AUDUSD Daily Analysis – July 29, 2014

by ForexCycle.com | July 29, 2014 4:16 am
AUDUSD’s downward movement from 0.9470 extended to as low as 0.9384. Further decline to test 0.9328 support is possible in a couple of days. Resistance is at 0.9435, as long as this level holds, the downtrend from...

GBPUSD Daily Analysis – July 29, 2014

by ForexCycle.com | July 29, 2014 4:15 am
GBPUSD remains in downtrend from 1.7190, the rise from 1.6960 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,...

EURUSD Daily Analysis – July 29, 2014

by ForexCycle.com | July 29, 2014 4:15 am
EURUSD remains in downtrend from 1.3650, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.3300 area. On the upside, a clear break above the...

USDCAD Daily Analysis – July 28, 2014

by ForexCycle.com | July 28, 2014 2:37 am
USDCAD broke above 1.0794 resistance, and the uptrend from 1.0619 extended to as high as 1.0821. Further rise could be expected and next target would be at 1.0900 area. Near term support is at the upward trend...

USDCHF Daily Analysis – July 28, 2014

by ForexCycle.com | July 28, 2014 2:35 am
USDCHF continued its upward movement from 0.8897 and the rise extended to as high as 0.9051. Support is at 0.9000, as long as this level holds, further rise could be expected, and next target would be at...

USDJPY Daily Analysis – July 28, 2014

by ForexCycle.com | July 28, 2014 2:35 am
USDJPY broke above 101.78 resistance and is now in uptrend from 101.06. Further rise would likely be seen after a minor consolidation, and next target would be at 102.50 area. Support is at 101.40, only break below...

AUDUSD Daily Analysis – July 28, 2014

by ForexCycle.com | July 28, 2014 2:34 am
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.9328 had completed at 0.9470 already. Further decline could be expected, and next target would be at 0.9340 area. Resistance is at...

GBPUSD Daily Analysis – July 28, 2014

by ForexCycle.com | July 28, 2014 2:33 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. Resistance is located at the trend line, as long as the trend line resistance holds, the downtrend could be expected to...

EURUSD Daily Analysis – July 28, 2014

by ForexCycle.com | July 28, 2014 2:32 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650, and the fall extended to as low as 1.3421. As long as the trend line resistance holds, the downtrend could be...

USDCAD Daily Analysis – July 25, 2014

by ForexCycle.com | July 25, 2014 3:03 am
USDCAD remains in uptrend from 1.0619, the fall from 1.0794 is likely consolidation of the uptrend. As long as 1.0707 support holds, the uptrend could be expected to resume, and another rise to 1.0850 area is still...