AUDUSD Daily Analysis – March 2, 2015

by ForexCycle.com | March 2, 2015 3:36 am
AUDUSD is testing that support of the upward trend line on 4-hour chart. A breakdown below the trend line support will indicate that the downtrend from 0.8294 (Jan 15 high) has resumed, then the following downward movement...

GBPUSD Daily Analysis – March 2, 2015

by ForexCycle.com | March 2, 2015 3:35 am
GBPUSD is testing that support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.5551 could be treated as consolidation of the uptrend from 1.4950, one more...

EURUSD Daily Analysis – March 2, 2015

by ForexCycle.com | March 2, 2015 3:31 am
EURUSD’s downward movement from 1.1450 extended to as low as 1.1160. Further decline to test 1.1097 support could be expected, a breakdown this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed,...

USDCAD Daily Analysis – February 27, 2015

by ForexCycle.com | February 27, 2015 2:06 am
USDCAD failed to break below 1.2352 support, indicating that the pair remains in uptrend from 1.1191 (Nov 21, 2014 low), and the price action from 1.2797 could be treated as consolidation of the uptrend. Sideways movement in...

USDJPY Daily Analysis – February 27, 2015

by ForexCycle.com | February 27, 2015 2:05 am
No changed in our view, 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...

AUDUSD Daily Analysis – February 27, 2015

by ForexCycle.com | February 27, 2015 2:05 am
AUDUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will signal resumption of the downtrend from 0.8294 (Jan 15 high), then the following downward movement...

GBPUSD Daily Analysis – February 27, 2015

by ForexCycle.com | February 27, 2015 2:04 am
GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.4950 had completed at 1.5551 already, then deeper decline to...

EURUSD Daily Analysis – February 27, 2015

by ForexCycle.com | February 27, 2015 2:04 am
EURUSD broke below 1.1261 support, further decline to test 1.1097 support could be seen, a breakdown below this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement...

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...