GBPUSD Daily Analysis – January 12, 2015

by ForexCycle.com | January 12, 2015 2:43 am
GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 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...

EURUSD Daily Analysis – January 12, 2015

by ForexCycle.com | January 12, 2015 2:42 am
EURUSD remains in downtrend from 1.2569, the rise from 1.1754 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance holds,...

USDCAD Daily Analysis – January 9, 2015

by ForexCycle.com | January 9, 2015 4:25 am
USDCAD remains in uptrend from 1.1560, the fall from 1.1873 is likely consolidation of the uptrend. Support is at 1.1731, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDCHF Daily Analysis – January 9, 2015

by ForexCycle.com | January 9, 2015 4:23 am
USDCHF remains in uptrend from 0.9553, and the rise extended to as high as 1.0216. Further rise could be expected after a minor consolidation, and next target would be at 1.0300 area. Support levels are at 1.0115...

USDJPY Daily Analysis – January 9, 2015

by ForexCycle.com | January 9, 2015 4:22 am
USDJPY remains in uptrend from 115.56, the fall from 120.82 could be treated as consolidation of the uptrend. Support is at 118.05, as long as this level holds, the uptrend could be expected to resume, and next...

AUDUSD Daily Analysis – January 9, 2015

by ForexCycle.com | January 9, 2015 4:20 am
AUDUSD continued its sideways movement in a range between 0.8032 and 0.8214. As long as 0.8214 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.8795 (Nov 17, 2014...

GBPUSD Daily Analysis – January 9, 2015

by ForexCycle.com | January 9, 2015 4:19 am
GBPUSD’s downward movement from 1.5785 extended to as low as 1.5034. Further decline could be expected, and next target would be at 1.4900 area. Resistance levels are at 1.5170 and 1.5300, only break above these levels could...

EURUSD Daily Analysis – January 9, 2015

by ForexCycle.com | January 9, 2015 4:19 am
EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.1754. Further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance levels are at 1.1880...

USDCAD Daily Analysis – January 8, 2015

by ForexCycle.com | January 8, 2015 2:34 am
USDCAD’s upward movement from 1.1156 extended to as high as 1.1873. Further rise could be expected, and next target would be at 1.2000 area. Support is at 1.1730, only break below this level will indicate that the...

USDCHF Daily Analysis – January 8, 2015

by ForexCycle.com | January 8, 2015 2:33 am
USDCHF’s upward movement from 0.9553 extended to as high as 1.0175. Further rise could be expected, and next target would be at 1.0300 area. Support is at 1.0000, only break below this level could signal completion of...