GBPUSD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:01 am
GBPUSD is facing 1.6620 support, a breakdown below this level will indicate that the uptrend from 1.6252 had completed at 1.6822 already, then deeper decline to 1.6435 area could be seen. On the upside, as long as...

EURUSD Daily Analysis – February 21, 2014

by ForexCycle.com | February 21, 2014 4:00 am
EURUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.3477, the fall from 1.3773 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...

USDCAD Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:43 am
USDCAD bounced strongly from 1.0910, indicating that the downward movement from 1.1224 had completed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.1200 area. Support levels are at 1.1010...

USDCHF Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:43 am
USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8856. Further decline could be expected, and next target would be at 0.8800 area. Resistance levels are at 0.8900 and 0.8930, only...

USDJPY Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:42 am
USDJPY is now in uptrend from 100.75, the price action from 102.70 could be treated as consolidation of the uptrend. Support is at 101.35, as long as this level holds, the uptrend could be expected to resume,...

AUDUSD Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:42 am
AUDUSD broke below the lower line of the price channel on 4-hour chart. However, the price action in the trading range between 0.8906 and 0.9080 is likely consolidation of the uptrend from 0.8660, as long as 0.8906...

GBPUSD Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:41 am
GBPUSD is in consolidation of the uptrend from 1.6252. Range trading between 1.6620 and 1.6822 would likely be seen in a couple of days. Support is at 1.6620, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – February 20, 2014

by ForexCycle.com | February 20, 2014 2:40 am
EURUSD remains in uptrend from 1.3477, the fall from 1.3773 could be treated as consolidation of the uptrend. Key support is now located at the lower line of the price channel on 4-hour chart. As long as...

USDCAD Daily Analysis – February 19, 2014

by ForexCycle.com | February 19, 2014 2:09 am
USDCAD remains in downtrend from 1.1224 and the fall extended to as low as 1.0939. Further decline would likely be seen in a couple of days, and next target would be at 1.0800 area. Resistance is at...

USDCHF Daily Analysis – February 19, 2014

by ForexCycle.com | February 19, 2014 2:08 am
USDCHF’s downward movement from 0.9081 extended to as low as 0.8867. The downtrend could be expected to continue in a couple of days, and next target would be at 0.8800 area. Resistance is at 0.8930, only break...