GBPUSD Daily Analysis – March 31, 2014

by ForexCycle.com | March 31, 2014 3:18 am
GBPUSD continued its upward movement from 1.6465, and the rise extended to as high as 1.6656. Further rise could be expected, and next target would be at 1.6750 area. Support is at 1.6580, only break below this...

EURUSD Daily Analysis – March 31, 2014

by ForexCycle.com | March 31, 2014 3:17 am
EURUSD’s downward movement from 1.3966 extended to as low as 1.3705. Resistance is now located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to...

USDCAD Daily Analysis – March 28, 2014

by ForexCycle.com | March 28, 2014 12:52 am
USDCAD’s downward movement from 1.1278 extended to as low as 1.1013. Further decline could be expected after a minor consolidation, and the target would be at 1.0950 area. Resistance is at 1.1100, only break above this level...

USDCHF Daily Analysis – March 28, 2014

by ForexCycle.com | March 28, 2014 12:52 am
USDCHF remains in uptrend from 0.8699, the price action in the range between 0.8787 and 0.8878 is likely consolidation of the uptrend. Key support is at 0.8787, as long as this level holds, the uptrend could be...

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...