USDCAD Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:16 am
USDCAD remains in downtrend from 1.1053, the rise from 1.0942 is likely consolidation of the downtrend. Resistance is at 1.1000, as long as this level holds, the downtrend could be expected to resume, and next target would...

USDCHF Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:15 am
USDCHF is forming a sideways consolidation in a range between 0.8743 and 0.8861. The sideways movement could be expected to continue over the next several days. Key support is at 0.8743, a breakdown below this level will...

USDJPY Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:14 am
USDJPY moved sideways in a range between 101.96 and 102.78. As long as 101.96 support holds, the price action from 102.72 could be treated as consolidation of the uptrend from 101.32, another rise to 103.50 area could...

AUDUSD Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:14 am
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461, the rise from 0.9227 would possibly be consolidation of the downtrend. Further decline is still possible after consolidation, and next target...

GBPUSD Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:13 am
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

EURUSD Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:12 am
EURUSD broke above 1.3879 resistance, indicating that the downward movement from 1.3905 had completed at 1.3775 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be...

USDCAD Daily Analysis – May 1, 2014

by ForexCycle.com | May 1, 2014 3:03 am
USDCAD is now in downtrend from 1.1053. Further decline could be expected after a minor consolidation, and next target would be at 1.0900 area. Resistance is at 1.1000, only break above this level could trigger another rise...

USDCHF Daily Analysis – May 1, 2014

by ForexCycle.com | May 1, 2014 3:02 am
USDCHF failed to break above 0.8861 resistance and pulled back to 0.8791. Deeper decline to test 0.8743 key support is possible, a breakdown below this level will trigger another fall towards 0.8300. On the upside, a break...

USDJPY Daily Analysis – May 1, 2014

by ForexCycle.com | May 1, 2014 3:01 am
USDJPY remains in uptrend from 101.32, the price action from 102.72 could be treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 103.50 area. Support is at 101.96, only...

AUDUSD Daily Analysis – May 1, 2014

by ForexCycle.com | May 1, 2014 3:00 am
AUDUSD is facing 0.9316 resistance, a break above this level will indicate that the downtrend from 0.9461 had completed at 0.9227 already, then the following upward movement could bring price to 0.9550 – 0.9600 area. On the...