USDCAD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:33 am
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. As long as 1.2352 support holds, the uptrend from 1.1191 (Nov...

USDJPY Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:32 am
USDJPY’s upward movement from 115.85 extended to as high as 119.61. Further rise to test 120.82 resistance could be expected, a break of this level will target 125.00 area. Support is at 118.20, only break below this...

AUDUSD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:32 am
AUDUSD is in consolidation of the downtrend from 0.8294. Range trading between 0.7625 and 0.7950 would likely be seen over the next several days. Resistance is at 0.7950, as long as this level holds, the downtrend could...

GBPUSD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:31 am
GBPUSD is now in uptrend from 1.4950, the fall from 1.5351 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support...

EURUSD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:30 am
EURUSD is in consolidation of the downtrend from 1.2569 (Dec 16, 2014 high). Range trading between 1.1097 and 1.1650 is possible over the next several days. Support is at 1.1097, a breakdown below this level could signal...

USDCAD Daily Analysis – February 10, 2015

by ForexCycle.com | February 10, 2015 2:50 am
USDCAD is now in downtrend from 1.2797, the rise from 1.2352 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.2100 area. Resistance is at 1.2600, only...

USDJPY Daily Analysis – February 10, 2015

by ForexCycle.com | February 10, 2015 2:49 am
USDJPY broke above 118.86 resistance, indicating that the uptrend from 115.85 has resumed. Further rise to test 120.82 resistance could be expected, a break of this level will target 125.00 area. Support is at 117.60, only break...

AUDUSD Daily Analysis – February 10, 2015

by ForexCycle.com | February 10, 2015 2:49 am
No changed in our view, AUDUSD remains in downtrend from 0.8294, the rise from 0.7625 could be treated as consolidation of the downtrend. Range trading between 0.7625 and 0.7950 would likely be seen over the next several...

GBPUSD Daily Analysis – February 10, 2015

by ForexCycle.com | February 10, 2015 2:48 am
GBPUSD broke above 1.5268 resistance, indicating that the downtrend from 1.5785 (Dec 16, 2014 high) had completed at 1.4950 already. Further rise is still possible, and next target would be at 1.5500 area. Support levels are at...

EURUSD Daily Analysis – February 10, 2015

by ForexCycle.com | February 10, 2015 2:48 am
EURUSD remains in downtrend from 1.2569 (Dec 16, 2014 high), the rise from 1.1097 would possibly be consolidation of the downtrend. Range trading between 1.1097 and 1.1650 would likely be seen over the next several days. Key...