GBPUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:22 pm
After touching 1.6465 resistance, GBPUSD pulled back from 1.6481, suggesting that lengthier sideways consolidation of the uptrend from 1.5854 is underway. Key support is at 1.6219, as long as this level holds, the uptrend could be expected...

EURUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:21 pm
EURUSD broke below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.3296 (Nov 7 low) had completed at 1.3810 already. Deeper decline would likely be seen over the next several...

USDCAD Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:09 am
USDCAD breaks above 1.0707 resistance and reaches as high as 1.0719, suggesting that the uptrend from 1.0182 (Sep 19 low) has resumed. Further rise could be expected over the next several days, and next target would be...

USDCHF Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:06 am
USDCHF broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9249 (Nov 7 high) had completed at 0.8832 already. Further rally is possible over the next several days, and...

USDJPY Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:05 am
USDJPY broke above 103.92 resistance and reached as high as 104.36. Key support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected...

AUDUSD Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:02 am
AUDUSD continues its downward movement from 0.9168, and the fall extends to as low as 0.8820. Initial resistance is at 0.8900, as long as this level holds, the downtrend remains, and next target would be at 0.8750...

GBPUSD Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:01 am
GBPUSD break above 1.6465 resistance, suggesting that the uptrend from 1.5854 (Nov 12 low) has resumed. Further rise could be expected over the next several days, and next target would be at 1.6600 area. Key support is...

EURUSD Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:00 am
EURUSD is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.3296 (Nov 7 low) could be expected to resume, and another...

USDCAD Daily Analysis – December 18, 2013

by ForexCycle.com | December 18, 2013 3:04 am
USDCAD is forming a sideways consolidation in a range between 1.0561 and 1.0707. Key support is at 1.0561, as long as this level holds, the uptrend from 1.0182 (Sep 19 low) could be expected to resume, and...

USDCHF Daily Analysis – December 18, 2013

by ForexCycle.com | December 18, 2013 3:03 am
USDCHF broke below 0.8829 support, and continues its downward movement from 0.9249 (Nov 7 high). Further decline could be expected, and next target would be at 0.8750 area. Initial resistance is at the upper line of the...