GBPUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:57 am
GBPUSD is facing 1.5541 support again, a breakdown below this level will signal resumption of the downtrend from 1.6182 (Oct 28 high), then the following downward movement could bring price to 1.5000 area. Resistance is at 1.5680,...

EURUSD Daily Analysis – December 23, 2014

by ForexCycle.com | December 23, 2014 2:56 am
EURUSD remains in downtrend from 1.2569, and the fall extended to as low as 1.2216. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.2350, only...

USDCAD Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:32 am
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191. As long as the trend line support holds, the fall from 1.1673 could be treated as consolidation of the uptrend. Further...

USDCHF Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:32 am
USDCHF remains in uptrend from 0.9552, further rise could be expected after a minor consolidation, and next target would be at 1.0000 area. Support is at 0.9750, only break below this level could trigger another fall to...

USDJPY Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:31 am
USDJPY is now in uptrend from 115.56, further rise to test 121.84 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 105.19 (Oct 15 low), then the following...

AUDUSD Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:31 am
AUDUSD remains in downtrend from 0.8794. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Key resistance is at 0.8275, only break above...

GBPUSD Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:30 am
GBPUSD continued its sideways movement in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6182 (Oct 28 high), another fall towards...

EURUSD Daily Analysis – December 22, 2014

by ForexCycle.com | December 22, 2014 3:29 am
EURUSD broke below 1.2247 support indicating that the downtrend from 1.2886 (Oct 15 high) has resumed. Further decline could be expected, and next target would be at 1.2000 area. Near term resistance is at 1.2350, only break...

USDCAD Weekly Analysis – December 21, 2014

by ForexCycle.com | December 21, 2014 5:33 am
USDCAD’s upward movement from 1.0619 extended to as high as 1.1673. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue,...

USDCHF Weekly Analysis – December 21, 2014

by ForexCycle.com | December 21, 2014 5:32 am
USDCHF broke above 0.9817 previous high, indicating that the uptrend from 0.8703 has resumed. Near term support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could...