USDCAD Daily Analysis – May 16, 2014

by ForexCycle.com | May 16, 2014 2:29 am
No changed in our view, USDCAD remains uptrend from 1.0813, the fall from 1.0926 could be treated as correction of the uptrend. As long as 1.0813 key support holds, the uptrend could be expected to resume, and...

USDCHF Daily Analysis – May 16, 2014

by ForexCycle.com | May 16, 2014 2:29 am
USDCHF’s upward movement from 0.8702 extended to as high as 0.8959. Further rise is still possible, and next target would be at 0.9000 area. Support is at 0.8880, only break below this level will indicate that consolidation...

USDJPY Daily Analysis – May 16, 2014

by ForexCycle.com | May 16, 2014 2:27 am
USDJPY broke below 101.43 support, indicating that the downtrend from 103.02 has resumed. Further decline could be expected, 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 16, 2014

by ForexCycle.com | May 16, 2014 2:27 am
AUDUSD moved sideways in a range between 0.9318 and 0.9408. As long as 0.9318 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9202, another rise to 0.9500 area...

GBPUSD Daily Analysis – May 16, 2014

by ForexCycle.com | May 16, 2014 2:26 am
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.6996, and the fall extended to as low as 1.6731. Resistance is located at the trend line, as long as the trend...

EURUSD Daily Analysis – May 16, 2014

by ForexCycle.com | May 16, 2014 2:26 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.3648. Further decline is still possible, and next target would be at 1.3600 area. Resistance is at 1.3735, only break above this level will indicate that consolidation...

USDCAD Daily Analysis – May 15, 2014

by ForexCycle.com | May 15, 2014 2:08 am
USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and the target would be at the upper line of the price channel on...

USDCHF Daily Analysis – May 15, 2014

by ForexCycle.com | May 15, 2014 2:04 am
USDCHF remains in uptrend from 0.8702. Further rise is still possible after a minor consolidation, and next target would be at 0.8950 area. Support is at 0.8860, only break below this level will indicate that the uptrend...

USDJPY Daily Analysis – May 15, 2014

by ForexCycle.com | May 15, 2014 2:04 am
USDJPY moved sideways in a range between 101.32 and 103.02. A breakdown below 101.32 support will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. However, as...

AUDUSD Daily Analysis – May 15, 2014

by ForexCycle.com | May 15, 2014 2:03 am
AUDUSD’s upward movement from 0.9202 extended to as high as 0.9408. Key support is at 0.9318, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9500 area....