USDJPY Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:23 am
USDJPY remains in uptrend from 101.06, the fall from 103.08 is likely consolidation of the uptrend. Support is at 102.45, as long as this level holds, the uptrend could be expected to resume, and next target would...

AUDUSD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:22 am
AUDUSD’s downward movement from 0.9470 extended to as low as 0.9278. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance is at 0.9325, only break above this level could signal completion...

GBPUSD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:21 am
GBPUSD’s downward movement from 1.7190 extended to as low as 1.6856. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...

EURUSD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:21 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650. As long as the trend line resistance holds, further decline could be expected after a minor consolidation, and next target would...

USDCAD Daily Analysis – July 31, 2014

by ForexCycle.com | July 31, 2014 2:30 am
USDCAD’s upward movement from 1.0619 extended to as high as 1.0916. Further rise could be expected after a minor consolidation, and next target 1.1000 area. Near term support is at 1.0865, as long as this level holds,...

USDCHF Daily Analysis – July 31, 2014

by ForexCycle.com | July 31, 2014 2:28 am
USDCHF continued its upward movement from 0.8897, and the rise extended to as high as 0.9105. Support is now at 0.9050, as long as this level holds, the uptrend could be expected to continue, and next target...

USDJPY Daily Analysis – July 31, 2014

by ForexCycle.com | July 31, 2014 2:28 am
USDJPY bounced strongly to as high as 103.08. Further rise could be expected after a minor consolidation, and next target would be at 103,50 area. Support is at 102.60, as long as this level holds, the uptrend...

AUDUSD Daily Analysis – July 31, 2014

by ForexCycle.com | July 31, 2014 2:27 am
AUDUSD broke below 0.9328 support, and reached as low as 0.9302. Further decline is still possible in a couple of days, and next target would be at 0.9250 area. Resistance is at 0.9345, as long as this...

GBPUSD Daily Analysis – July 31, 2014

by ForexCycle.com | July 31, 2014 2:25 am
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6889. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, further decline...

EURUSD Daily Analysis – July 31, 2014

by ForexCycle.com | July 31, 2014 2:24 am
EURUSD remains in downtrend from 1.3650, the rise from 1.3366 is likely consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend...