AUDUSD Daily Analysis – February 19, 2015

by ForexCycle.com | February 19, 2015 3:19 am
AUDUSD is testing 0.7875 resistance. As long as this level holds, the price action in the trading range between 0.7625 and 0.7875 could be treated as consolidation of the downtrend from 0.8294 (Jan 15 high), another fall...

GBPUSD Daily Analysis – February 19, 2015

by ForexCycle.com | February 19, 2015 3:19 am
GBPUSD’s upward movement from 1.4950 extended to as high as 1.5479. Support is at 1.5315, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.5500 area. On...

EURUSD Daily Analysis – February 19, 2015

by ForexCycle.com | February 19, 2015 3:18 am
EURUSD continued its sideways movement in a range between 1.1261 and 1.1534. Support is at 1.1261, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then the following downward...

USDCAD Daily Analysis – February 18, 2015

by ForexCycle.com | February 18, 2015 3:54 am
USDCAD is facing 1.2352 support, a breakdown below this level will indicate that the downtrend from 1.2797 has resumed, then deeper decline to 1.2200 area could be seen. On the other side, as long as 1.2352 support...

USDJPY Daily Analysis – February 18, 2015

by ForexCycle.com | February 18, 2015 3:54 am
USDJPY remains in downtrend from 120.47, the rise from 118.23 is likely consolidation of the downtrend. Further decline would likely be seen after consolidation, and the target would be at 116.50 area. Key resistance is at 120.47,...

AUDUSD Daily Analysis – February 18, 2015

by ForexCycle.com | February 18, 2015 3:53 am
AUDUSD is facing 0.7875 resistance, a break of this level will indicate that lengthier consolidation of the downtrend from 0.8294 (Jan 15 high) is underway, then further rise to 0.8000 area could be seen. However, as long...

GBPUSD Daily Analysis – February 18, 2015

by ForexCycle.com | February 18, 2015 3:53 am
GBPUSD remains in uptrend from 1.4950, the fall from 1.5439 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend...

EURUSD Daily Analysis – February 18, 2015

by ForexCycle.com | February 18, 2015 3:51 am
EURUSD stayed in a narrow range between 1.1261 and 1.1534. Support is at 1.1261, a breakdown below this level will signal resumption of the downtrend from 1.2569 (Dec 16, 2014 high), then the following downward movement could...

USDCAD Daily Analysis – February 17, 2015

by ForexCycle.com | February 17, 2015 3:31 am
USDCAD is forming a sideways movement in a range between 1.2352 and 1.2797. Key support is at 1.2352, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 1.1191...

USDJPY Daily Analysis – February 17, 2015

by ForexCycle.com | February 17, 2015 3:31 am
USDJPY’s downward movement from 120.47 extended to as low as 118.23. Further decline could be expected and the target would be at 116.50 area. Key resistance is at 120.47, only break above this level will indicate that...