycle.com | February 12, 2014 3:42 am
USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8940. Resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the...

USDJPY Daily Analysis – February 12, 2014

by ForexCycle.com | February 12, 2014 3:42 am
USDJPY is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 100.75 could be treated as consolidation of the downtrend from 105.44, another fall towards...

AUDUSD Daily Analysis – February 12, 2014

by ForexCycle.com | February 12, 2014 3:41 am
AUDUSD is facing 0.9085 resistance, as long as this level holds, the price action from 0.8820 (Dec 18, 2013 low) could be treated as consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), another fall towards...

GBPUSD Daily Analysis – February 12, 2014

by ForexCycle.com | February 12, 2014 3:41 am
GBPUSD’s upward movement from 1.6252 extended to as high as 1.6487. Further rise could be expected after a minor consolidation, and next target would be at 1.6600 area. Support is at 1.6340, only break below this level...

EURUSD Daily Analysis – February 12, 2014

by ForexCycle.com | February 12, 2014 3:40 am
EURUSD is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 1.3477 could be treated as consolidation of the downtrend from 1.3892 (Dec 27, 2013...

USDCAD Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:32 am
USDCAD broke below 1.1031 support, indicating that the uptrend from 1.0588 had completed at 1.1224 already. Further decline would likely be seen in a couple of days, and the target would be at 1.0800 area. Resistance is...

USDCHF Daily Analysis – February 10, 2014

by ForexCycle.com | February 10, 2014 3:31 am
USDCHF’s fall from 0.9081 extended to as low as 0.8960. Further decline would likely be seen in a couple of days, and next target would be at 0.8900 area. Resistance is at 0.9025, only break above this...