AUDUSD Daily Analysis – July 4, 2014

by ForexCycle.com | July 4, 2014 12:57 am
AUDUSD’s downward movement from 0.9504 extended to as low as 0.9328. Further decline is still possible, and next target would be at 0.9250 area. Resistance is at 0.9420, only break above this level could signal completion of...

GBPUSD Daily Analysis – July 4, 2014

by ForexCycle.com | July 4, 2014 12:56 am
GBPUSD remains in uptrend from 1.6692, the fall from 1.7176 is likely consolidation of the uptrend. Key support is now located at the lower line of the price channel on 4-hour chart. As long as the channel...

EURUSD Daily Analysis – July 4, 2014

by ForexCycle.com | July 4, 2014 12:52 am
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.3512 had completed at 1.3700 already. The pair is now in downtrend, further decline could be expected, and next target would be...

USDCAD Daily Analysis – July 3, 2014

by ForexCycle.com | July 3, 2014 3:22 am
USDCAD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.0960 is underway. Range trading between 1.0626 and 1.0710 is possible in a couple of days. Resistance is at 1.0710,...

USDCHF Daily Analysis – July 3, 2014

by ForexCycle.com | July 3, 2014 3:20 am
USDCHF remains in downtrend from 0.9012, the rise from 0.8855 is likely consolidation of the downtrend. Resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could...

USDJPY Daily Analysis – July 3, 2014

by ForexCycle.com | July 3, 2014 3:20 am
USDJPY broke above 101.85 resistance, indicating that the downtrend from 102.79 had completed at 101.23 already. Further rise could be expected, and next target would be at 102.50 area. Support is at 101.23, only break below this...

AUDUSD Daily Analysis – July 3, 2014

by ForexCycle.com | July 3, 2014 3:19 am
AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.9208 had completed at 0.9504 already. Further decline could be expected, and next target would be at 0.9250 area. Resistance levels are...

GBPUSD Daily Analysis – July 3, 2014

by ForexCycle.com | July 3, 2014 3:19 am
GBPUSD remains in uptrend from 1.6692, and the rise extended to as high as 1.7176. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the...

EURUSD Daily Analysis – July 3, 2014

by ForexCycle.com | July 3, 2014 3:18 am
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3512, the fall from 1.3700 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...

USDCAD Daily Analysis – July 2, 2014

by ForexCycle.com | July 2, 2014 3:03 am
USDCAD remains in downtrend from 1.0960, and the fall extended to as low as 1.0628. Near term resistance is located at the falling trend line on 4-hour chart. As long as the trend line resistance holds, the...