GBPUSD Daily Analysis – February 4, 2015

by ForexCycle.com | February 4, 2015 3:31 am
GBPUSD stays in the trading range between 1.4950 and 1.5268. As long as 1.5268 resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high), and another...

EURUSD Daily Analysis – February 4, 2015

by ForexCycle.com | February 4, 2015 3:30 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.2569 (Dec 16, 2014 high) had completed at 1.1097 already. Range trading between 1.1097 and 1.1650 would likely be seen over the...

USDCAD Daily Analysis – February 3, 2015

by ForexCycle.com | February 3, 2015 3:43 am
USDCAD remains in uptrend from 1.1803, the fall from 1.2797 is likely consolidation o f the uptrend. Range trading between 1.2380 and 1.2797 could be seen in a couple of days. Support is at 1.2380, as long...

USDJPY Daily Analysis – February 3, 2015

by ForexCycle.com | February 3, 2015 3:43 am
No changed in our view, USDJPY remains in uptrend from 115.85, the fall from 118.86 would possibly be consolidation of the uptrend. Further rise to test 120.82 resistance could be expected after consolidation, and a clear break...

AUDUSD Daily Analysis – February 3, 2015

by ForexCycle.com | February 3, 2015 3:42 am
AUDUSD remains in downtrend from 0.8294, the rise from 0.7719 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...

GBPUSD Daily Analysis – February 3, 2015

by ForexCycle.com | February 3, 2015 3:41 am
GBPUSD continued its sideways movement in a range between 1.4950 and 1.5268. As long as 1.5268 resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high),...

EURUSD Daily Analysis – February 3, 2015

by ForexCycle.com | February 3, 2015 3:41 am
EURUSD is facing the resistance of the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downtrend from 1.2569 (Dec 16, 2014 high) had completed at 1.1097 already,...

USDCAD Daily Analysis – February 2, 2015

by ForexCycle.com | February 2, 2015 4:11 am
USDCAD remains in uptrend from 1.1803. Further rise could be expected after a minor consolidation, and next target would be at 1.2800 area. Support is at 1.2380, only break below this level could signal completion of the...

USDJPY Daily Analysis – February 2, 2015

by ForexCycle.com | February 2, 2015 4:11 am
USDJPY remains in uptrend from 115.85, the fall from 118.86 is likely consolidation of the uptrend. Further rise to test 120.82 resistance could be expected after consolidation, and a break of 118.86 resistance could signal resumption of...

AUDUSD Daily Analysis – February 2, 2015

by ForexCycle.com | February 2, 2015 4:10 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8294. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...