GBPUSD Daily Analysis – August 5, 2014

by ForexCycle.com | August 5, 2014 2:59 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6809 could be treated as consolidation of the downtrend. Resistance is at the trend line, as long as...

EURUSD Daily Analysis – August 5, 2014

by ForexCycle.com | August 5, 2014 2:58 am
EURUSD remains in downtrend from 1.3700, the rise from 1.3366 could be treated as consolidation of the downtrend. Range trading between 1.3366 and 1.3470 is possible in a couple of days. Resistance is at 1.3470, as long...

USDCAD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:12 am
USDCAD’s upward movement from 1.0709 extended to as high as 1.0943. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0875, only break below this level...

USDCHF Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:12 am
USDCHF broke below the lower line of the price channel on 4-hour chart, indicating that consolidation of the uptrend from 0.8855 is underway. Range trading between 0.9000 and 0.9105 would likely be seen in a couple of...

USDJPY Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:11 am
USDJPY remains in uptrend from 101.06, the fall from 103.08 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the...

AUDUSD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:11 am
AUDUSD remains in downtrend from 0.9470, the rise from 0.9275 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 0.9250 area. Resistance is at 0.9340, only break above this...

GBPUSD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:10 am
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6809. Further decline could be expected after a minor consolidation, and next target would be at 1.6500 area. Only a clear break...

EURUSD Daily Analysis – August 4, 2014

by ForexCycle.com | August 4, 2014 3:09 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway. Range trading between 1.3366 and 1.3470 would likely be seen in a couple of days. Resistance is...

USDCAD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:24 am
USDCAD remains in uptrend from 1.0709, the fall from 1.0929 is likely consolidation of the uptrend. Support is at 1.0865, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDCHF Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:23 am
USDCHF stays in the rising price channel on 4-hour chart, and remains in uptrend from 0.8897, the fall from 0.9105 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...