USDCAD Daily Analysis – April 17, 2014

by ForexCycle.com | April 17, 2014 1:36 am
USDCAD continued its upward movement from 1.0857 and the rise extended to as high as 1.1033. Further rise could be expected and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only...

USDCHF Daily Analysis – April 17, 2014

by ForexCycle.com | April 17, 2014 1:35 am
USDCHF’s rise from 0.8743 extended to as high as 0.8827. Range trading between 0.8743 and 0.8850 would likely be seen in a couple of days. Support levels are at 0.8780 and 0.8743, only break below these levels...

USDJPY Daily Analysis – April 17, 2014

by ForexCycle.com | April 17, 2014 1:35 am
USDJPY’s bounce from 101.32 extended to as high as 102.36. Range trading between 101.32 and 102.40 would likely be seen in a couple of days. As long as 102.40 resistance holds, the rise could be treated as...

AUDUSD Daily Analysis – April 17, 2014

by ForexCycle.com | April 17, 2014 1:34 am
Being contained by the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 0.9331, indicating that the pair remains in uptrend from 0.8924, the fall from 0.9461 could be treated as consolidation of the...

GBPUSD Daily Analysis – April 17, 2014

by ForexCycle.com | April 17, 2014 1:33 am
GBPUSD broke above 1.6820 resistance and reached as high as 1.6836, indicating that the uptrend from 1.6465 has resumed. Further rise could be expected, and next target would be at 1.7000 area. Initial support is at the...

EURUSD Daily Analysis – April 17, 2014

by ForexCycle.com | April 17, 2014 1:33 am
EURUSD is in consolidation of the uptrend from 1.3672. Range trading between 1.3785 and 1.3905 is possible over the next several days. Key resistance is at 1.3905, a break above this level will indicate that the uptrend...

USDCAD Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:49 am
USDCAD’s upward movement from 1.0857 extended to as high as 1.1013. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels...

USDCHF Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:49 am
USDCHF broke above 0.8805 resistance, indicating that the downtrend from 0.8952 had completed at 0.8743 already. Range trading between 0.8743 and 0.8850 would likely be seen over the next several days. Key support is at 0.8743, only...

USDJPY Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:48 am
USDJPY failed to break below 101.20 support and rebounded from 101.32. Range treading between 101.32 and 102.40 would likely be seen over the next several days. Resistance is at 102.40, as long as this level holds, the...

AUDUSD Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:48 am
AUDUSD is facing the support of the price channel on 4-hour chart. As long as the channel support holds, the fall from 0.9461 could be treated as consolidation of the uptrend from 0.8924, one more rise to...