GBPUSD Daily Analysis – March 25, 2014

by ForexCycle.com | March 25, 2014 2:16 am
GBPUSD remains in downtrend from 1.6785, the rise from 1.6465 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...

EURUSD Daily Analysis – March 25, 2014

by ForexCycle.com | March 25, 2014 2:16 am
EURUSD broke above 1.3845 resistance, indicating that the downtrend from 1.3966 had completed at 1.3749 already. Further rise to test 1.3966 resistance could be expected, a break above this level will signal resumption of the uptrend from...

USDCAD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:30 am
USDCAD remains in uptrend from 1.1025, the fall from 1.1278 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.1400 area. Support is at 1.1150, as long...

USDCHF Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:30 am
USDCHF remains in uptrend from 0.8699, the fall from 0.8869 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 0.8950 area. Support is at 0.8770,...

USDJPY Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:29 am
USDJPY is in downtrend from 103.76. Another fall to re-test 101.20 support would likely be seen, a breakdown below this level will signal resumption of the downtrend, then next target would be at 98.00 area. Resistance is...

AUDUSD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:28 am
AUDUSD is facing 0.9137 resistance, a break above this level will signal resumption of the uptrend from 0.8660 (Jan 24 low), then next target would be at 0.9300 area. Key support is at the lower line of...

GBPUSD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:28 am
GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6785, and the fall extended to as low as 1.6473. Resistance is located at the upper line of the channel, as long...

EURUSD Daily Analysis – March 24, 2014

by ForexCycle.com | March 24, 2014 1:27 am
EURUSD broke below the upward trend line on 4-hour chart, and is now in downtrend from 1.3966. Further decline would likely be seen, and next target would be at 1.3650 area. Resistance is at 1.3845, only break...

USDCAD Daily Analysis – March 21, 2014

by ForexCycle.com | March 21, 2014 3:29 am
USDCAD’s uptrend from 1.1025 extended to as high as 1.1278. Further rise could be expected in a couple of days, and next target would be at 1.1400 area. Support is at 1.1185, as long as this level...

USDCHF Daily Analysis – March 21, 2014

by ForexCycle.com | March 21, 2014 3:28 am
USDCHF is now in uptrend from 0.8699. Further rise would likely be seen in a couple of days, and the target would be at 0.8900 area. Support levels are at 0.8765 and 0.8699, only break below these...