EURUSD Daily Analysis – March 20, 2014

by ForexCycle.com | March 20, 2014 2:37 am
EURUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will signal completion of the uptrend from 1.3477, then the following downward movement could bring price...

USDCAD Daily Analysis – March 19, 2014

by ForexCycle.com | March 19, 2014 3:58 am
USDCAD is facing 1.1153 resistance, a break above this level will indicate that the sideways consolidation started from 1.1224 (Jan 31 high) is complete, then the following upward movement could bring price to 1.1500 area. Support is...

USDCHF Daily Analysis – March 19, 2014

by ForexCycle.com | March 19, 2014 3:57 am
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9081, the rise from 0.8699 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next...

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...