USDJPY Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:29 am
USDJPY’s downward movement from 102.36 extended to as low as 101.10. Further decline would likely be seen over the next several days, and next target would be at 100.00 area. Resistance is at 101.65, only break above...

AUDUSD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:28 am
AUDUSD broke below 0.9318 support, indicating that the uptrend from 0.9202 had completed at 0.9408 already. Deeper decline could be expected and next target would be at 0.9250 area. Resistance levels are at 0.9375 and 0.9408, only...

GBPUSD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:25 am
GBPUSD is now in uptrend from 1.6731. Further rise would likely be seen over the next several days, and the target would be at 1.6900 – 1.6950 area. Support is at 1.6731, only break below this level...

EURUSD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:22 am
EURUSD is in consolidation of the downtrend from 1.3993, further rise to 1.3820 area to complete the consolidation would likely be seen over the next several days. Support is at 1.3648, only break below this level could...

USDCAD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:20 am
USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at the top of the price channel on 4-hour...

USDCHF Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:19 am
USDCHF remains in uptrend from 0.8702, the fall from 0.8959 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 0.9000 area. Support is at 0.8880,...

USDJPY Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:18 am
USDJPY is now in downtrend from 102.36. Further decline would likely be seen in a couple of days, and next target would be at 100.00 area. Resistance is at 101.85, only break above this level could trigger...

AUDUSD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:17 am
AUDUSD continued its sideways movement in a range between 0.9318 and 0.9408. Key support is at 0.9318, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...

GBPUSD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:17 am
GBPUSD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.6996 had completed at 1.6731 already. Further rise could be expected and next target would be at 1.6900 area. Support is at...

EURUSD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:16 am
EURUSD remains in downtrend from 1.3993, the rise from 1.3648 could be treated as consolidation of the downtrend. Resistance is now at 1.3735, as long as this level holds, the downtrend could be expected to continue, and...