USDJPY Daily Analysis – March 28, 2014

by ForexCycle.com | March 28, 2014 12:51 am
USDJPY is now in downtrend from 102.68. Deeper decline to test 101.20 support would likely be seen, a breakdown below this level will confirm that the longer term downtrend from 103.76 has resumed, then the following downward...

AUDUSD Daily Analysis – March 28, 2014

by ForexCycle.com | March 28, 2014 12:51 am
AUDUSD’s upward movement from 0.8995 extended to as high as 0.9292. Support is now at 0.9200, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.9350 area....

GBPUSD Daily Analysis – March 28, 2014

by ForexCycle.com | March 28, 2014 12:50 am
GBPUSD’s upward movement from 1.6465 extended to as high as 1.6646. Further rise could be expected in a couple of days, and next target would be at 1.6700 area. Support is at 1.6540, as long as this...

EURUSD Daily Analysis – March 28, 2014

by ForexCycle.com | March 28, 2014 12:49 am
EURUSD broke below 1.3749 support, indicating that the downtrend from 1.3966 has resumed. Further decline could be expected in a couple of days, and next target would be at 1.3600 area. Resistance is now at 1.3820, only...

USDCAD Daily Analysis – March 27, 2014

by ForexCycle.com | March 27, 2014 3:39 am
USDCAD broke below 1.1150 support and reached as low as 1.1080, indicating the uptrend from 1.1025 had completed. Deeper decline could be expected and next target would be at 1.1000 area. Resistance is at 1.1150, as long...

USDCHF Daily Analysis – March 27, 2014

by ForexCycle.com | March 27, 2014 3:39 am
USDCHF remains in uptrend from 0.8699. As long as 0.8787 key support holds, the uptrend could be expected to continue, and next target would be at 0.8950 area. Only break below 0.8787 support could signal completion of...

USDJPY Daily Analysis – March 27, 2014

by ForexCycle.com | March 27, 2014 3:38 am
USDJPY broke below 102.01 support, suggesting that the uptrend from 101.20 had completed at 102.68 already. Deeper decline to test 101.20 support could be expected, a breakdown below this level will signal resumption of the longer term...

AUDUSD Daily Analysis – March 27, 2014

by ForexCycle.com | March 27, 2014 3:37 am
AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9244. Further rise could be expected after a minor consolidation, and next target would be at 0.9300 area. Support is now at...

GBPUSD Daily Analysis – March 27, 2014

by ForexCycle.com | March 27, 2014 3:36 am
GBPUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.6785 had completed at 1.6465 already. Further rally could be expected over the next several days, and next target...

EURUSD Daily Analysis – March 27, 2014

by ForexCycle.com | March 27, 2014 3:35 am
EURUSD stays in a trading range between 1.3749 and 1.3875. Resistance is at 1.3875, a break above this level will confirm that the downtrend from 1.3966 had completed at 1.3749 already, then the following upward movement could...