USDCAD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:51 am
USDCAD is facing 1.2410 support, a breakdown below this level will signal resumption of the downtrend from 1.2835, then next target would be at 1.2200 area. Resistance is now at 1.2575, only break above this level could...

USDJPY Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:50 am
USDJPY is facing 118.33 support, a breakdown below this level will indicate that the downtrend from 122.02 has resumed, then next target would be at 116.50 area. Key resistance is at 120.36, only break above this level...

AUDUSD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:49 am
AUDUSD is now in downtrend from 0.7938, the rise from 0.7532 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 0.7400 area. Resistance is at 0.7700, as long as...

GBPUSD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:49 am
GBPUSD is in short term uptrend from 1.4739. Further rise could be expected after a minor consolidation, and next target would be at 1.5100 – 1.5150 area. Support is now at 1.4835, only break below this level...

EURUSD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:48 am
EURUSD is facing 1.1052 resistance, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.1150 – 1.1200 area. Support is at 1.0900, only break below this level...

USDCAD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:52 am
USDCAD failed to break above 1.2835 resistance, and stayed in the trading range between 1.2351 and 1.2835. Near term support is at 1.2351, as long as this level holds, the price action in the range could be...

USDJPY Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:51 am
USDJPY continued its sideways movement in the range between 115.56 and 122.02. Support is at 115.56, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

AUDUSD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:50 am
AUDUSD broke below 0.7560 support, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.7000 area. Key resistance is now at 0.7938, only...

GBPUSD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:49 am
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4534 is likely consolidation of the downtrend. Further rise to the top of the price channel to complete the consolidation is possible. As long...

EURUSD Weekly Analysis – April 5, 2015

by ForexCycle.com | April 5, 2015 7:48 am
EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 is likely consolidation of the downtrend. Resistance is located at the top of the channel, as long as the channel resistance holds, the...