USDCAD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:25 pm
After breaking above 1.0707 resistance, USDCAD pulled back from 1.0727, suggesting that lengthier consolidation of the uptrend from 1.0182 (Sep 19 low) is needed. Deeper decline could be expected, and the target would be at 1.0580 area....

USDCHF Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:24 pm
USDCHF is in downtrend from 0.9751 (Jul 9 high), the rise from 0.8832 could be treated as consolidation of the downtrend. Further rally could be expected over the next several days, and the target would be at...

USDJPY Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:24 pm
USDJPY remains in uptrend from 96.94 (Oct 25 low). Further rise could be expected over the next several days, and next target would be at 105.00 area. Key support is located at the upward trend line on...

AUDUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:23 pm
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9756 (Oct 23 high). Further decline could be expected after a minor consolidation, and next target would be at 0.8750 area. Initial...

GBPUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:22 pm
After touching 1.6465 resistance, GBPUSD pulled back from 1.6481, suggesting that lengthier sideways consolidation of the uptrend from 1.5854 is underway. Key support is at 1.6219, as long as this level holds, the uptrend could be expected...

EURUSD Daily Analysis – December 20, 2013

by ForexCycle.com | December 19, 2013 11:21 pm
EURUSD broke below the lower line of the price channel on 4-hour chart, suggesting that the uptrend from 1.3296 (Nov 7 low) had completed at 1.3810 already. Deeper decline would likely be seen over the next several...

USDCAD Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:09 am
USDCAD breaks above 1.0707 resistance and reaches as high as 1.0719, suggesting that the uptrend from 1.0182 (Sep 19 low) has resumed. Further rise could be expected over the next several days, and next target would be...

USDCHF Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:06 am
USDCHF broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9249 (Nov 7 high) had completed at 0.8832 already. Further rally is possible over the next several days, and...

USDJPY Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:05 am
USDJPY broke above 103.92 resistance and reached as high as 104.36. Key support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected...

AUDUSD Daily Analysis – December 19, 2013

by ForexCycle.com | December 19, 2013 2:02 am
AUDUSD continues its downward movement from 0.9168, and the fall extends to as low as 0.8820. Initial resistance is at 0.8900, as long as this level holds, the downtrend remains, and next target would be at 0.8750...