GBPUSD Daily Analysis – March 7, 2014

by ForexCycle.com | March 7, 2014 4:03 am
GBPUSD moved sideways in a trading 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 from...

EURUSD Daily Analysis – March 7, 2014

by ForexCycle.com | March 7, 2014 4:01 am
EURUSD continued its upward movement from 1.3477, and the rise extended to as high as 1.3872. Initial support is at 1.3800, and the key support is at the upward trend line on 4-hour chart, only a clear...

USDCAD Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:58 am
USDCAD continues its downward movement from 1.1192, and the fall extends to as low as 1.1025. Deeper decline is still possible, and next target would be at 1.0970 area. Resistance is at the downward trend line on...

USDCHF Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:58 am
USDCHF broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.9081 had completed at 0.8777 already. Further rise could be expected in a couple of days, and next target would be at...

USDJPY Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:57 am
USDJPY is facing 102.82 resistance, a break above this level will confirm that the uptrend from 100.75 has resumed, then next target would be at 104.00 area. Support is at 102.00, only break below this level will...

AUDUSD Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:57 am
AUDUSD broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9080 had completed at 0.8890 already. Further rise could be expected, and next target would be at 0.9150 area....

GBPUSD Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:56 am
GBPUSD stays in a trading range between 1.6582 and 1.6822. As long as 1.6582 key support holds, the uptrend from 1.6252 could be expected to resume, and one more rise towards 1.7000 is still possible. On the...

EURUSD Daily Analysis – March 6, 2014

by ForexCycle.com | March 6, 2014 3:55 am
EURUSD is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the price action form 1.3773 could be treated as consolidation of the uptrend from 1.3477, one...

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...