GBPUSD Daily Analysis – March 11, 2014

by ForexCycle.com | March 11, 2014 3:00 am
GBPUSD broke below the upward trend line on 4-hour chart, suggesting that the upward movement from 1.6582 had completed at 1.6785 already. Deeper decline could be expected in a couple of days, and the target would be...

EURUSD Daily Analysis – March 11, 2014

by ForexCycle.com | March 11, 2014 2:59 am
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.3477. The uptrend could be expected to continue after a minor consolidation, and next target would be at 1.4000 area. Initial support...

USDCAD Daily Analysis – March 10, 2014

by ForexCycle.com | March 10, 2014 3:32 am
USDCAD is testing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.1192 could be expected to resume, and one more fall to 1.0900 area...

USDCHF Daily Analysis – March 10, 2014

by ForexCycle.com | March 10, 2014 3:31 am
USDCHF continued its downward movement from 0.9081, and the fall extended to as low as 0.8756. Further decline could be expected, and next target would be at 0.8700 area. Key resistance is at the downward trend line...

USDJPY Daily Analysis – March 10, 2014

by ForexCycle.com | March 10, 2014 3:31 am
USDJPY remains in uptrend from 101.20, the fall from 103.76 could be treated as consolidation of the uptrend. Range trading between 102.60 and 103.76 would likely be seen. Support is at 102.60, as long as this level...

AUDUSD Daily Analysis – March 10, 2014

by ForexCycle.com | March 10, 2014 3:30 am
AUDUSD remains in uptrend from 0.8890, the fall from 0.9133 could be treated as consolidation of the uptrend. Another rise could be expected, and next target would be at 0.9250 area. Support is at 0.9000, only break...

GBPUSD Daily Analysis – March 10, 2014

by ForexCycle.com | March 10, 2014 3:29 am
GBPUSD’s upward movement from 1.6582 extended to as high as 1.6785. Further rise to test 1.6822 resistance is possible, a break above this level will signal resumption of the uptrend from 1.6252, then next target would be...

EURUSD Daily Analysis – March 10, 2014

by ForexCycle.com | March 10, 2014 3:29 am
EURUSD’s upward movement from 1.3477 extended to as high as 1.3914. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...

USDCAD Daily Analysis – March 7, 2014

by ForexCycle.com | March 7, 2014 4:06 am
USDCAD’s downward movement from 1.1192 extended to as low as 1.0955. Deeper decline is still possible, and next target would be at 1.0900 area. Key resistance is located at the downward trend line on 4-hour chart, only...

USDCHF Daily Analysis – March 7, 2014

by ForexCycle.com | March 7, 2014 4:05 am
After touching the downward trend line on 4-hour chart, USDCHF pulled back to 0.8794. The fall from 0.8895 is likely resumption of the downtrend from 0.9081. Deeper decline could be expected, and next target would be at...