AUDUSD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:53 am
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 0.9250 area. Support is at 0.9328, a breakdown...

GBPUSD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:52 am
GBPUSD moved sideways in a trading range between 1.7084 and 1.7179. As long as 1.7084 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6692, one more rise to...

EURUSD Daily Analysis – July 14, 2014

by ForexCycle.com | July 14, 2014 1:52 am
EURUSD is facing 1.3575 support, a breakdown below this level will signal resumption of the downtrend from 1.3700, then next target would be at 1.3500 area. Resistance is at 1.3650, only break above this level could trigger...

Has the British Pound rallied too far? – Paxforex

by Paxforex | July 13, 2014 12:26 pm
The British Pound has rallied very strong so far this year. The rally has been a continuation of strong bullish trends which emerged in the second-half of 2013. The rally has been largely fueled as forex traders...

USDCAD Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:09 am
USDCAD remains in downtrend from 1.1278, the rise from 1.0619 is likely consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could...

USDCHF Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:08 am
USDCHF remains in long term downtrend from 0.9838 (May 22, 2013 high), the rise from 0.8699 is likely consolidation of the downtrend. Key resistance is now at 0.9036, as long as this level holds, the downtrend could...

USDJPY Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:07 am
USDJPY is facing 100.75 support again, a breakdown below this level will signal completion of the uptrend from 75.57 (Oct 31, 2011 low), then deeper decline to 97.00 area could be seen. On the upside, as long...

AUDUSD Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:07 am
AUDUSD remains in uptrend from 0.8660, the price action from 0.9461 is likely consolidation of the uptrend. Key support is at 0.9202, as long as this level holds, the uptrend could be expected to resume, and further...

GBPUSD Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:06 am
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), further rise is still possible after a minor consolidation, and next target would be at 1.7500 area. Support is at 1.7030, followed by the upward trend line...

EURUSD Weekly Analysis – July 13, 2014

by ForexCycle.com | July 13, 2014 5:06 am
EURUSD moved sideways in a range between 1.3503 and 1.3700. The price action in the range is likely consolidation of the downtrend from 1.3993, another fall to test 1.3477 support could be expected, a breakdown below this...