EURUSD Daily Analysis – December 27, 2013

by ForexCycle.com | December 27, 2013 3:23 am
EURUSD remains in downtrend from 1.3810, the rise from 1.3625 is likely consolidation of the downtrend. Initial resistance is at 1.3740, as long as this level holds, the downtrend could be expected to resume, and one more...

USDCAD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:17 am
USDCAD stays within a upward price channel on 4-hour chart, indicating that the price action from 1.0707 is consolidation of the uptrend from 1.0182 (Sep 19 low). As long as the channel support holds, the uptrend could...

USDCHF Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:16 am
USDCHF broke above the upper line of the price channel on 4-hour chart, and is now in uptrend from 0.8832, the fall from 0.9000 is likely consolidation of the uptrend. Further rise could be expected, and the...

USDJPY Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:15 am
USDJPY is in consolidation of the uptrend from 96.94 (Oct 25 low), another fall to the lower line of the price channel on 4-hour chart to complete the consolidation would likely be seen. Resistance is at 104.63,...

AUDUSD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:15 am
AUDUSD’s bounce from 08820 extended to as high as 0.8957. Another rise to test the resistance of the upper line of the price channel on 4-hour chart would likely be seen. As long as the channel resistance...

GBPUSD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:14 am
GBPUSD stays in a trading range between 1.6219 and 1.6481. The price action in the range is likely consolidation of the uptrend from 1.5854. Key support is at 1.6219, as long as this level holds, the uptrend...

EURUSD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:13 am
EURUSD broke below the lower line of the price channel on 4-hour chart, and is now in downtrend from 1.3810, the rise from 1.3625 is likely consolidation of the downtrend. Initial resistance is at 1.3740, as long...

USDCAD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:40 am
USDCAD remains in uptrend from 1.0182 (Sep 19 low), the price action from 1.0707 could be treated as consolidation of the uptrend. Deeper decline would likely be seen in a couple of days, and the target would...

USDCHF Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:39 am
USDCHF is now in uptrend from 0.8832, the fall from 0.9000 is treated as consolidation of the uptrend. Further rise could be expected and the target would be at 0.9050 area. Key support is at 0.8832, only...

USDJPY Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:38 am
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25 low), the fall from 104.63 is likely consolidation of the uptrend. Key support is located at the lower line...