EURUSD Daily Analysis – February 4, 2014

by ForexCycle.com | February 4, 2014 4:16 am
EURUSD remains in downtrend from 1.3739, the rise from 1.3477 could be treated as consolidation of the downtrend. Resistance is at 1.3570, as long as this level holds, the downtrend could be expected to continue, and next...

USDCAD Daily Analysis – February 3, 2014

by ForexCycle.com | February 3, 2014 12:58 am
USDCAD’s upward movement from 1.0588 extended to as high as 1.1224. Initial support is at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected...

USDCHF Daily Analysis – February 3, 2014

by ForexCycle.com | February 3, 2014 12:58 am
USDCHF’s upward movement from 0.8903 extended to as high as 0.9079. Further rise is still possible, and next target would be at 0.9135 area. Support is at 0.9000, only break below this level could trigger another fall...

USDJPY Daily Analysis – February 3, 2014

by ForexCycle.com | February 3, 2014 12:57 am
USDJPY continues its sideways movement in a range between 101.77 and 103.44. Key resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend from...

AUDUSD Daily Analysis – February 3, 2014

by ForexCycle.com | February 3, 2014 12:57 am
AUDUSD moved sideways in a range between 0.8660 and 0.8887. Key resistance is at 0.8887, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9085,...

GBPUSD Daily Analysis – February 3, 2014

by ForexCycle.com | February 3, 2014 12:56 am
GBPUSD’s downward movement extended to as low as 1.6420. Deeper decline would likely be seen, and the target would be at the bottom of the price channel on 4-hour chart. Resistance is at 1.6520, only break above...

EURUSD Daily Analysis – February 3, 2014

by ForexCycle.com | February 3, 2014 12:56 am
EURUSD broke below 1.3507 support and reached as low as 1.3479, indicating that the downtrend from 1.3892 has resumed. Deeper decline could be expected in a couple of days, and next target would be at 1.3400 area....

USDCAD Daily Analysis – January 31, 2014

by ForexCycle.com | January 31, 2014 5:13 am
USDCAD’s upward movement from 1.0588 extended to as high as 1.1198. Key support is now at 1.1031, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1300...

USDCHF Daily Analysis – January 31, 2014

by ForexCycle.com | January 31, 2014 5:12 am
USDCHF broke above 0.9030 resistance, suggesting that the downtrend from 0.9156 had completed at 0.8903 already. Further rise could be expected, and next target would be at 0.9100 area. Support is at 0.8970, only break below this...

USDJPY Daily Analysis – January 31, 2014

by ForexCycle.com | January 31, 2014 5:11 am
USDJPY moved sideways in a range between 101.77 and 103.44. Key resistance is located at upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the price action in the range...