USDJPY Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:27 am
USDJPY remains in uptrend from 101.63, the fall from 105.41 could be treated as consolidation of the uptrend. Initial support is located at the lower line of the price channel on 4-hour chart, as long as the...

AUDUSD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:26 am
AUDUSD failed to break below 0.8820 support, and stayed in a trading range between 0.8820 and 0.8957. Key resistance is at 0.8957, as long as this level holds, the price action in the range could be treated...

GBPUSD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:25 am
GBPUSD remains in uptrend from 1.6219, the fall from 1.6577 could be treated as consolidation of the uptrend. Support is at 1.6430, as long as this level holds, the uptrend could be expected to resume, and next...

EURUSD Daily Analysis – December 31, 2013

by ForexCycle.com | December 31, 2013 3:24 am
EURUSD remains in uptrend from 1.3296 (Nov 7 low), the price action from 1.3810 could be treated as consolidation of the uptrend. Another fall to the lower line of the price channel on 4-hour chart to complete...

USDCAD Daily Analysis – December 30, 2013

by FX Empire | December 30, 2013 4:50 am
USDCAD is facing 1.0737 resistance, a break above this level will signal resumption of the uptrend from 1.0182 (Sept 19 low), then next target would be at 1.0900 area. Key support is located at the lower line...

USDCHF Daily Analysis – December 30, 2013

by FX Empire | December 30, 2013 4:49 am
After breaking below 0.8832 support, USDCHF bounced strongly from 0.8799, suggesting that lengthier consolidation of the downtrend from 0.9249 (Nov 7 high) is underway. Further rally would likely be seen, the target would be at upper line...

USDJPY Daily Analysis – December 30, 2013

by FX Empire | December 30, 2013 4:49 am
USDJPY’s upward movement from 96.94 (Oct 25 low) extended to as high as 105.41. Further rise could be expected after a minor consolidation and next target would be at 106.00 area. Initial support is at 104.60, and...

AUDUSD Daily Analysis – December 30, 2013

by FX Empire | December 30, 2013 4:48 am
AUDUSD is facing 0.8820 previous low support, a breakdown below this level will signal resumption of the downtrend from 0.9756 (Oct 23 high), then next target would be at 0.8500 area. Key resistance is located at the...

GBPUSD Daily Analysis – December 30, 2013

by FX Empire | December 30, 2013 4:47 am
GBPUSD broke above 1.6481 resistance and reached as high as 1.6577 last Friday, suggesting that the uptrend form 1.5854 (Nov 12 low) has resumed. Further rise could be expected, and next target would be at 1.6700 area....

EURUSD Daily Analysis – December 30, 2013

by FX Empire | December 30, 2013 4:46 am
After breaking above .3810 resistance, EURUSD pulled back from 1.3892, suggesting that lengthier consolidation of the uptrend from 1.3296 (Nov 7 low) is underway. Deeper decline to the lower line of the price channel on 4-hour chart...