AUDUSD Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:46 am
Being contained by 0.9202 support, AUDUSD rebounded from 0.9208. However, the rise would possibly be consolidation of the downtrend from 0.9408, as long as 0.9300 resistance holds, another fall to re-test 0.9202 support is possible, a breakdown...

GBPUSD Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:45 am
GBPUSD remains in uptrend from 1.6731, further rise could be expected after a minor consolidation, and next target would be at 1.6970 area. Support is now at 1.6830, only break below this level could trigger another fall...

EURUSD Daily Analysis – May 22, 2014

by ForexCycle.com | May 22, 2014 3:45 am
EURUSD broke below 1.3648 support, indicating that the downtrend from 1.3993 has resumed. Further decline would likely be seen, and next target would be at 1.3600 area. Resistance is at 1.3734, only break above this level could...

USDCAD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:26 am
USDCAD is facing 1.0926 resistance, a break above this level will signal resumption of the uptrend from 1.0813, then further rise towards the upper line of the price channel on 4-hour chart could be seen. Support levels...

USDCHF Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:25 am
USDCHF’s upward movement from 0.8702 had completed at 0.8959 already, and the pair is now in downtrend. Another fall could be expected, and next target would be at 0.8830 area. Resistance is at 0.8959, only break above...

USDJPY Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:24 am
USDJPY remains in downtrend from 102.36, the rise from 101.10 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 100.00 area. Resistance is at 101.65,...

AUDUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:24 am
AUDUSD is facing 0.9202 support, a breakdown below this level will indicate that the downtrend from 0.9461 has resumed, then the following downward movement could bring price to 0.8500 area. Resistance is now at 0.9300, only break...

GBPUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:23 am
GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864. The uptrend could be expected to continue, and next target would be at 1.6900 – 1.6950 area. Support levels are at 1.6800 and 1.6731, only break...

EURUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:22 am
EURUSD’s downward movement from 1.3993 had completed at 1.3648 already, and the pair is now in uptrend. Another rise could be expected and next target would be at 1.3850 area. Support is at 1.3648, only break below...

USDCAD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:30 am
USDCAD’s fall from 1.0926 extended to as low as 1.0850. However, the fall is likely correction of the uptrend from 1.0813, as long as 1.0813 support holds, the uptrend could be expected to resume, and one more...