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...

GBPUSD Daily Analysis – February 14, 2014

by ForexCycle.com | February 14, 2014 2:57 am
GBPUSD broke above 1.6668 resistance, suggesting that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.6800 area. Support is at...

EURUSD Daily Analysis – February 14, 2014

by ForexCycle.com | February 14, 2014 2:57 am
EURUSD is facing the channel resistance again. A clear break above the upper line of the channel will indicate that the downtrend from 1.3892 (Dec 27, 2013 high) had completed at 1.3477 already, then the following upward...

USDCAD Daily Analysis – February 13, 2014

by ForexCycle.com | February 13, 2014 4:04 am
USDCAD is facing 1.0967 support, a breakdown below this level will signal resumption of the downtrend from 1.1224, then next target would be at 1.0800 area. Resistance is at 1.1100, only break above this level could signal...