USDCHF Daily Analysis – January 9, 2014

by ForexCycle.com | January 9, 2014 2:45 am
USDCHF remains in uptrend from 0.8799, and the rise extended to as high as 0.9126. Further rise could be expected after a minor consolidation, and next target would be at 0.9200 area. Support is now at 0.9065,...

USDJPY Daily Analysis – January 9, 2014

by ForexCycle.com | January 9, 2014 2:44 am
USDJPY failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 103.91. Further rise to test 105.44 resistance would likely be seen, a break above this level will signal resumption...

AUDUSD Daily Analysis – January 9, 2014

by ForexCycle.com | January 9, 2014 2:43 am
AUDUSD remains in downtrend from 0.9756 (Oct 23, 2013 high), the price action from 0.8820 is likely consolidation of the downtrend. One more rise to 0.9040 area to complete the consolidation is possible in a couple of...

GBPUSD Daily Analysis – January 9, 2014

by ForexCycle.com | January 9, 2014 2:43 am
GBPUSD failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 1.6337. Further rise to test 1.6593 resistance could be expected, a break above this level could signal resumption of...

EURUSD Daily Analysis – January 9, 2014

by ForexCycle.com | January 9, 2014 2:42 am
EURUSD broke below 1.3571 previous low, and continued its downward movement from 1.3892, and the fall extended to as low as 1.3553. Further decline would likely be seen over the next several days, and the target would...

USDCAD Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:46 am
After consolidation, USDCAD broke above 1.0737 resistance, suggesting that the uptrend from 1.0182 (Sept 19, 2013 low) has resumed. Further rise could be expected over the next several days, and next target would be at 1.1000 area....

USDCHF Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:45 am
USDCHF’s upward movement from 0.8799 extends to as high as 0.9101. Further rise could be expected and next target would be at 0.9200 area. Support is now at 0.9015, only break below this level could signal completion...

USDJPY Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:45 am
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low). As long as the channel support holds, the uptrend could be expected to resume, and one more...

USDJPY Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:45 am
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low). As long as the channel support holds, the uptrend could be expected to resume, and one more...

AUDUSD Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:44 am
AUDUSD is in consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), one more rise to 0.9040 area to complete the consolidation would likely be seen. On the downside, as long as 0.9040 resistance holds, the...