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USDCAD Daily Analysis - April 2, 2015

Short Term Forex Analysis | by ForexCycle.com | Thursday, 02 April 2015 02:53 UTC
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2835. Deeper decline would likely be seen, and the target would be at 1.2450 area. Key resistance is at 1.2835, only break above this level could trigger another rise towards 1.3500.

USDJPY Daily Analysis - April 2, 2015

Short Term Forex Analysis | by ForexCycle.com | Thursday, 02 April 2015 02:52 UTC
USDJPY remains in downtrend from 122.02, the rise from 118.33 is likely consolidation of the downtrend. Resistance is at 120.36, as long as this level holds, the downtrend could be expected to resume, and further decline to 116.50 area is still possible. Only break above 120.36 resistance could sign ...

AUDUSD Daily Analysis - April 2, 2015

Short Term Forex Analysis | by ForexCycle.com | Thursday, 02 April 2015 02:52 UTC
AUDUSD is testing 0.7560 support, a breakdown below this level will signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high), then the following downward movement could bring price to 0.7000 area. Resistance is at 0.7675, only break above this level will indicate that lengthier si ...

GBPUSD Daily Analysis - April 2, 2015

Short Term Forex Analysis | by ForexCycle.com | Thursday, 02 April 2015 02:51 UTC
GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is at 1.4634, only break below this level could trigger another fall towards 1.4000.

EURUSD Daily Analysis - April 2, 2015

Short Term Forex Analysis | by ForexCycle.com | Thursday, 02 April 2015 02:49 UTC
EURUSD stays in the downward price channel on 4-hour chart, and remains in the short term downtrend from 1.1052. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0500 - 1.0550 area. However, a clear break above the channel resistance ...

USDCAD Daily Analysis - April 1, 2015

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 01 April 2015 03:13 UTC
USDCAD failed to break above 1.2835 resistance, indicate that lengthier sideways movement in the trading range between 1.2352 and 1.2835 is underway. Deeper decline would likely be seen, and the target would be at 1.2500 area.

USDJPY Daily Analysis - April 1, 2015

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 01 April 2015 03:13 UTC
USDJPY failed to break above 120.50 resistance, and pulled back from 120.36, indicating that the pair remains in downtrend from 122.02, and the rise from 118.33 could be treated as consolidation of the downtrend. Resistance is now at 120.36, as long as this level holds, the downtrend could be expect ...

AUDUSD Daily Analysis - April 1, 2015

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 01 April 2015 03:12 UTC
AUDUSD is facing 0.7560 support, a breakdown below this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed, then the following downward movement could bring price to 0.7000 area. Resistance is at 0.7700, above this level will indicate that lengthier sideways ...

GBPUSD Daily Analysis - April 1, 2015

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 01 April 2015 03:11 UTC
No changed in our view, GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is at 1.4634, only break below this level could trigger another fa ...

EURUSD Daily Analysis - April 1, 2015

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 01 April 2015 03:11 UTC
EURUSD remains in downtrend from 1.1052, and the fall extended to as low as 1.0713. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.0500 - 1.0550 area. However ...

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