USDCAD Daily Analysis – February 26, 2015

by ForexCycle.com | February 26, 2015 3:35 am
USDCAD is facing 1.2352 support again, a breakdown below this level will bring price to 1.2200 area. However, as long as 1.2352 support holds, the price action from 1.2797 could be treated as consolidation of the uptrend...

USDJPY Daily Analysis – February 26, 2015

by ForexCycle.com | February 26, 2015 3:34 am
USDJPY is in downtrend from 120.47, the bounce from 118.23 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and the target would be at 116.50 area. Support is at 118.23, a breakdown...

AUDUSD Daily Analysis – February 26, 2015

by ForexCycle.com | February 26, 2015 3:31 am
AUDUSD broke above 0.7875 resistance, indicating that lengthier consolidation of the downtrend from 0.8294 is underway. Further rise could be expected, and the target would be at 0.8000 area. On the downside, a clear break below the...

GBPUSD Daily Analysis – February 26, 2015

by ForexCycle.com | February 26, 2015 3:30 am
GBPUSD’s upward movement from 1.4950 extended to as high as 1.5551. Further rise could be expected, and next target would be at 1.5650 area. Support is located at the upward trend line on 4-hour chart, only a...

EURUSD Daily Analysis – February 26, 2015

by ForexCycle.com | February 26, 2015 3:30 am
EURUSD continued its sideways movement in a range between 1.1261 and 1.1450. The price action in the range is likely consolidation of the downtrend from 1.1534, further decline to test 1.1097 support is possible after consolidation.

USDCAD Daily Analysis – February 24, 2015

by ForexCycle.com | February 24, 2015 1:09 am
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. As long as 1.2352 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191 (Nov 21,...

USDJPY Daily Analysis – February 24, 2015

by ForexCycle.com | February 24, 2015 1:09 am
USDJPY remains in downtrend from 120.47, the bounce from 118.23 could be treated as consolidation of the downtrend. Another fall to 116.50 area could be expected after consolidation, and a breakdown below 118.23 support could signal resumption...

AUDUSD Daily Analysis – February 24, 2015

by ForexCycle.com | February 24, 2015 1:08 am
AUDUSD failed to break above 0.7875 resistance, and stayed in the trading range between 0.7625 and 0.7875. Another fall to test 0.7625 support would likely be seen, a breakdown below this level will signal resumption of the...

GBPUSD Daily Analysis – February 24, 2015

by ForexCycle.com | February 24, 2015 1:08 am
GBPUSD is facing 1.5479 resistance, a break of this level will signal resumption of the uptrend from 1.4950, then next target would be at 1.5500 area. Support is at 1.5315, only break below this level will indicate...

EURUSD Daily Analysis – February 24, 2015

by ForexCycle.com | February 24, 2015 1:07 am
EURUSD stayed in the trading range between 1.1261 and 1.1534. Another fall to test 1.1261 support is possible, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then next...