USDJPY Daily Analysis – August 8, 2014

by ForexCycle.com | August 8, 2014 2:18 am
USDJPY remains in downtrend from 103.08, the bounce from 101.78 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 101.00 area. Resistance is at 102.45, only break above this...

AUDUSD Daily Analysis – August 8, 2014

by ForexCycle.com | August 8, 2014 2:17 am
AUDUSD’s downward movement from 0.9470 extended to as low as 0.9242. Further decline could be expected, and next target would be at 0.9100 area. Resistance is now located at the downward trend line on 4-hour chart, only...

GBPUSD Daily Analysis – August 8, 2014

by ForexCycle.com | August 8, 2014 2:16 am
GBPUSD failed to break above the trend line resistance and continued its downward movement from 1.7190, and the fall extended to as low as 1.6801. Further decline could be expected and next target would be at 1.6700...

EURUSD Daily Analysis – August 8, 2014

by ForexCycle.com | August 8, 2014 2:15 am
EURUSD stays in a trading range between 1.3333 and 1.3444. As long as 1.3444 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3700, further decline to 1.3200 area...

USDCAD Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 5:00 am
USDCAD’s upward movement from 1.0619 extended to as high as 1.0985. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1050 area. On...

USDCHF Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:58 am
USDCHF remains in uptrend from 0.8855, the price action in the range between 0.9040 and 0.9114 is likely consolidation of the uptrend. Support is at 0.9040, as long as this level holds, further rise could be expected,...

USDJPY Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:58 am
USDJPY’s downward movement from 103.08 extended to as low as 101.78. Further decline is still possible after consolidation, and next target would be at 101.00 area. Resistance is at 102.45, only break above this level could signal...

AUDUSD Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:57 am
AUDUSD remains in downtrend from 0.9470, the rise from 0.9275 could be treated as consolidation of the downtrend. Further decline to test 0.9202 (May 2 low) could be expected after consolidation. Resistance is at 0.9373, only break...

GBPUSD Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:57 am
GBPUSD remains in downtrend from 1.7190, the rise from 1.6809 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...

EURUSD Daily Analysis – August 7, 2014

by ForexCycle.com | August 7, 2014 4:56 am
EURUSD remains in 1.3700, the price action in the range between 1.3333 and 1.3444 is likely consolidation of the downtrend. Resistance is at 1.3444, as long as this level holds, the downtrend could be expected to continue,...