USDJPY Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:29 am
USDJPY is in downtrend from 103.76. Another fall to re-test 101.20 support would likely be seen, a breakdown below this level will signal resumption of the downtrend, then next target would be at 98.00 area. Resistance is...

AUDUSD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:28 am
AUDUSD is facing 0.9137 resistance, a break above this level will signal resumption of the uptrend from 0.8660 (Jan 24 low), then next target would be at 0.9300 area. Key support is at the lower line of...

GBPUSD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:28 am
GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6785, and the fall extended to as low as 1.6473. Resistance is located at the upper line of the channel, as long...

EURUSD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:27 am
EURUSD broke below the upward trend line on 4-hour chart, and is now in downtrend from 1.3966. Further decline would likely be seen, and next target would be at 1.3650 area. Resistance is at 1.3845, only break...

USDCAD Weekly Analysis – March 22, 2014

by ForexCycle.com | March 22, 2014 2:29 pm
USDCAD broke above 1.1224 previous high and reached as high as 1.1278, indicating that the uptrend from 1.0182 has resumed. Further rise could be expected, and next target would be at 1.1500 area. Key support is located...

USDCHF Weekly Analysis – March 22, 2014

by ForexCycle.com | March 22, 2014 2:28 pm
Being contained by the lower line of the price channel on daily chart, USDCHF rebounded from 0.8699. Further rally would likely be seen, and the target would be at the upper line of the channel. Support levels...

USDJPY Weekly Analysis – March 22, 2014

by ForexCycle.com | March 22, 2014 2:27 pm
USDJPY remains in downtrend from 105.44, the rise from 100.75 is likely consolidation of the downtrend. Another fall to re-test 100.75 support could be expected next week, a breakdown below this level will signal resumption of the...

AUDUSD Weekly Analysis – March 22, 2014

by ForexCycle.com | March 22, 2014 2:27 pm
AUDUSD remains in uptrend from 0.8660, the price action in the trading range between 0.8890 and 0.9137 could be treated as consolidation of the uptrend. Key support is at 0.8890, as long as this level holds, the...

GBPUSD Weekly Analysis – March 22, 2014

by ForexCycle.com | March 22, 2014 2:26 pm
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at...

EURUSD Weekly Analysis – March 22, 2014

by ForexCycle.com | March 22, 2014 2:26 pm
EURUSD broke below the upward trend line on daily chart, indicating that the short term uptrend from 1.3477 had completed at 1.3966 already. Deeper decline is still possible, and the target would be at 1.3550 area. Resistance...