USDCHF Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:36 am
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8903. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.9135....

USDJPY Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:36 am
USDJPY remains in downtrend from 104.92, the rise from 100.75 could be treated as consolidation of the downtrend. Resistance is at 102.35, as long as this level holds, the downtrend could be expected to resume, and next...

AUDUSD Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:35 am
AUDUSD broke above 0.8887 resistance, suggesting that he downward movement from 0.9085 had completed at 0.8660 already. Further rally could be expected, and next target would be at 0.9000 area. Key resistance is at 0.9085, as long...

GBPUSD Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:35 am
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6257. Deeper decline would likely be seen, and next target would be at 1.6200 area. Resistance is at 1.6380, only break above this level could signal completion...

EURUSD Daily Analysis – February 5, 2014

by ForexCycle.com | February 5, 2014 4:34 am
No changed in our view, EURUSD remains in downtrend from 1.3739. Another fall could be expected after a minor consolidation, and next target would be at 1.3400 area. Resistance is at 1.3570, only break above this level...

USDCAD Daily Analysis – February 4, 2014

by ForexCycle.com | February 4, 2014 4:19 am
USDCAD is facing 1.1031 key support, a breakdown below this level will indicate that the uptrend from 1.0588 had completed at 1.1224 already, then deeper decline to 1.0800 area could be seen. On the upside, as long...

USDCHF Daily Analysis – February 4, 2014

by ForexCycle.com | February 4, 2014 4:19 am
USDCHF remains in uptrend from 0.8903, the fall from 0.9081 is likely consolidation of the uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the...

USDJPY Daily Analysis – February 4, 2014

by ForexCycle.com | February 4, 2014 4:18 am
USDJPY broke below 101.77 support and continued its downward movement from 104.92, and the fall extended to as low as 100.77. Further decline could be expected and next target would be at 99.00 area. Resistance is at...

AUDUSD Daily Analysis – February 4, 2014

by ForexCycle.com | February 4, 2014 4:17 am
AUDUSD continues its sideways movement in a range between 0.8660 and 0.8887. As long as 0.8887 resistance holds, the downtrend from 0.9085 could be expected to resume, and another fall to 0.8500 area is still possible. Only...

GBPUSD Daily Analysis – February 4, 2014

by ForexCycle.com | February 4, 2014 4:17 am
GBPUSD broke below the lower line of the price channel on 4-hour chart, indicating that the uptrend from 1.5854 (Nov 12, 2013 low) had completed. The pair is now in downtrend from 1.6668, further decline could be...