USDJPY Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:01 am
USDJPY continued its upward movement from 101.32, and the rise extended to as high as 102.70. Support is now located at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...

AUDUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:01 am
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314. Deeper decline is still possible, and the target would be at 0.9250 area. Resistance is located at the upper line of the price channel on 4-hour...

GBPUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:00 am
GBPUSD remains in uptrend from 1.6465, the price action from 1.6820 could be treated as consolidation of the uptrend. Another fall to 1.6700 area to complete the consolidation is possible. Key support is at 1.6660, as long...

EURUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 2:59 am
EURUSD remains in downtrend from 1.3905, the rise from 1.3790 could be treated as consolidation of the downtrend. Further decline would likely be seen, and the target would be at 1.3750 area. Resistance levels are at 1.3865...

USDCAD Daily Analysis – April 18, 2014

by ForexCycle.com | April 18, 2014 3:15 am
USDCAD remains in uptrend from 1.0857. Further rise could be expected after a minor consolidation, and next target would be at 1.1100 area. Support is at 1.0940, only break below this level could signal completion of the...

USDCHF Daily Analysis – April 18, 2014

by ForexCycle.com | April 18, 2014 3:14 am
USDCHF is now in uptrend from 0.8743. Further rise could be expected, and next target would be at 0.8900 area. Support is now at 0.8775, only break below this level will indicate that he uptrend from 0.8743...

USDJPY Daily Analysis – April 18, 2014

by ForexCycle.com | April 18, 2014 3:13 am
USDJPY’s bounce from 101.32 extended to as high as 102.56. However, the bounce is likely consolidation of the downtrend from 104.12. Resistance is now at 102.75, as long as this level holds, the downtrend could be expected...

AUDUSD Daily Analysis – April 18, 2014

by ForexCycle.com | April 18, 2014 3:13 am
AUDUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 0.8924 had completed at 0.9461 already. Range trading between 0.9250 and 0.9461 would likely be seen over the next several...

GBPUSD Daily Analysis – April 18, 2014

by ForexCycle.com | April 18, 2014 3:12 am
After breaking above 1.6820 resistance, GBPUSD pulled back from 1.6841, indicating that lengthier consolidation for the uptrend from 1.6465 is needed. Deeper decline would likely be seen, and the target would be at 1.6700 area. Key support...

EURUSD Daily Analysis – April 18, 2014

by ForexCycle.com | April 18, 2014 3:12 am
EURUSD is now in downtrend from 1.3905, the rise from 1.3790 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.3750 area. Resistance levels are at 1.3865...