GBPUSD Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:57 am
GBPUSD remains in downtrend from 1.7190, the rise from 1.6809 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 holds, the downtrend...

EURUSD Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:56 am
EURUSD remains in 1.3700, the price action in the range between 1.3333 and 1.3444 is likely consolidation of the downtrend. Resistance is at 1.3444, as long as this level holds, the downtrend could be expected to continue,...

USDCAD Daily Analysis – August 6, 2014

by ForexCycle.com | August 6, 2014 5:48 am
USDCAD continued its upward movement from 1.0619, and the rise extended to as high as 1.0976. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0875,...

USDCHF Daily Analysis – August 6, 2014

by ForexCycle.com | August 6, 2014 5:48 am
USDCHF’s upward movement from 0.8855 extended to as high as 0.9110. Further rise could be expected, and next target would be at 0.9200 area. Support is at 0.9040, only break below this level could signal completion of...

USDJPY Daily Analysis – August 6, 2014

by ForexCycle.com | August 6, 2014 5:47 am
USDJPY remains in uptrend from 101.06, the fall from 103.08 could be treated as consolidation of the uptrend. Initial support is at the bottom of the price channel on 4-hour chart, and the key support is at...

AUDUSD Daily Analysis – August 6, 2014

by ForexCycle.com | August 6, 2014 5:46 am
AUDUSD remains in downtrend from 0.9470, the price action in the range between 0.9275 and 0.9342 is likely consolidation of the downtrend. Resistance at 0.9342, as long as this level holds, the downtrend could be expected to...

GBPUSD Daily Analysis – August 6, 2014

by ForexCycle.com | August 6, 2014 5:46 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 could be expected to continue, and next target would be at 1.6700 area. On...

EURUSD Daily Analysis – August 6, 2014

by ForexCycle.com | August 6, 2014 5:45 am
EURUSD’s downward movement from 1.3700 extended to as low as 1.3358. Further decline would likely be seen, and next target would be at 1.3200 area. Resistance is at 1.3444, only break above this level could signal completion...

USDCAD Daily Analysis – August 5, 2014

by ForexCycle.com | August 5, 2014 3:02 am
USDCAD remains in uptrend from 1.0709, the fall from 1.0943 could be treated as consolidation of the uptrend. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next...

USDCHF Daily Analysis – August 5, 2014

by ForexCycle.com | August 5, 2014 3:00 am
USDCHF remains in uptrend from 0.8855, the fall from 0.9105 could be treated as consolidation of the uptrend. Range trading between 0.9000 and 0.9105 is possible in a couple of days. Support is at 0.9000, as long...