EURUSD Daily Analysis – May 12, 2014

by ForexCycle.com | May 12, 2014 2:32 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.3745. Resistance is at 1.3795, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3650 area. On...

USDCAD Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:40 am
USDCAD broke below 1.0857 support and reached as low as 1.0814. Further decline could be expected after a minor consolidation, and next target would be at 1.0700 area. Resistance is at 1.0910, as long as this level...

USDCHF Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:39 am
USDCHF failed to break below 0.8699 (Mar 13 low) support and rebounded from 0.8702, indicating that the downtrend from 0.8861 has completed. Further rise could be expected, and next target would be at 0.8900 area. Support is...

USDJPY Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:39 am
USDJPY is testing 101.32 support, a breakdown below this level will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. Resistance is at 102.00, only break above...

AUDUSD Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:38 am
AUDUSD remains in uptrend from 0.9202, and the rise extended to as high as 0.9394. Further rise could be expected after a minor consolidation, and next target would be at 0.9500 area. Support levels are at 0.9315...

GBPUSD Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:38 am
GBPUSD remains in uptrend from 1.6465 (Mar 24 low), the fall from 1.6996 is likely consolidation of the uptrend. Support is located at the trend line on 4-hour chart. As long as the trend line support holds,...

EURUSD Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:37 am
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.3775 had completed at 1.3993 already. Further decline could be expected, and next target would be at 1.3750 area. Resistance is at...

USDCAD Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:31 am
Being contained by 1.0857 support, USDCAD rebounded from 1.0874. However, the rise is likely consolidation of the downtrend from 1.1053, further decline could be expected after consolidation, and next target would be at 1.0700 area. Resistance is...

USDCHF Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:31 am
USDCHF remains in downtrend from 0.8861, the rise from 0.8720 is likely consolidation of the downtrend. Resistance is at 0.8780, as long as this level holds, the downtrend could be expected to resume, and next target would...

USDJPY Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:30 am
Being contained by 101.32 support, USDJPY rebounded from 101.43. However, another fall to re-test 101.32 support is still possible, a breakdown below this level will signal resumption of the downtrend from 104.12, then the following downward movement...