GBPUSD Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:25 am
GBPUSD broke below 1.5585 support, indicating that the downtrend from 1.6182 has resumed. Further decline could be expected, and next target would be at 1.5000 area. Resistance is at 1.5670, only break above this level will indicate...

EURUSD Daily Analysis – December 8, 2014

by ForexCycle.com | December 8, 2014 2:24 am
EURUSD’s downward movement from 1.2599 extended to as low as 1.2271. Further decline could be expected, and next target would be at 1.2000 area. Resistance is now located at the downward trend line on 4-hour chart, only...

USDCAD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:05 am
USDCAD stays in a trading range between 1.1313 and 1.1458. As long as 1.1313 support holds, another rise to test 1.1466 resistance could be expected, a break of this level will signal resumption of the uptrend from...

USDCHF Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:05 am
USDCHF remains in uptrend from 0.9370 (Oct 15 low), the fall from 0.9794 is likely consolidation of the uptrend. As long as 0.9531 key support holds, the uptrend could be expected to resume, and next target would...

USDJPY Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:04 am
USDJPY continued its upward movement from 105.32 (Oct 15 low), and the rise extended to as high as 120.24. Near term support is at the bottom of the price channel on 4-hour chart. As long as the...

AUDUSD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:03 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8355. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8200 area. On the upside,...

GBPUSD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:03 am
GBPUSD stays in a trading range between 1.5585 and 1.5825. The price action in the range is likely consolidation of the downtrend from 1.6182, another fall towards 1.5000 could be expected after consolidation. Support is at 1.5585,...

EURUSD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:02 am
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend. Key resistance is at 1.2599, as long as this level holds, the downtrend could be expected to resume,...

USDCAD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:55 am
USDCAD moved sideways in a trading range between 1.1313 and 1.1458. As long as 1.1313 support holds, another rise to test 1.1466 resistance could be expected, a break of this level will signal resumption of the uptrend...

USDCHF Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:54 am
USDCHF broke above 0.9739 resistance, indicating that the uptrend from 0.9370 (Oct 15 low) has resumed. Further rise could be expected, and next target would be at 1.0000 area. Support is at 0.9700, as long as this...