AUDUSD Daily Analysis – January 28, 2014

by ForexCycle.com | January 28, 2014 3:34 am
AUDUSD remains in downtrend from 0.9085, the rise from 0.8660 could be treated as consolidation of the downtrend. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance...

GBPUSD Daily Analysis – January 28, 2014

by ForexCycle.com | January 28, 2014 3:33 am
GBPUSD remains in downtrend from 1.6668, the rise from 1.6474 is treated as consolidation of the downtrend. Another fall to the bottom of the price channel on 4-hour chart is possible. However, the downtrend from 1.6668 would...

EURUSD Daily Analysis – January 28, 2014

by ForexCycle.com | January 28, 2014 3:32 am
EURUSD remains in uptrend from 1.3507, the fall from 1.3739 is likely consolidation of the uptrend. Support levels are at 1.3650 and 1.3595, as long as these levels hold, the uptrend could be expected to resume, and...

USDCAD Daily Analysis – January 27, 2014

by ForexCycle.com | January 27, 2014 1:40 am
USDCAD remains in uptrend from 1.0588, the fall from 1.1173 could be treated as consolidation of the uptrend. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support...

USDCHF Daily Analysis – January 27, 2014

by ForexCycle.com | January 27, 2014 1:39 am
USDCHF’s downward movement from 0.9156 extended to as low as 0.8903. Further decline would likely be seen after a minor consolidation, and next target would be at 0.8850 area. Resistance is at 0.8990, only break above this...

USDJPY Daily Analysis – January 27, 2014

by ForexCycle.com | January 27, 2014 1:39 am
USDJPY’s downward movement from 104.84 extended to as low as 101.77. Further decline could be expected after a minor consolidation, and next target would be at 100.50 area. Resistance is at 103.00, as long as this level...

AUDUSD Daily Analysis – January 27, 2014

by ForexCycle.com | January 27, 2014 1:38 am
AUDUSD’s downward movement from 0.9085 extended to as low as 0.8660. Resistance is located at the downward trend line on 4-hour chart, as long as this trend line resistance holds, the downtrend could be expected to continue,...

GBPUSD Daily Analysis – January 27, 2014

by ForexCycle.com | January 27, 2014 1:38 am
Being contained by the upper line of the price channel on 4-hour chart, GBPUSD pulled back to 1.6474, suggesting that the upward movement from 1.6309 had completed at 1.6668 already, and consolidation of the longer term uptrend...

EURUSD Daily Analysis – January 27, 2014

by ForexCycle.com | January 27, 2014 1:37 am
EURUSD broke above 1.3699 resistance, indicating that the downward movement from 1.3892 had completed at 1.3507 already. Now the pair is in uptrend from 1.3507, further rise could be expected, and next target would be at 1.3800...

USDCAD Daily Analysis – January 24, 2014

by ForexCycle.com | January 24, 2014 4:14 am
USDCAD remains in uptrend from 1.0588. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.1250 area. Only a clear break below the trend line...