USDCAD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:59 am
USDCAD moved sideways in a narrow range between 1.1560 and 1.1673. The price action in the range is likely consolidation of the uptrend from 1.1191. As long as the trend line support holds, the uptrend could be...

USDCHF Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:58 am
No changed in our view, USDCHF remains in uptrend from 0.9552, further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level...

USDJPY Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:58 am
USDJPY remains in short term uptrend from 115.56, further rise to test 121.84 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the...

AUDUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:57 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8794. Further decline would likely be seen, and next target would be at 0.8000 area. Key resistance is at 0.8275, only break...

GBPUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:57 am
GBPUSD is facing 1.5541 support again, a breakdown below this level will signal resumption of the downtrend from 1.6182 (Oct 28 high), then the following downward movement could bring price to 1.5000 area. Resistance is at 1.5680,...

EURUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:56 am
EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.2216. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.2350, only...

USDCAD Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:32 am
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191. As long as the trend line support holds, the fall from 1.1673 could be treated as consolidation of the uptrend. Further...

USDCHF Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:32 am
USDCHF remains in uptrend from 0.9552, further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level could trigger another fall to...

USDJPY Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:31 am
USDJPY is now in uptrend from 115.56, further rise to test 121.84 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the following...

AUDUSD Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:31 am
AUDUSD remains in downtrend from 0.8794. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Key resistance is at 0.8275, only break above...