AUDUSD Daily Analysis – February 5, 2015

by ForexCycle.com | February 5, 2015 1:33 am
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 days. Resistance is at 0.7950,...

GBPUSD Daily Analysis – February 5, 2015

by ForexCycle.com | February 5, 2015 1:33 am
GBPUSD is facing 1.5268 resistance, as long as this level holds, the sideways movement in the range between 1.4950 and 1.5268 could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high), and another...

EURUSD Daily Analysis – February 5, 2015

by ForexCycle.com | February 5, 2015 1:28 am
EURUSD is in consolidation of the downtrend from 1.2569 (Dec 16, 2014 high). Range trading between 1.1097 and 1.1650 would likely be seen over the next several days. Key resistance is at 1.1650, as long as this...

USDCAD Daily Analysis – February 4, 2015

by ForexCycle.com | February 4, 2015 3:33 am
USDCAD broke below 1.2380 support, indicating that the uptrend from 1.1803 had completed at 1.2797 already. Range trading between 1.2200 and 1.2797 would likely be seen over the next several days.

USDJPY Daily Analysis – February 4, 2015

by ForexCycle.com | February 4, 2015 3:32 am
USDJPY is facing the resistance of the price channel on 4-hour chart, a clear break above the channel resistance will indicate that the uptrend from 115.85 has resumed, then the following upward movement could bring price to...

AUDUSD Daily Analysis – February 4, 2015

by ForexCycle.com | February 4, 2015 3:32 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 rise from 0.7625 could be treated as consolidation of the downtrend, and...

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...