USDCHF Daily Analysis – January 22, 2014

by ForexCycle.com | January 22, 2014 2:39 am
USDCHF remains in uptrend from 0.8986, the fall from 0.9156 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart. As long as the channel...

USDJPY Daily Analysis – January 22, 2014

by ForexCycle.com | January 22, 2014 2:38 am
USDJPY is forming a sideways consolidation in a range between 102.85 and 105.44. As long as 102.85 key support holds, the price action in the range could be treated as consolidation of the uptrend from 96.57 (Oct...

AUDUSD Daily Analysis – January 22, 2014

by ForexCycle.com | January 22, 2014 2:38 am
AUDUSD remains in downtrend from 0.9085, the rise from 0.8756 is likely consolidation of the downtrend. Resistance is at 0.8920, as long as this level holds, the downtrend could be expected to resume, and another fall towards...

GBPUSD Daily Analysis – January 22, 2014

by ForexCycle.com | January 22, 2014 2:37 am
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.6593 had completed at 1.6309 already. Further rise could be expected, and next target would be at 1.6570 area. Support is at...

EURUSD Daily Analysis – January 22, 2014

by ForexCycle.com | January 22, 2014 2:37 am
EURUSD remains in downtrend from 1.3699, the rise from 1.3507 could be treated as consolidation of the downtrend. Resistance is at 1.3580, as long as this level holds, the downtrend could be expected to resume, and another...

USDCAD Daily Analysis – January 20, 2014

by ForexCycle.com | January 20, 2014 2:23 am
USDCAD moved sideways in a narrow range between 1.0905 and 1.0991. Key support is now at 1.0905, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...

USDCHF Daily Analysis – January 20, 2014

by ForexCycle.com | January 20, 2014 2:23 am
USDCHF broke above 0.9126 resistance and reached as high as 0.9132, suggesting that the uptrend from 0.8799 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.9250 area....

USDJPY Daily Analysis – January 20, 2014

by ForexCycle.com | January 20, 2014 2:22 am
USDJPY failed to break above 105.44 resistance and pulled back from 104.92, indicating that lengthier sideways movement in a range between 102.85 and 105.44 is underway. Resistance is now at 104.92, a break above this level could...

AUDUSD Daily Analysis – January 20, 2014

by ForexCycle.com | January 20, 2014 2:21 am
AUDUSD’s downward movement from 0.9085 extended to as low as 0.8756. Resistance is at 0.8850, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.8600 area. Only...

GBPUSD Daily Analysis – January 20, 2014

by ForexCycle.com | January 20, 2014 2:21 am
GBPUSD is facing the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downward movement from 1.6593 had completed at 1.6309 already, then the following upward movement could...