EURUSD Daily Analysis – May 27, 2014

by ForexCycle.com | May 27, 2014 1:58 am
EURUSD remains in downtrend from 1.3993, the rise from 1.3613 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart. As long as the channel resistance...

USDCAD Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:36 am
USDCAD remains in uptrend from 1.0813, the price action from 1.0926 could be treated as consolidation of the uptrend. Near term support is at 1.0850, as long as this level holds, the uptrend could be expected to...

USDCHF Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:35 am
USDCHF’s upward movement from 0.8702 extended to as high as 0.8971. Further rise could be expected, and next target would be at 0.9000 area. Near term support is at 0.8920, only break below this level could bring...

USDJPY Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:35 am
USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 103.02 had completed at 100.83 already. Further rise could be expected, and next target would be at 102.80 area....

AUDUSD Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:34 am
AUDUSD is facing 0.9202 support, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement could bring price to 0.8900 area. Resistance is at 0.9273, only...

GBPUSD Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:34 am
GBPUSD broke below 1.6830 support, indicating that the uptrend from 1.6731 had completed at 1.6920 already. Resistance is now at 1.6875, as long as this level holds, the fall from 1.6920 could be expected to continue, and...

EURUSD Daily Analysis – May 26, 2014

by ForexCycle.com | May 26, 2014 2:33 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.3613. Further decline is still possible, and next target would be at 1.3500 area. Near term resistance is at 1.3660, only break above this level could bring...

USDCAD Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:49 am
USDCAD broke above 1.0926 resistance, indicating that the uptrend from 1.0813 has resumed. Further rise could be expected, and the target would be at the upper line of the price channel on 4-hour chart. Support is at...

USDCHF Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:47 am
USDCHF broke above 0.8959 resistance, indicating that the uptrend from 0.8702 has resumed. Further rise could be expected, and the target would be at 0.9000 area. Support is at 0.8882, only break below this level could signal...

USDJPY Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:47 am
Being contained by 100.75 (Feb 4 low) support, USDJPY rebounded from 100.83. Resistance is now at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the rise from 100.83...