AUDUSD Daily Analysis – May 30, 2014

by ForexCycle.com | May 30, 2014 3:31 am
AUDUSD broke above 0.9277 resistance, indicating that the downward movement from 0.9408 had completed at 0.9208 already. Further rise could be expected, and next target would be at 0.9360 area. Support is at 0.9245, only break below...

GBPUSD Daily Analysis – May 30, 2014

by ForexCycle.com | May 30, 2014 3:30 am
GBPUSD remains in downtrend from 1.6920. Further decline could be expected after a minor consolidation, and next target would be at 1.6600 area. Near term resistance is at 1.6675, as long as this level holds, the downtrend...

EURUSD Daily Analysis – May 30, 2014

by ForexCycle.com | May 30, 2014 3:29 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.3586. Further decline is still possible, and next target would be at 1.3500 area. Resistance is at 1.3668, only break above this level could signal completion of...

USDCAD Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:05 am
USDCAD remains in downtrend from 1.0941, the rise from 1.0835 is likely consolidation of the downtrend. Another fall to test 1.0813 support would likely be seen after consolidation. Resistance is at 1.0941, only break above this level...

USDCHF Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:04 am
USDCHF’s upward movement from 0.8702 extended to as high as 0.8989. Support is now at 0.8937, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9050 area....

USDJPY Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:03 am
USDJPY broke below 101.70 support, indicating that the uptrend from 100.83 had completed at 102.13 already. Range trading between 101.25 and 102.13 would likely be seen over the next several days. Resistance is at 102.13, only break...

AUDUSD Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:02 am
AUDUSD stays in a narrow range between 0.9208 and 0.9277. As long as 0.9277 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9408, further decline to 0.9000 area...

GBPUSD Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:02 am
GBPUSD broke below 1.6731 support, and the fall from 1.6920 extended to as low as 1.6697. Further decline could be expected in a couple of days, and next target would be at 1.6600 area. Near term resistance...

EURUSD Daily Analysis – May 29, 2014

by ForexCycle.com | May 29, 2014 2:01 am
After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.3588. Resistance is now at 1.3668, as long as this level holds, the downtrend could be expected to continue, and...

USDCAD Daily Analysis – May 28, 2014

by ForexCycle.com | May 28, 2014 3:57 am
USDCAD is now in downtrend from 1.0941. Further decline could be expected over the next several days, and next target would be at 1.0700 area. Resistance is at 1.0941, only break above this level could trigger another...