USDJPY Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:15 am
USDJPY is in consolidation of the uptrend from 96.94 (Oct 25 low), another fall to the lower line of the price channel on 4-hour chart to complete the consolidation would likely be seen. Resistance is at 104.63,...

AUDUSD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:15 am
AUDUSD’s bounce from 08820 extended to as high as 0.8957. Another rise to test the resistance of the upper line of the price channel on 4-hour chart would likely be seen. As long as the channel resistance...

GBPUSD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:14 am
GBPUSD stays in a trading range between 1.6219 and 1.6481. The price action in the range is likely consolidation of the uptrend from 1.5854. Key support is at 1.6219, as long as this level holds, the uptrend...

EURUSD Daily Analysis – December 24, 2013

by ForexCycle.com | December 24, 2013 4:13 am
EURUSD broke below the lower line of the price channel on 4-hour chart, and is now in downtrend from 1.3810, the rise from 1.3625 is likely consolidation of the downtrend. Initial resistance is at 1.3740, as long...

USDCAD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:40 am
USDCAD remains in uptrend from 1.0182 (Sep 19 low), the price action from 1.0707 could be treated as consolidation of the uptrend. Deeper decline would likely be seen in a couple of days, and the target would...

USDCHF Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:39 am
USDCHF is now in uptrend from 0.8832, the fall from 0.9000 is treated as consolidation of the uptrend. Further rise could be expected and the target would be at 0.9050 area. Key support is at 0.8832, only...

USDJPY Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:38 am
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25 low), the fall from 104.63 is likely consolidation of the uptrend. Key support is located at the lower line...

AUDUSD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:38 am
AUDUSD remains in downtrend from 0.9756 (Oct 23 high), the rise from 0.8820 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...

GBPUSD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:37 am
GBPUSD moved sideways in a range between 1.6219 and 1.6481 for several days. As long as 1.6219 key support holds, the price action in the range could be treated as consolidation of the uptrend from 1.5854, another...

EURUSD Daily Analysis – December 23, 2013

by ForexCycle.com | December 23, 2013 2:36 am
EURUSD is now in downtrend from 1.3810, the rise from 1.3625 is treated as consolidation of the downtrend. Further decline would likely be seen over the next several days, and next target would be at 1.3550 area....