USDCAD Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:12 am
USDCAD moved sideways in a trading range between 1.0903 and 1.0985. The sideways movement is likely consolidation of the uptrend from 1.0619. As long as 1.0903 support holds, the uptrend could be expected to resume, and next...

USDCHF Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:12 am
USDCHF failed to break above 0.9114 resistance and stayed in the trading range between 0.9032 and 0.9114, indicating that lengthier consolidation for the uptrend from 0.8855 is needed. Sideways movement in the range would likely be seen...

USDJPY Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:11 am
USDJPY is facing 102.45 resistance, a break of this level will indicate that the downward movement from 103.08 had completed at 101.50 already, then further rise to 103.00 area could be seen. On the downside, as long...

AUDUSD Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:11 am
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9470, the rise from 0.9238 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...

GBPUSD Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:10 am
GBPUSD remains in downtrend from 1.7190, the rise from 1.6756 could be treated as consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...

EURUSD Daily Analysis – August 13, 2014

by ForexCycle.com | August 13, 2014 12:10 am
EURUSD failed to break below 1.3333 support and stayed in the trading range between 1.3333 and 1.3444. The price action in the range is likely consolidation of the downtrend from 1.3700. As long as 1.3444 resistance holds,...

USDCAD Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:54 am
USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDCHF Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:53 am
After touching 0.9040 support, USDCHF rebounded from 0.9032, indicating that the fall 0.9114 is consolidation of the uptrend 0.8855. Another rise could be expected after consolidation, and next target would be at 0.9200 area. Support is now...

USDJPY Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:52 am
USDJPY’s bounce from 101.50 extended to as high as 102.35, as long as 102.45 resistance holds, the bounce would possibly be correction of the downtrend from 103.08, one more fall to test 100.75 support is still possible....

AUDUSD Daily Analysis – August 12, 2014

by ForexCycle.com | August 12, 2014 3:52 am
AUDUSD remains in downtrend from 0.9470, the rise from 0.9238 could be treated as consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...