USDCAD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:26 am
USDCAD is facing 1.0926 resistance, a break above this level will signal resumption of the uptrend from 1.0813, then further rise towards the upper line of the price channel on 4-hour chart could be seen. Support levels...

USDCHF Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:25 am
USDCHF’s upward movement from 0.8702 had completed at 0.8959 already, and the pair is now in downtrend. Another fall could be expected, and next target would be at 0.8830 area. Resistance is at 0.8959, only break above...

USDJPY Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:24 am
USDJPY remains in downtrend from 102.36, the rise from 101.10 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 100.00 area. Resistance is at 101.65,...

AUDUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:24 am
AUDUSD is facing 0.9202 support, a breakdown below this level will indicate that the downtrend from 0.9461 has resumed, then the following downward movement could bring price to 0.8500 area. Resistance is now at 0.9300, only break...

GBPUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:23 am
GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864. The uptrend could be expected to continue, and next target would be at 1.6900 – 1.6950 area. Support levels are at 1.6800 and 1.6731, only break...

EURUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:22 am
EURUSD’s downward movement from 1.3993 had completed at 1.3648 already, and the pair is now in uptrend. Another rise could be expected and next target would be at 1.3850 area. Support is at 1.3648, only break below...

USD/JPY Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:17 am
The USD/JPY pair fell during the session on Tuesday, as it continues to test the 101.25 region. The real support probably extends all the way down to the handle, so 101 would need to be broken in...

USD/CAD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:16 am
The USD/CAD pair rose during the session here on Tuesday, breaking to the 1.09 level. That level has been resistive lately, so a break above the top of this range for the day on Tuesday would be...

GBP/USD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:15 am
The GBP/USD pair rose during the session on Tuesday, breaking the top of the shooting star for Monday. We are bullish of this market anyway, so it doesn’t surprise us that the buyers step back in. If...

EUR/USD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:09 am
The EUR/USD pair fell during the bulk of the session on Tuesday, dipping below the 1.37 level yet again. However, by the end of the day we did in fact form a bit of a hammer, and...