USDJPY Daily Analysis – December 11, 2014

by ForexCycle.com | December 11, 2014 5:39 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), range trading between 117.23 and 121.84 would likely...

AUDUSD Daily Analysis – December 11, 2014

by ForexCycle.com | December 11, 2014 5:38 am
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Only...

GBPUSD Daily Analysis – December 11, 2014

by ForexCycle.com | December 11, 2014 5:32 am
GBPUSD’s rise from 1.5541 extended to as high as 1.5756. Range trading between 1.5541 and 1.5825 could be seen over the next several days. As long as 1.5825 resistance holds, the price action in the range could...

EURUSD Daily Analysis – December 11, 2014

by ForexCycle.com | December 11, 2014 5:00 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.2599 had completed at 1.2247 already. Range trading between 1.2247 and 1.2599 would likely be seen over the next several days.

USDCAD Daily Analysis – December 10, 2014

by ForexCycle.com | December 10, 2014 3:29 am
USDCAD remains in uptrend from 1.1191, the fall from 1.1500 is likely consolidation of the uptrend. Support is at 1.1365, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDCHF Daily Analysis – December 10, 2014

by ForexCycle.com | December 10, 2014 3:29 am
USDCHF remains in uptrend from 0.9531, the fall from 0.9817 is likely consolidation of the uptrend. Support is at 0.9646, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDJPY Daily Analysis – December 10, 2014

by ForexCycle.com | December 10, 2014 3:27 am
USDJPY broke below the upward trend line on 4-hour chart, indicating that consolidation of the uptrend from 105.32 (Oct 15 low) is underway. Range trading between 117.23 and 121.84 would likely be seen over the next several...

AUDUSD Daily Analysis – December 10, 2014

by ForexCycle.com | December 10, 2014 3:27 am
AUDUSD remains in downtrend from 0.8795, the rise from 0.8223 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

GBPUSD Daily Analysis – December 10, 2014

by ForexCycle.com | December 10, 2014 3:26 am
GBPUSD broke above the downward trend line on 4-hour chart, indicating that lengthier consolidation of the downtrend from 1.6182 (Oct 28 high) is underway. Range trading between 1.5541 and 1.5825 could be seen over the next several...

EURUSD Daily Analysis – December 10, 2014

by ForexCycle.com | December 10, 2014 3:26 am
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.2599, and the rise from 1.2247 could be treated as consolidation of the downtrend. As long as...