USDJPY Daily Analysis – December 19, 2014

by ForexCycle.com | December 19, 2014 1:10 am
USDJPY is now 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 uptrend from 105.32 (Oct 15 low), then the following...

AUDUSD Daily Analysis – December 19, 2014

by ForexCycle.com | December 19, 2014 1:10 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

GBPUSD Daily Analysis – December 19, 2014

by ForexCycle.com | December 19, 2014 1:09 am
GBPUSD failed to break below 1.5541 support, and stayed in the trading range between 1.5541 and 1.5825. Sideways movement in the range could be expected to continue in a couple of days. Key resistance is at 1.5825,...

EURUSD Daily Analysis – December 19, 2014

by ForexCycle.com | December 19, 2014 1:09 am
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area. Near term resistance is at 1.2375, only break...

USDCAD Daily Analysis – December 18, 2014

by ForexCycle.com | December 18, 2014 2:38 am
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191, the fall from 1.1673 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...

USDCHF Daily Analysis – December 18, 2014

by ForexCycle.com | December 18, 2014 2:37 am
USDCHF broke above 0.9680 resistance, indicating that the downward movement from 0.9817 had completed at 0.9553 already. Further rise to test 0.9817 resistance would likely be seen, a break of this level will signal resumption of the...

USDJPY Daily Analysis – December 18, 2014

by ForexCycle.com | December 18, 2014 2:36 am
USDJPY’s downward movement from 121.84 had completed at 115.56 already. Further rise to test 121.84 resistance would likely be seen, a break of this level will signal resumption of the uptrend from 105.32 (Oct 15 low), then...

AUDUSD Daily Analysis – December 18, 2014

by ForexCycle.com | December 18, 2014 2:36 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8106. Further decline could be expected, and next target would be at 0.8000 area. Near term resistance is at the falling trend line on 4-hour chart, only...

GBPUSD Daily Analysis – December 18, 2014

by ForexCycle.com | December 18, 2014 2:33 am
GBPUSD is facing 1.5541 support, a breakdown below this level will indicate that the downtrend from 1.6182 (Oct 28 high) has resumed, then further decline to 1.5000 area could be seen. Resistance is at 1.5650, only break...

EURUSD Daily Analysis – December 18, 2014

by ForexCycle.com | December 18, 2014 2:33 am
EURUSD failed to break above 1.2599 resistance, and stays in the trading range between 1.2247 and 1.2599. As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend...