USDCAD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:59 am
Being contained by 1.1224 resistance, USDCAD pulled back from 1.1192. Another rise to re-test 1.1224 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.0182 (Sept 19, 2013 low),...

USDCHF Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:58 am
USDCHF stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9081, the rise from 0.8856 could be treated as consolidation of the downtrend. As long as the channel resistance holds, the downtrend...

USDJPY Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:57 am
USDJPY’s upward movement from 100.75 extended to as high as 102.82. Further rise could be expected in a couple of days, and next target would be at 104.00 area. Key support is at 101.35, only break below...

AUDUSD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:56 am
AUDUSD stayed in a trading range between 0.8906 and 0.9080 for several days. The price action in the range is likely consolidation of the uptrend from 0.8660. As long as 0.8906 support holds, the uptrend could be...

GBPUSD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:56 am
GBPUSD’s fall from 1.6822 extended to as low as 1.6613. However, the fall is likely consolidation of the uptrend from 1.6252, another rise towards 1.7000 could be expected after consolidation. Support is now at 1.6530, only break...

EURUSD Daily Analysis – February 24, 2014

by ForexCycle.com | February 24, 2014 1:55 am
EURUSD remains in uptrend from 1.3477, the fall from 1.3773 could be treated as consolidation of the uptrend. Initial support is at the bottom of the price channel on 4-hour chart, and the key support is at...

USDCAD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:03 am
USDCAD’s upward movement from 1.0910 extends to as high as 1.1125. Further rise to test 1.1224 resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 1.0182 (Sept 19,...

USDCHF Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:02 am
USDCHF remains in downtrend from 0.9081, the rise from 0.8856 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds,...

USDJPY Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:02 am
USDJPY remains in uptrend from 100.75, the price action from 102.70 is likely consolidation of the uptrend. Support is at 101.35, as long as this level holds, the uptrend could be expected to resume, and next target...

AUDUSD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:01 am
AUDUSD moves sideways in a trading range between 0.8906 and 0.9080, the price action in the range could be treated as consolidation of the uptrend from 0.8660. As long as 0.8906 support holds, the uptrend could be...