USDCAD Daily Analysis – March 17, 2014

by ForexCycle.com | March 17, 2014 3:11 am
USDCAD failed to break above 1.1192 resistance and pulled back from 1.1153, suggesting that lengthier sideways movement is underway. Deeper decline would likely be seen, and the target would be at 1.0990 area. Key support is at...

USDCHF Daily Analysis – March 17, 2014

by ForexCycle.com | March 17, 2014 3:10 am
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9081. Further decline could be expected after a minor consolidation, and next target would be at 0.8600 area. Key resistance is at...

USDJPY Daily Analysis – March 17, 2014

by ForexCycle.com | March 17, 2014 3:09 am
USDJPY is facing 101.20 support, a breakdown below this level will signal resumption of the downtrend from 105.44 (Jan 2 high), then the following downward movement could bring price to 98.00 area. Resistance is at 101.90, only...

AUDUSD Daily Analysis – March 17, 2014

by ForexCycle.com | March 17, 2014 3:08 am
AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend. Another rise towards 0.9350 could be expected after consolidation, and a break above 0.9133 could...

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...