USDCHF Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:03 am
USDCHF’s upward movement from 0.9553 extended to as high as 0.9886. Further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level...

USDJPY Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:03 am
USDJPY’s upward movement from 115.56 extended to as high as 120.82. Further rise to test 131.84 resistance would likely be seen, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct...

AUDUSD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:02 am
AUDUSD remains in downtrend from 0.8795, the rise from 0.8087 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance...

GBPUSD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:01 am
GBPUSD is now in downtrend from 1.5785. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target...

EURUSD Daily Analysis – December 29, 2014

by ForexCycle.com | December 29, 2014 3:01 am
EURUSD is now in downtrend from 1.2569, and the fall extended to as low as 1.2166. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.2250,...

USDCAD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:59 am
USDCAD moved sideways in a narrow range between 1.1560 and 1.1673. The price action in the range is likely consolidation of the uptrend from 1.1191. As long as the trend line support holds, the uptrend could be...

USDCHF Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:58 am
No changed in our view, USDCHF remains in uptrend from 0.9552, further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level...

USDJPY Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:58 am
USDJPY remains in short term uptrend from 115.56, further rise to test 121.84 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the...

AUDUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:57 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8794. Further decline would likely be seen, and next target would be at 0.8000 area. Key resistance is at 0.8275, only break...

GBPUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:57 am
GBPUSD is facing 1.5541 support again, a breakdown below this level will signal resumption of the downtrend from 1.6182 (Oct 28 high), then the following downward movement could bring price to 1.5000 area. Resistance is at 1.5680,...