USDCHF Daily Analysis – January 16, 2014

by ForexCycle.com | January 16, 2014 3:10 am
USDCHF is facing 0.9126 resistance, a break above this level will signal resumption of the uptrend from 0.8799, then further rise towards 0.9400 could be seen. On the downside, as long as 0.9126 resistance holds, the rise...

USDJPY Daily Analysis – January 16, 2014

by ForexCycle.com | January 16, 2014 3:09 am
USDJPY’s bounce from 102.85 extends to as high as 104.88. Further rise to test 105.44 resistance could be expected, a break above this level will signal resumption of the uptrend from 96.57 (Oct 8, 2013 low), then...

AUDUSD Daily Analysis – January 16, 2014

by ForexCycle.com | January 16, 2014 3:08 am
AUDUSD breaks below 0.8820 support, indicating that the downtrend from 0.9756 (Oct 23, 2013 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Resistance is at...

GBPUSD Daily Analysis – January 16, 2014

by ForexCycle.com | January 16, 2014 3:08 am
GBPUSD broke below 1.6337 support, suggesting that lengthier consolidation of the uptrend from 1.5854 (Nov 12, 2013 low) is underway. Deeper decline would likely be seen, and next target would be at 1.6270 area. Support is now...

EURUSD Daily Analysis – January 16, 2014

by ForexCycle.com | January 16, 2014 3:07 am
EURUSD’s fall from 1.3699 extended to as low as 1.3581. As long as 1.3548 key support holds, the fall could be treated as correction of the uptrend from 1.3548, one more rise to 1.3800 area is still...

USDCAD Daily Analysis – January 15, 2014

by ForexCycle.com | January 15, 2014 4:12 am
After consolidation, USDCAD continues its upward movement from 1.0588, and the rise extends to as high as 1.0977. Further rise could be expected in a couple of days, and next target would be at 1.1100 area. Support...

USDCHF Daily Analysis – January 15, 2014

by ForexCycle.com | January 15, 2014 4:11 am
USDCHF remains in downtrend from 0.9126, the rise from 0.8986 could be treated as consolidation of the downtrend. As long as 0.9126 key resistance holds, the downtrend could be expected to resume, and next target would be...

USDJPY Daily Analysis – January 15, 2014

by ForexCycle.com | January 15, 2014 4:10 am
USDJPY bounced strongly from 102.85, indicating that the pair remains in uptrend from 96.57 (Oct 8, 2013 low), and the price action from 105.44 would possibly be consolidation of the uptrend. Further rise to test 105.44 resistance...

AUDUSD Daily Analysis – January 15, 2014

by ForexCycle.com | January 15, 2014 4:10 am
AUDUSD broke below 0.8940 support, suggesting that the upward movement from 0.8820 had completed at 0.9085 already. Further decline to test 0.8820 support could be expected, a breakdown below this level will signal resumption of the longer...

GBPUSD Daily Analysis – January 15, 2014

by ForexCycle.com | January 15, 2014 4:09 am
GBPUSD failed to break below 1.6337 key support and stayed in the upward price channel on 4-hour chart, suggesting that the pair remains in uptrend from 1.5854 (Nov 12, 2013 low), and the fall from 1.6593 could...