USDCAD Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:52 am
USDCAD is facing 1.2410 support, a breakdown below this level will signal resumption of the downtrend from 1.2835, then next target would be at 1.2200 area. Resistance is at 1.2575, only break above this level could bring...

USDJPY Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:52 am
USDJPY broke above 120.36 resistance, indicating that the downward movement from 122.02 had completed at 118.33 already. Further rise could be expected, and next target would be at 121.50 area. Support is at 119.50, only break below...

AUDUSD Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:51 am
No changed in our view, AUDUSD remains in downtrend from 0.7938, the rise from 0.7532 could be treated as consolidation of the downtrend. Resistance is at 0.7750, as long as this level holds, the downtrend could be...

GBPUSD Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:51 am
GBPUSD moved sideways in a trading range between 1.4739 and 1.4994. Resistance is at 1.4994, a break of this level will signal resumption of the uptrend from 1.4634, then further rise to 1.5200 area could be seen....

EURUSD Daily Analysis – April 8, 2015

by ForexCycle.com | April 8, 2015 2:49 am
EURUSD stayed in the trading range between 1.0713 and 1.1052. Resistance is at 1.1052, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.1150 – 1.1200 area....

USDCAD Daily Analysis – April 7, 2015

by ForexCycle.com | April 7, 2015 2:59 am
USDCAD is testing 1.2410 support, a breakdown below this level will signal resumption of the downtrend from 1.2835, then next target would be at 1.2200 area. Resistance is at 1.2575, only break above this level could bring...

USDJPY Daily Analysis – April 7, 2015

by ForexCycle.com | April 7, 2015 2:58 am
USDJPY moved sideways in a trading range between 118.33 and 120.36. As long as 120.36 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 122.02, further decline to 116.50...

AUDUSD Daily Analysis – April 7, 2015

by ForexCycle.com | April 7, 2015 2:58 am
AUDUSD remains in downtrend from 0.7938, the rise from 0.7532 coudl be treated as consolidation of the downtrend. Resistance is at 0.7750, as long as this level holds, the downtrend could be expected to continue, and next...

GBPUSD Daily Analysis – April 7, 2015

by ForexCycle.com | April 7, 2015 2:57 am
GBPUSD failed to break above 1.5000 resistance, and stayed in the trading range between 1.4739 and 1.4994. Resistance is now at 1.4994, a break of this level will signal resumption of the uptrend from 1.4634, then next...