EURUSD Daily Analysis – July 24, 2014

by ForexCycle.com | July 24, 2014 3:39 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650. Further decline could be expected, and next target would be at 1.3300 area. Only a clear break above the trend line...

USDCAD Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:32 am
USDCAD broke below the bottom of the price channel on 4-hour chart. Next support level is at 1.0707, as long as this level holds, the fall from 1.0794 could be treated as consolidation of the uptrend from...

USDCHF Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:31 am
USDCHF’s upward movement from 0.8897 extended to as high as 0.9029. Further rise could be expected after a minor consolidation, and next target would be at 0.9100 area. Key support is at 0.8968, only break below this...

USDJPY Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:30 am
USDJPY continued its sideways movement in a range between 101.06 and 101.78. The price action in the range is likely consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test 100.75 support is possible...

AUDUSD Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:30 am
AUDUSD is facing 0.9455 resistance, a break above this level will signal resumption of the uptrend from 0.9208, then next target would be at 0.9600 area. However, as long as 0.9455 resistance holds, the bounces from 0.9328...

GBPUSD Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:29 am
GBPUSD remains in downtrend from 1.7190. further decline could be expected, and next target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could trigger another rise to 1.7500...

EURUSD Daily Analysis – July 23, 2014

by ForexCycle.com | July 23, 2014 7:29 am
EURUSD’s downward movement from 1.3650 extended to as low as 1.345. Further decline could be expected after a minor consolidation, and next target would be at 1.3300 area. Near term resistance is located at the trend line...

USDCAD Daily Analysis – July 22, 2014

by ForexCycle.com | July 22, 2014 2:02 am
USDCAD remains in uptrend from 1.0619, the fall from 1.0794 could be treated as consolidation of the uptrend. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is...

USDCHF Daily Analysis – July 22, 2014

by ForexCycle.com | July 22, 2014 2:01 am
USDCHF stays in the upward price channel on 4-hour chart, and remains in uptrend from 0.8855, the fall from 0.9003 could be treated as consolidation of the uptrend. Key support is located at the bottom of the...

USDJPY Daily Analysis – July 22, 2014

by ForexCycle.com | July 22, 2014 2:01 am
USDJPY moved sideways in a trading range between 101.06 and 101.78. As long as 101.78 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 102.79 (Jun 4 high), another fall to test...