USDCAD Daily Analysis – April 9, 2014

by ForexCycle.com | April 9, 2014 3:02 am
USDCAD is facing 1.0910 support, a breakdown below this level will indicate that the uptrend from 1.0812 (Sept 19, 2013 low) had completed, then the following downward movement could bring price to 1.0000. Resistance is at 1.1025,...

USDCHF Daily Analysis – April 9, 2014

by ForexCycle.com | April 9, 2014 3:01 am
USDCHF broke below the upward trend line on 4-hour chart, suggesting that the uptrend from 0.8699 had completed at 0.8952 already. Further decline could be expected after a minor consolidation, and next target would b eat 0.8750...

USDJPY Daily Analysis – April 9, 2014

by ForexCycle.com | April 9, 2014 3:00 am
USDJPY is now in downtrend from 104.12. Deeper decline could be expected after a minor consolidation, and next target would be at 100.50 area. Resistance is at 102.30, as long as this level holds, the downtrend will...

AUDUSD Daily Analysis – April 9, 2014

by ForexCycle.com | April 9, 2014 3:00 am
AUDUSD’s upward movement from 0.8924 extended to as high as 0.9385. Support is located at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected...

GBPUSD Daily Analysis – April 9, 2014

by ForexCycle.com | April 9, 2014 2:59 am
GBPUSD’s upward movement from 1.6465 extended to as high as 1.6754. Support is now at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...

EURUSD Daily Analysis – April 9, 2014

by ForexCycle.com | April 9, 2014 2:59 am
EURUSD broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 1.3966 had completed at 1.3672 already. Further rally would likely be seen, and next target would be at 1.3900...

USDCAD Daily Analysis – April 8, 2014

by ForexCycle.com | April 8, 2014 4:14 am
USDCAD remains in downtrend from 1.1278. Deeper decline to test 1.0910 (Feb 19 low) support would likely be seen. Key resistance is at 1.1077, only break above this level could indicate that the downtrend from 1.1278 is...

USDCHF Daily Analysis – April 8, 2014

by ForexCycle.com | April 8, 2014 4:13 am
USDCHF remains in uptrend from 0.8699, the fall from 0.8952 is treated as consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend...

USDJPY Daily Analysis – April 8, 2014

by ForexCycle.com | April 8, 2014 4:13 am
USDJPY is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall from 104.12 could be treated as consolidation of the uptrend from 101.20,...

AUDUSD Daily Analysis – April 8, 2014

by ForexCycle.com | April 8, 2014 4:12 am
After touching 0.9303 resistance, AUDUSD pulled back from 0.9306, suggesting that lengthier sideways movement is underway. Initial support is at the lower line of the price channel on 4-hour chart, and the key support is at 0.9205,...