USDJPY Daily Analysis – January 15, 2015

by ForexCycle.com | January 15, 2015 2:42 am
USDJPY’s downward movement from 120.82 extended to as low as 116.07. Deeper decline to test 115.56 support is possible after a minor consolidation. Resistance is located at the downward trend line on 4-hour chart, only a clear...

AUDUSD Daily Analysis – January 15, 2015

by ForexCycle.com | January 15, 2015 2:42 am
AUDUSD remains in downtrend from 0.8910 (Oct 29, 2014 high), the rise from 0.8032 is likely consolidation of the downtrend. Sideways movement in a range between 0.8032 and 0.8300 would likely be seen in a couple of...

GBPUSD Daily Analysis – January 15, 2015

by ForexCycle.com | January 15, 2015 2:41 am
GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 is likely consolidation of the downtrend. Range trading between 1.5034 and 1.5300 could be seen in a couple of days. Resistance is at 1.5300, as long as...

EURUSD Daily Analysis – January 15, 2015

by ForexCycle.com | January 15, 2015 2:41 am
EURUSD’s downward movement from 1.2569 extended to as low as 1.1744. Further decline could be expected, and next target would be at 1.1500 area. Resistance is now at 1.1870, only break above this level will indicate that...

USDCAD Daily Analysis – January 14, 2015

by ForexCycle.com | January 14, 2015 2:55 am
USDCAD’s upward movement from 1.1560 extended to as high as 1.1993. Further rise is still possible after a minor consolidation, and next target would be at 1.2100 area. Support is at 1.1850, only break below this level...

USDCHF Daily Analysis – January 14, 2015

by ForexCycle.com | January 14, 2015 2:53 am
USDCHF remains in uptrend from 1.9553, the fall from 1.0216 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support holds,...

USDJPY Daily Analysis – January 14, 2015

by ForexCycle.com | January 14, 2015 2:52 am
USDJPY stays in the downward price channel on 4-hour chart, and remains in downtrend from 120.82. Deeper decline is still possible, and next target would be at 116.50 area. Resistance is at the upper line of the...

AUDUSD Daily Analysis – January 14, 2015

by ForexCycle.com | January 14, 2015 2:51 am
No changed in our view, AUDUSD is in consolidation of the downtrend from 0.8910 (Oct 29, 2014 high). Range trading between 0.8032 and 0.8300 would likely be seen in a couple of days. As long as 0.8300...

GBPUSD Daily Analysis – January 14, 2015

by ForexCycle.com | January 14, 2015 2:51 am
GBPUSD broke above the upper line of the price channel on 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.5785 is needed. Range trading between 1.5034 and 1.5300 would likely be seen in a couple...

EURUSD Daily Analysis – January 14, 2015

by ForexCycle.com | January 14, 2015 2:50 am
EURUSD is in consolidation of the downtrend from 1.2569. Range trading between 1.1754 and 1.1975 would likely be seen in a couple of days. Resistance is at 1.1975, as long as this level holds, the downtrend could...