USDCAD Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:28 am
USDCAD broke above 1.1466 resistance. Further rise could be expected, and next target would be at 1.1600 area. Near term support is at the rising trend line on 4-hour chart, and the key support is at 1.1313,...

USDCHF Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:27 am
USDCHF’s upward movement from 0.9531 extended to as high as 09799. Further rise could be expected, and next target would be at 1.0000 area. Support is now located at the upward trend line on 4-hour chart, as...

USDJPY Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:27 am
USDJPY’s upward movement from 117.23 extended to as high as 121.84. Support is located at the rising trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...

AUDUSD Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:26 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8293. Resistance is located at the trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and...

GBPUSD Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:25 am
GBPUSD broke below 1.5585 support, indicating that the downtrend from 1.6182 has resumed. Further decline could be expected, and next target would be at 1.5000 area. Resistance is at 1.5670, only break above this level will indicate...

EURUSD Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:24 am
EURUSD’s downward movement from 1.2599 extended to as low as 1.2271. Further decline could be expected, and next target would be at 1.2000 area. Resistance is now located at the downward trend line on 4-hour chart, only...

USDCAD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:05 am
USDCAD stays 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 from...

USDCHF Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:05 am
USDCHF remains in uptrend from 0.9370 (Oct 15 low), the fall from 0.9794 is likely consolidation of the uptrend. As long as 0.9531 key support holds, the uptrend could be expected to resume, and next target would...

USDJPY Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:04 am
USDJPY continued its upward movement from 105.32 (Oct 15 low), and the rise extended to as high as 120.24. Near term support is at the bottom of the price channel on 4-hour chart. As long as the...

AUDUSD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:03 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8355. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8200 area. On the upside,...