USDCHF Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:39 am
USDCHF is now in uptrend from 0.8832, the fall from 0.9000 is treated as consolidation of the uptrend. Further rise could be expected and the target would be at 0.9050 area. Key support is at 0.8832, only...

USDJPY Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:38 am
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25 low), the fall from 104.63 is likely consolidation of the uptrend. Key support is located at the lower line...

AUDUSD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:38 am
AUDUSD remains in downtrend from 0.9756 (Oct 23 high), the rise from 0.8820 could be treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as...

GBPUSD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:37 am
GBPUSD moved sideways in a range between 1.6219 and 1.6481 for several days. As long as 1.6219 key support holds, the price action in the range could be treated as consolidation of the uptrend from 1.5854, another...

EURUSD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:36 am
EURUSD is now in downtrend from 1.3810, the rise from 1.3625 is treated as consolidation of the downtrend. Further decline would likely be seen over the next several days, and next target would be at 1.3550 area....

USDCAD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:25 pm
After breaking above 1.0707 resistance, USDCAD pulled back from 1.0727, suggesting that lengthier consolidation of the uptrend from 1.0182 (Sep 19 low) is needed. Deeper decline could be expected, and the target would be at 1.0580 area....

USDCHF Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:24 pm
USDCHF is in downtrend from 0.9751 (Jul 9 high), the rise from 0.8832 could be treated as consolidation of the downtrend. Further rally could be expected over the next several days, and the target would be at...

USDJPY Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:24 pm
USDJPY remains in uptrend from 96.94 (Oct 25 low). Further rise could be expected over the next several days, and next target would be at 105.00 area. Key support is located at the upward trend line on...

AUDUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:23 pm
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9756 (Oct 23 high). Further decline could be expected after a minor consolidation, and next target would be at 0.8750 area. Initial...

GBPUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:22 pm
After touching 1.6465 resistance, GBPUSD pulled back from 1.6481, suggesting that lengthier sideways consolidation of the uptrend from 1.5854 is underway. Key support is at 1.6219, as long as this level holds, the uptrend could be expected...