USDJPY Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:52 am
USDJPY’s bounce from 101.50 extended to as high as 102.35, as long as 102.45 resistance holds, the bounce would possibly be correction of the downtrend from 103.08, one more fall to test 100.75 support is still possible....

AUDUSD Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:52 am
AUDUSD remains in downtrend from 0.9470, the rise from 0.9238 could be treated as consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...

GBPUSD Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:51 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 downtrend could be expected to continue, and next target would be at...

EURUSD Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:50 am
EURUSD failed to break above 1.3444 resistance, and stayed in the trading range between 1.3333 and 1.3444, as long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend...

USDCAD Daily Analysis – August 11, 2014

by ForexCycle.com | August 11, 2014 3:08 am
No changed in our view, USDCAD remains in uptrend from 1.0619. As long as 1.0875 support holds, another rise to 1.1050 area could be expected. Only break below 1.0875 support could signal completion of the uptrend.

USDCHF Daily Analysis – August 11, 2014

by ForexCycle.com | August 11, 2014 3:08 am
USDCHF broke below 0.9040 support, indicating that the uptrend from 0.8855 had completed at 0.9114 already. Range trading between 0.9000 and 0.9114 would likely be seen over the next several days. Resistance is at 0.9114, only break...

USDJPY Daily Analysis – August 11, 2014

by ForexCycle.com | August 11, 2014 3:07 am
USDJPY remains in downtrend from 103.08, the bounce from 101.50 would possibly be consolidation of the downtrend. Further decline to test 100.75 support would likely be seen after consolidation. Resistance is at 102.45, only break above this...

AUDUSD Daily Analysis – August 11, 2014

by ForexCycle.com | August 11, 2014 3:07 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9470. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

GBPUSD Daily Analysis – August 11, 2014

by ForexCycle.com | August 11, 2014 3:06 am
GBPUSD’s downward movement from 1.7190 extended to as low as 1.6766. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6500 area. Key resistance is...

EURUSD Daily Analysis – August 11, 2014

by ForexCycle.com | August 11, 2014 3:06 am
EURUSD is facing 1.3444 resistance, as long as this level holds, the price action in the trading range between 1.3333 and 1.3444 could be treated as consolidation of the downtrend from 1.3700, another fall towards 1.3000 could...