GBPUSD Daily Analysis – March 17, 2014

by ForexCycle.com | March 17, 2014 3:07 am
GBPUSD remains in downtrend from 1.6822. Deeper decline would likely be seen, and the target would be at 1.6500 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend...

EURUSD Daily Analysis – March 17, 2014

by ForexCycle.com | March 17, 2014 3:06 am
EURUSD’s upward movement from 1.3477 extended to as high as 1.3966. 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 13, 2014

by ForexCycle.com | March 12, 2014 11:51 pm
USDCAD’s upward movement from 1.0955 extended to as high as 1.1153. Further rise to test 1.1192 resistance could be expected, a break above this level could signal resumption of the longer term uptrend from 1.0182 (Sept 19,...

USDCHF Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:50 pm
USDCHF’s downward movement from 0.8895 extended to as low as 0.8734. Further decline could be expected, and next target would be at 0.8650 area. Initial resistance is at 0.8810, and the key resistance is located at the...

USDJPY Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:49 pm
USDJPY broke below 102.60 support, suggesting that the uptrend from 101.20 had completed at 103.76 already. Deeper decline could be expected, and next target would be at 101.80 area. Resistance is now at 103.76, only break above...

AUDUSD Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:49 pm
Being contained by the lower line of the price channel on 4-hour chart, AUDUSD rebounded from 0.8924, indicating that the fall from 0.9133 is complete. Further rally could be expected and next target would be at 0.9100...

GBPUSD Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:48 pm
GBPUSD continued its downward movement from 1.6785, and the fall extended to as low as 1.6568. Deeper decline is still possible, and the target would be at 1.6500 area. Resistance is at 1.6665, only break above this...

EURUSD Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:47 pm
EURUSD is facing 1.3914 resistance, a break above this level will signal resumption of the uptrend from 1.3477, then next target would be at 1.4000 area. Initial support is at 1.3830, and the key support is located...

USDCAD Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:55 am
USDCAD moved sideways in a trading range between 1.0910 and 1.1224. Support is at 1.0955, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182...

USDCHF Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:55 am
USDCHF remains in downtrend from 0.9081. Another fall could be expected after a minor consolidation, and next target would be at 0.8700 area. Key resistance is located at the downward trend line on 4-hour chart, only a...