USD/CHF Rising Channel Forming (January 29, 2014)

by Kate Curtis | January 29, 2014 7:55 am
USD/CHF seems to be on the start of an uptrend on its 1-hour time frame, as a rising channel is beginning to form. The pair just found support at the bottom near the .8950 minor psychological level...

USDCAD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:12 am
USDCAD broke above 1.1173 resistance, indicating that the uptrend from 1.0588 has resumed. Further rise could be expected, and next target would be at 1.1400 area. Key support is located at the upward trend line on 4-hour...

USDCHF Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:11 am
USDCHF remains in downtrend from 0.9156, the rise from 0.8903 is likely consolidation of the downtrend. Resistance is at 0.9030, as long as this level holds, the downtrend could be expected to resume, and next target would...

USDJPY Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:11 am
USDJPY’s rise from 101.77 extended to as high as 103.44. However, the rise is likely consolidation of the downtrend from 105.44. Resistance is now at the upper line of the price channel on 4-hour chart. As long...

AUDUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:10 am
AUDUSD is in downtrend from 0.9085, the rise from 0.8660 is likely consolidation of the downtrend. Key resistance is at 0.8887, as long as this level holds, the downtrend could be expected to resume, another fall to...

GBPUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:09 am
GBPUSD is in consolidation of the uptrend from 1.5854 (Nov 12, 2013 low). Another fall to the bottom of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the...

EURUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:09 am
No changed in our view, EURUSD remains in uptrend from 1.3507, the fall from 1.3739 is likely consolidation of the uptrend. Support is at 1.3595, as long as this level holds, the uptrend could be expected to...

AUD/JPY Potential Pullback (January 28, 2014)

by Kate Curtis | January 28, 2014 8:36 am
 AUD/JPY recently made a sharp selloff on global growth concerns and risk aversion but the pair seems ready to make a quick retracement. On the 4-hour time frame, the 61.8% Fibonacci retracement level of the latest swing...

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by ForexCycle.com | January 28, 2014 3:43 am
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USDCAD Daily Analysis – January 28, 2014

by ForexCycle.com | January 28, 2014 3:38 am
USDCAD stays above a upward trend line on 4hour chart, and remains in uptrend from 1.0588, the fall from 1.1173 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...