USDCHF Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:02 am
USDCHF remains in uptrend from 0.8743. Further rise is still possible, and next target would be at 0.8900 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend...

USDJPY Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:01 am
USDJPY continued its upward movement from 101.32, and the rise extended to as high as 102.70. Support is now located at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...

AUDUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:01 am
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314. Deeper decline is still possible, and the target would be at 0.9250 area. Resistance is located at the upper line of the price channel on 4-hour...

GBPUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:00 am
GBPUSD remains in uptrend from 1.6465, the price action from 1.6820 could be treated as consolidation of the uptrend. Another fall to 1.6700 area to complete the consolidation is possible. Key support is at 1.6660, as long...

EURUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 2:59 am
EURUSD remains in downtrend from 1.3905, the rise from 1.3790 could be treated as consolidation of the downtrend. Further decline would likely be seen, and the target would be at 1.3750 area. Resistance levels are at 1.3865...

USDCAD Weekly Analysis – April 20, 2014

by ForexCycle.com | April 20, 2014 3:20 am
USDCAD remains in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.0600 area. Resistance levels are at 1.1100 and...

USDCHF Weekly Analysis – April 20, 2014

by ForexCycle.com | April 20, 2014 3:19 am
USDCHF remains in downtrend from 0.9751 (Jul 9, 2013 high), the price action from 0.8699 could be treated as consolidation of the downtrend. Range trading between 0.8699 and 0.8952 would likely be seen over the next several...

USDJPY Weekly Analysis – April 20, 2014

by ForexCycle.com | April 20, 2014 3:19 am
USDJPY is now in downtrend from 105.44, the price action from 100.75 could be treated as consolidation of the downtrend. Key support is at 100.75, a breakdown below this level will indicate that he downtrend has resumed,...

AUDUSD Weekly Analysis – April 20, 2014

by ForexCycle.com | April 20, 2014 3:18 am
AUDUSD remains in uptrend from 0.8660, the fall from 0.9461 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart. As long as the channel support holds, the...

GBPUSD Weekly Analysis – April 20, 2014

by ForexCycle.com | April 20, 2014 3:17 am
GBPUSD broke above 1.6822 resistance, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected, and next target would be at 1.7200 area. Near term support is at the lower...