USDJPY Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:18 am
USDJPY’s fall from 104.26 extended to as low as 103.69. Support is at 103.49, as long as this level holds, the fall could be treated as consolidation of the uptrend from 101.50, another rise to 105.00 area...

AUDUSD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:17 am
AUDUSD broke above 0.9343 resistance, indicating that the downtrend from 0.9504 (Jul 1 high) had completed at 0.9237 already. Further rise could be expected, and the target would be at 0.9450 area. Support is at 0.9300, only...

GBPUSD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:16 am
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the bounce from 1.6536 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance...

EURUSD Daily Analysis – August 28, 2014

by ForexCycle.com | August 28, 2014 3:15 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 (Jul 1 high) is underway. Range trading between 1.3152 and 1.3300 is possible over the next several days. Key...

USDCAD Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:27 am
USDCAD broke below 1.0925 support, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline to 1.0880 area is possible. Key support is at 1.0860, only break below this level could...

USDCHF Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:26 am
USDCHF’s upward movement from 0.8997 extended to as high as 0.9184. Further rise could be expected, and next target would be at 0.9400 area. Support is now at 0.9135, only break below this level could signal completion...

USDJPY Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:25 am
No changed in our view, USDJPY remains in uptrend from 101.50, the fall from 104.26 is likely consolidation of the uptrend. Support is at 103.50, as long as this level holds, the uptrend could be expected to...

AUDUSD Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:25 am
AUDUSD moved sideways in a trading range between 0.9237 and 0.9343. As long as 0.9343 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1 high), another...

GBPUSD Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:24 am
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...

EURUSD Daily Analysis – August 27, 2014

by ForexCycle.com | August 27, 2014 3:23 am
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Near term resistance is located at the downward trend...