GBPUSD Daily Analysis – January 14, 2014

by ForexCycle.com | January 14, 2014 2:33 am
GBPUSD is facing 1.6337 key support, a breakdown below this level will indicate that the uptrend from 1.5854 (Nov 12, 2013 low) had completed at 1.6593 already, then the following downward movement could bring price back to...

EURUSD Daily Analysis – January 14, 2014

by ForexCycle.com | January 14, 2014 2:32 am
EURUSD is now in uptrend from 1.3548. Further rise could be expected after a minor consolidation, and next target would be at 1.3750 area. Support levels are at 1.3600 and 1.3548, only break below these levels could...

Uptrend on GBP/USD (January 13, 2014)

by Kate Curtis | January 13, 2014 9:02 am
GBP/USD is still on an uptrend, despite the sharp selloff that occurred recently. The pair has just bounced off the bottom of the rising channel on the 1-hour time frame as indicating potential rallies. Stochastic is moving...

USDCAD Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:37 am
USDCAD’s upward movement from 1.0588 extended to as high as 1.0945. Further rise is still possible after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0825, only break below this level...

USDCHF Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:36 am
USDCHF broke below 0.9025 support, indicating that the uptrend from 0.8799 had completed at 0.9126 already. Further decline could be expected in a couple of days, and next target would be at 0.8950 area. Resistance levels are...

USDJPY Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:36 am
USDJPY broke below the lower line of the price channel on 4-hour chart, indicating that the upward movement from 96.94 (Oct 25, 2013 low) had completed at 105.44 already. The pair is now in downtrend, further decline...

AUDUSD Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:35 am
AUDUSD’s rise from 0.8820 extends to as high as 0.9033. Further rise would likely be seen, and next target would be at 0.9100 area. Support levels are at 0.8900 and 0.8820, only break below these levels could...

GBPUSD Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:35 am
GBPUSD remains in uptrend from 1.5854 (Nov 12, 2013 low), the price action from 1.6593 could be treated as consolidation of the uptrend. Key support is at 1.6337, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:34 am
EURUSD broke above 1.3655 resistance, indicating that the downtrend from 1.3892 had completed at 1.3548 already. Further rally would likely be seen in a couple of days, and next target would be at 1.3750 area. Support levels...

USDCAD Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:10 am
USDCAD’s upward movement from 1.0182 extended to as high as 1.0945. Further rise is still possible after a minor consolidation, and next target would be at 1.1200 area. Key support is located at the upward trend line...