USDCAD Daily Analysis – December 16, 2014

by ForexCycle.com | December 16, 2014 1:54 am
USDCAD’s upward movement from 1.1191 extended to as high as 1.1673. Further rise is still possible after a minor consolidation, and next target would be at 1.1800 area. Key support is located at the upward trend line...

USDCHF Daily Analysis – December 16, 2014

by ForexCycle.com | December 16, 2014 1:53 am
USDCHF remains in downtrend from 0.9817. Deeper decline would likely be seen in a couple of days, and the target would be at 09550 area. Resistance is at 0.9722, only break above this level could trigger another...

USDJPY Daily Analysis – December 16, 2014

by ForexCycle.com | December 16, 2014 1:53 am
USDJPY is testing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation of the uptrend from 105.32 (Oct 15 low). Sideways movement in a range between 117.23 and 121.84...

AUDUSD Daily Analysis – December 16, 2014

by ForexCycle.com | December 16, 2014 1:52 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8200. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to...

GBPUSD Daily Analysis – December 16, 2014

by ForexCycle.com | December 16, 2014 1:51 am
GBPUSD stays in the trading range between 1.5541 and 1.5825. The price action in the range is likely consolidation of the downtrend from 1.6182 (Oct 28 high), as long as 1.5825 resistance holds, the downtrend could be...

EURUSD Daily Analysis – December 16, 2014

by ForexCycle.com | December 16, 2014 1:51 am
EURUSD remains in short term uptrend from 1.2247. Further rise to test 1.2599 resistance would likely be seen. Support is at 1.2361, only break below this level will indicate that the uptrend is complete, then the following...

USDCAD Daily Analysis – December 15, 2014

by ForexCycle.com | December 15, 2014 3:07 am
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191. Further rise could be expected in a couple of days, and next target would be at 1.1700 area. Support is located...

USDCHF Daily Analysis – December 15, 2014

by ForexCycle.com | December 15, 2014 3:06 am
USDCHF’s downward movement from 0.9817 extended to as low as 0.9618. Further decline could be expected, and the target would be at 0.9550 area. Resistance levels are at 0.9725 and 0.9817, only break above these levels could...

USDJPY Daily Analysis – December 15, 2014

by ForexCycle.com | December 15, 2014 3:06 am
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation of the uptrend from 105.32 (Oct 15 low). Sideways movement in a range between 117.23 and 121.84...

AUDUSD Daily Analysis – December 15, 2014

by ForexCycle.com | December 15, 2014 3:05 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. Further decline could be expected over the next several days, and next target would be at 0.8000 area. Near term resistance...