GBPUSD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:46 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the bounce from 1.6536 could be treated as consolidation of the downtrend. Another...

EURUSD Daily Analysis – September 1, 2014

by ForexCycle.com | September 1, 2014 2:45 am
EURUSD’s downward movement from 1.3411 extended to as low as 1.3121. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected...

USDCAD Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 7:01 am
USDCAD remains in downtrend from 1.0997, the rise from 1.0828 is likely consolidation of the downtrend. Resistance is at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would...

USDCHF Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 7:00 am
USDCHF is in consolidation of the uptrend from 0.8855 (Jul 1 low). Deeper decline would likely be seen and the target would be at 0.9080 area. Support levels are at 0.9125 and 0.9080, as long as these...

USDJPY Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 6:59 am
USDJPY moved sideways in a range between 103.49 and 104.26. As long as 103.49 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.50, further rise could be expected...

AUDUSD Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 6:55 am
AUDUSD is now in uptrend from 0.9237. Further rise is still possible after a minor consolidation, and the target would be at 0.9450 area. Support is at the upward trend line on 4-hour chart, only a clear...

GBPUSD Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 6:54 am
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.7190 could be expected to resume, and another fall towards 1.6400 is still...

EURUSD Daily Analysis – August 29, 2014

by ForexCycle.com | August 29, 2014 6:53 am
EURUSD is in consolidation of the downtrend from 1.3700 (Jul 1 high). Range trading between 1.3152 and 1.3300 would likely be seen in a couple of days. Resistance levels are at 1.3240 and 1.3300, as long as...

USDCAD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:19 am
USDCAD broke below 1.0860 support, indicating that the uptrend from 1.0619 (Jul 3 low) had completed at 1.0997 already. Further decline is still possible, and next target would be at 1.0750 area. Resistance is at 1.0900, only...

USDCHF Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:18 am
USDCHF broke below 0.9135 support, indicating that the uptrend from 0.8997 had completed at 0.9184 already. Deeper decline could be expected, and the target would be at 0.9080 area. However, as long as 0.9080 support holds, the...