GBPUSD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:03 am
GBPUSD stays in a trading range between 1.5585 and 1.5825. The price action in the range is likely consolidation of the downtrend from 1.6182, another fall towards 1.5000 could be expected after consolidation. Support is at 1.5585,...

EURUSD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:02 am
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend. Key resistance is at 1.2599, as long as this level holds, the downtrend could be expected to resume,...

USDCAD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:55 am
USDCAD moved sideways in a trading range between 1.1313 and 1.1458. As long as 1.1313 support holds, another rise to test 1.1466 resistance could be expected, a break of this level will signal resumption of the uptrend...

USDCHF Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:54 am
USDCHF broke above 0.9739 resistance, indicating that the uptrend from 0.9370 (Oct 15 low) has resumed. Further rise could be expected, and next target would be at 1.0000 area. Support is at 0.9700, as long as this...

USDJPY Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:54 am
USDJPY’s upward movement from 105.32 extended to as high as 119.93. Further rise could be expected and next target would be at 122.00 area. Key support is at 117.23, only break below this level could signal completion...

AUDUSD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:53 am
AUDUSD continued its downward movement from 0.8795, and the fall extended to as low as 0.8378. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...

GBPUSD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:53 am
GBPUSD continued its sideways movement in a range between 1.5585 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6182, another fall towards...

EURUSD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:52 am
EURUSD broke below 1.2358 support, indicating that the downtrend from 1.2867 (Oct 15 high) has resumed. Further decline could be expected, and next target would be at 1.2000 area. Resistance is at 1.2400, as long as this...

USDCAD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:18 am
USDCAD is facing 1.1466 resistance again, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. Support is at 1.1300, below this level...

USDCHF Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:17 am
USDCHF is facing 1.9739 resistance again, a break of this level will indicate that the uptrend from 0.9370 has resumed, then next target would be at 1.0000 area. Support is at 0.9660, only break below this level...