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...

GBPUSD Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:23 am
GBPUSD failed to break above 1.6822 resistance and stayed in the trading range between 1.6582 and 1.6822. As long as 1.6582 support holds, the price action in the range could be treated as consolidation of the uptrend...

EURUSD Daily Analysis – March 4, 2014

by ForexCycle.com | March 4, 2014 3:23 am
EURUSD remains in uptrend from 1.3477, the fall from 1.3824 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could...

USDCAD Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:37 am
USDCAD’s downward movement from 1.1192 extended to as low as 1.1040. Deeper decline could be expected, and next target would be at 1.0980 area. Resistance is at 1.1130, only break above this level could signal completion of...

USDCHF Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:36 am
USDCHF’s downward movement from 0.9081 extended to as low as 0.8777. Further decline could be expected after a minor consolidation, and next target would be at 0.8700 area. Resistance is located at the upper line of the...

USDJPY Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:35 am
USDJPY broke below 101.38 support, indicating that the uptrend from 100.75 had completed. Deeper decline to test 100.75 previous low support could be seen, a breakdown below this level will signal resumption of the longer term downtrend...

AUDUSD Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:35 am
AUDUSD broke below 0.8906 support, suggesting that the uptrend from 0.8660 had completed at 0.9080 already. Deeper decline would likely be seen, and next target would be at 0.8800 area. However, the fall from 0.9080 would possibly...

GBPUSD Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:34 am
GBPUSD broke above 1.6730 resistance. Further rise to test 1.6822 resistance would likely be seen, a break above this level will confirm that the uptrend from 1.6252 has resumed, then next target would be at 1.7000 area....

EURUSD Daily Analysis – March 3, 2014

by ForexCycle.com | March 3, 2014 1:34 am
EURUSD broke above 1.3773 resistance, indicating that the uptrend from 1.3477 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.3900 area. Key support is now located at the...