USDJPY Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:54 am
USDJPY’s upward movement from 105.32 extended to as high as 119.93. Further rise could be expected and next target would be at 122.00 area. Key support is at 117.23, only break below this level could signal completion...

AUDUSD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:53 am
AUDUSD continued its downward movement from 0.8795, and the fall extended to as low as 0.8378. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...

GBPUSD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:53 am
GBPUSD continued its sideways movement in a range between 1.5585 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6182, another fall towards...

EURUSD Daily Analysis – December 4, 2014

by ForexCycle.com | December 4, 2014 3:52 am
EURUSD broke below 1.2358 support, indicating that the downtrend from 1.2867 (Oct 15 high) has resumed. Further decline could be expected, and next target would be at 1.2000 area. Resistance is at 1.2400, as long as this...

USDCAD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:18 am
USDCAD is facing 1.1466 resistance again, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. Support is at 1.1300, below this level...

USDCHF Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:17 am
USDCHF is facing 1.9739 resistance again, a break of this level will indicate that the uptrend from 0.9370 has resumed, then next target would be at 1.0000 area. Support is at 0.9660, only break below this level...

USDJPY Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:16 am
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 119.43. Further rise could be expected, and next target would be at 122.00 area. Key support is at 117.23, only break below...

AUDUSD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:15 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8391. Further decline would likely be seen, and next target would be at 0.8300 area. Resistance is located at the downward trend line on 4-hour chart, only...

GBPUSD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:15 am
GBPUSD moved sideways in a trading range between 1.5585 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6182, another fall towards 1.5000...

EURUSD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:14 am
EURUSD is facing 1.2358 support again, a breakdown below this level will signal resumption of the downtrend from 1.2867, then next target would be at 1.2000 area. Resistance is at 1.2460, only break above this level will...