GBPUSD Daily Analysis – January 5, 2015

by ForexCycle.com | January 5, 2015 3:06 am
GBPUSD’s downward movement from 1.5785 extended to as low as 1.5167. Further decline could be expected after a minor consolidation, and next target would be at 1.5000 area. Resistance is at 1.5380, as long as this level...

EURUSD Daily Analysis – January 5, 2015

by ForexCycle.com | January 5, 2015 3:05 am
EURUSD’s downward movement from 1.2569 extended to as low as 1.1861. Further decline could be expected after a minor consolidation, and next target would be at 1.1700 area. Resistance is at 1.2050, as long as this level...

USDCAD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:02 am
USDCAD moved sideways in a trading range between 1.1560 and 1.1673. As long as 1.1560 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191. Further rise could be...

USDCHF Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:01 am
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.9553. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDJPY Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:01 am
USDJPY remains in uptrend from 115.56, the fall from 120.82 is likely consolidation of the uptrend. Support is at 118.00, as long as this level holds, the uptrend could be expected to resume, and another rise towards...

AUDUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:00 am
AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.8795 had completed at 0.8087 already. Further rally would likely be seen over the next several days, and the...

GBPUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:00 am
GBPUSD is facing the resistance of the price channel on 4-hour chart, as long as the channel resistance holds, the rise from 1.5485 could be treated as consolidation of the downtrend from 1.5785, another fall towards 1.5000...

EURUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 2:59 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2569. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

USDCAD Daily Analysis – December 30, 2014

by ForexCycle.com | December 30, 2014 5:50 am
USDCAD continued its sideways movement in a range between 1.1560 and 1.1673. As long as 1.1560 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191. Further rise could...

USDCHF Daily Analysis – December 30, 2014

by ForexCycle.com | December 30, 2014 5:49 am
USDCHF continued its upward movement from 0.9553, and the rise extended to as high as 0.9913. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the...