USDCAD Daily Analysis – February 17, 2014

by ForexCycle.com | February 17, 2014 2:41 am
USDCAD remains in downtrend from 1.1224, and the fall extended to as low as 1.0940. Deeper decline would likely be seen, and next target would be at 1.0800 area. Resistance is at 1.1030, only break above this...

USDCHF Daily Analysis – February 17, 2014

by ForexCycle.com | February 17, 2014 2:40 am
USDCHF continues its downward movement from 0.9081 and the fall extends to as low as 0.8900. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

USDJPY Daily Analysis – February 17, 2014

by ForexCycle.com | February 17, 2014 2:39 am
USDJPY failed to break above the upper line of the price channel on 4-hour chart. Now the fall from 102.70 would possibly be resumption of the downtrend from 105.44. Deeper decline to test 100.75 support would likely...

AUDUSD Daily Analysis – February 17, 2014

by ForexCycle.com | February 17, 2014 2:38 am
AUDUSD breaks above 0.9067 resistance, suggesting that the uptrend from 0.8660 has resumed. Further rise could be expected and next target would be at 0.9200 area. Initial support is at the bottom of the price channel on...

GBPUSD Daily Analysis – February 17, 2014

by ForexCycle.com | February 17, 2014 2:38 am
GBPUSD broke above 1.6668 resistance and the upward movement from 1.6252 extends to as high as 1.6822. Support is now at 1.6670, as long as this level holds, the uptrend could be expected to continue, and next...

EURUSD Daily Analysis – February 17, 2014

by ForexCycle.com | February 17, 2014 2:37 am
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3477. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDCAD Daily Analysis – February 14, 2014

by ForexCycle.com | February 14, 2014 3:00 am
USDCAD broke below 1.0967 support, suggesting that the downtrend from 1.1224 has resumed. Further decline could be expected, and next target would be at 1.0800 area. Resistance is at 1.1100, only break above this level could signal...

USDCHF Daily Analysis – February 14, 2014

by ForexCycle.com | February 14, 2014 3:00 am
USDCHF broke below 0.8940 support and continued its downward movement from 0.9081. Further decline could be expected, and next target would be at 0.8850 area. Resistance is at the downward trend line on 4-hour chart, as long...

USDJPY Daily Analysis – February 14, 2014

by ForexCycle.com | February 14, 2014 2:59 am
USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 105.44, the rise from 100.75 could be treated as consolidation of the downtrend. As long as the channel resistance holds, the downtrend...

AUDUSD Daily Analysis – February 14, 2014

by ForexCycle.com | February 14, 2014 2:58 am
AUDUSD stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8660. Further rise to test 0.9085 resistance would likely be seen, a break above this level will indicate that the downtrend from...