USDJPY Daily Analysis – March 19, 2014

by ForexCycle.com | March 19, 2014 3:56 am
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone. Resistance is at 101.95, only break above...

AUDUSD Daily Analysis – March 19, 2014

by ForexCycle.com | March 19, 2014 3:55 am
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed. Further rise could be expected, and next target would be at 0.9250 area. Support is at 0.9060, only break below this...

GBPUSD Daily Analysis – March 19, 2014

by FX Empire | March 19, 2014 3:55 am
GBPUSD continued its downward movement from 1.6822, and the fall extended to as low as 1.6545. Further decline could be expected after consolidation, and the target would be at 1.6450 area. Resistance is at 1.6670, followed by...

EURUSD Daily Analysis – March 19, 2014

by ForexCycle.com | March 19, 2014 3:54 am
EURUSD moved sideways in a trading range between 1.3833 and 1.3966. As long as the trend line support holds, the price action in the range could be treated as consolidation of the uptrend from 1.3477. Further rise...

USDCAD Daily Analysis – March 18, 2014

by ForexCycle.com | March 18, 2014 3:13 am
USDCAD is forming a triangle pattern on 4-hour chart. Deeper decline would likely be seen, and the target would be at the bottom of the triangle pattern. Key support is at 1.0955, as long as this level...

USDCHF Daily Analysis – March 18, 2014

by ForexCycle.com | March 18, 2014 3:12 am
USDCHF remains in downtrend from 0.9081, the rise from 0.8699 is likely consolidation of the downtrend. Key resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the...

USDJPY Daily Analysis – March 18, 2014

by ForexCycle.com | March 18, 2014 3:12 am
Being contained by 101.20 support, USDJPY rebounded to 101.94, suggesting that consolidation of the downtrend from 103.76 is underway. Range trading between 101.20 and 102.50 would likely be seen in a couple of days. As long as...

AUDUSD Daily Analysis – March 18, 2014

by ForexCycle.com | March 18, 2014 3:11 am
AUDUSD is facing 0.9133 resistance, a break above this level will signal resumption of the uptrend from 0.8660 (Jan 24 low), then next target would be at 0.9350 area. Key support is at 0.8924, only break below...

GBPUSD Daily Analysis – March 18, 2014

by ForexCycle.com | March 18, 2014 3:10 am
GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6822. Deeper decline could be expected, and the target would be at 1.6500 area. Resistance is located at the upper line of...

EURUSD Daily Analysis – March 18, 2014

by ForexCycle.com | March 18, 2014 3:09 am
EURUSD remains in uptrend from 1.3477, the fall from 1.3966 could be treated as consolidation of the uptrend. Support is at 1.3845, followed by the upward trend line on 4-hour chart. As long as the trend line...