USDCAD Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:42 am
USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.1192. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

USDCHF Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:41 am
USDCHF is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 0.8777 could be treated as consolidation of the downtrend from 0.9081, another fall...

USDJPY Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:41 am
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that the downward movement from 102.82 had completed. Further rise could be expected, and next target would be at 103.50 area. Support is...

AUDUSD Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:40 am
AUDUSD remains in downtrend from 0.9080, the rise from 0.8890 could be treated as consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel...

GBPUSD Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:39 am
GBPUSD continued its sideways movement in a range between 1.6582 and 1.6822. Key support is at 1.6582, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...

EURUSD Daily Analysis – March 5, 2014

by ForexCycle.com | March 5, 2014 2:39 am
EURUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3477, the price action from 1.3773 could be treated as consolidation of the uptrend. As long as the trend line support holds,...

USDCAD Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:26 am
USDCAD remains in downtrend from 1.1192. Deeper decline would likely be seen, and next target would be at 1.0980 area. Resistance is at 1.1130, only break above this level could signal completion of the downtrend.

USDCHF Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:25 am
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9081, the rise from 0.8777 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...

USDJPY Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:25 am
USDJPY remains in downtrend from 102.82, and the fall extended to as low as 101.20. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend...

AUDUSD Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:24 am
AUDUSD’s downward movement from 0.9080 extended to as low as 0.8890. Deeper decline would likely be seen in a couple of days, and next target would be at 0.8800 area. Resistance is at 0.8990, only break above...