USDCAD Daily Analysis – August 19, 2014

by ForexCycle.com | August 19, 2014 3:17 am
USDCAD is in downtrend from 1.0985. Further decline would likely be seen after a minor consolidation, and next target would be at 1.0800 area. Resistance levels are at 1.0940 and 1.0985, only break above these levels could...

USDCHF Daily Analysis – August 19, 2014

by ForexCycle.com | August 19, 2014 3:07 am
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9114. Resistance is located at the upper line of the channel. As long as the channel resistance holds, the rise from 0.8997...

USDJPY Daily Analysis – August 19, 2014

by ForexCycle.com | August 19, 2014 3:06 am
USDJPY is facing 102.71 resistance, above this level could trigger another rise towards 104.00, However, as long as 102.71 resistance holds, the rise from 102.13 would possibly be correction of the downtrend from 102.71, another fall towards...

AUDUSD Daily Analysis – August 19, 2014

by ForexCycle.com | August 19, 2014 3:05 am
AUDUSD continued its upward movement from 0.9238, and the rise extended to as high as 0.9340. Further rise to test 0.9373 resistance is still possible, as long as this level holds, the rise could be treated as...

GBPUSD Daily Analysis – August 19, 2014

by ForexCycle.com | August 19, 2014 3:05 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the bounce from 1.6657 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...

EURUSD Daily Analysis – August 19, 2014

by ForexCycle.com | August 19, 2014 3:04 am
EURUSD is facing 1.3333 support again, a breakdown below this level will signal resumption of the downtrend from 1.3700, then next target would be at 1.3000 area. Resistance is at 1.3444, only break above this level will...

EURGBP Countertrend Setup (Aug 18, 2014)

by Kate Curtis | August 18, 2014 8:38 am
EURGBP has been moving inside a rising channel for most of the month, as price made higher lows and higher highs. At the moment, the pair is testing the top of the rising channel, which lines up...

USDCAD Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:37 am
USDCAD broke below 1.0875 support, indicating that the uptrend from 1.0619 had completed at 1.0985 already. Deeper decline is still possible over the next several days, and the target would be at 1.0800 area. Resistance levels are...

USDCHF Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:36 am
USDCHF broke below 0.9032 support, indicating that the uptrend from 0.8897 had completed at 0.9114 already. Deeper decline is still possible over the next several days, and the target would be at 0.8900 area. Resistance is at...

USDJPY Daily Analysis – August 18, 2014

by ForexCycle.com | August 18, 2014 2:35 am
USDJPY broke below 102.20 support, indicating that the upward movement from 101.50 had completed at 102.71 already. Further decline would likely be seen in a couple of days, and next target would be at 101.00 area. Resistance...