GBPUSD Daily Analysis – April 23, 2014

by ForexCycle.com | April 23, 2014 3:37 am
GBPUSD is facing 1.6841 resistance, a break above this level will signal resumption of the uptrend from 1.6465, then the following upward movement could bring price to 1.7000 area. Near term support is now at 1.6770, only...

EURUSD Daily Analysis – April 23, 2014

by ForexCycle.com | April 23, 2014 3:36 am
EURUSD remains in downtrend from 1.3905. Deeper decline is still possible and the target would be at 1.3750 area. Resistance levels are at 1.3835 and 1.3905, only break above these levels could trigger another rise towards 1.4000.

USDCAD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:27 am
USDCAD remains in uptrend from 1.0857. Further rise would likely be seen after a minor consolidation, and next target would be at 1.1100 area. Support is at 1.0960, only break below this level could signal completion of...

USDCHF Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:26 am
USDCHF’s upward movement from 0.8743 extended to as high as 0.8853. Further rise is still possible after a minor consolidation, and the target would be at 0.8900 area. Support is located at the upward trend line on...

USDJPY Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:25 am
USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 101.32. Support is located at the lower line of the channel, as long as the channel support holds the uptrend could be...

AUDUSD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:24 am
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. As long as the channel resistance holds, the downtrend could be expected to continue, and the target would be at 0.9250...

GBPUSD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:24 am
GBPUSD is in consolidation of the uptrend from 1.6465. One more fall to 1.6700 area to complete the consolidation would likely be seen. Key support is at 1.6660, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:22 am
EURUSD’s downward movement from 1.3905 extended to as low as 1.3786. Deeper decline would likely be seen in a couple of days, and the target would be at 1.3750 area. Key resistance is now at 1.3865, only...

USDCAD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:03 am
USDCAD’s upward movement from 1.0857 extended to as high as 1.1033. Further rise could be expected after a minor consolidation and next target would be at 1.1100 area. Support is at 1.0960, only break below this level...

USDCHF Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:02 am
USDCHF remains in uptrend from 0.8743. Further rise is still possible, and next target would be at 0.8900 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend...