USDCHF Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:26 am
USDCHF’s upward movement from 0.8743 extended to as high as 0.8853. Further rise is still possible after a minor consolidation, and the target would be at 0.8900 area. Support is located at the upward trend line on...

USDJPY Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:25 am
USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 101.32. Support is located at the lower line of the channel, as long as the channel support holds the uptrend could be...

AUDUSD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:24 am
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461. As long as the channel resistance holds, the downtrend could be expected to continue, and the target would be at 0.9250...

GBPUSD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:24 am
GBPUSD is in consolidation of the uptrend from 1.6465. One more fall to 1.6700 area to complete the consolidation would likely be seen. Key support is at 1.6660, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:22 am
EURUSD’s downward movement from 1.3905 extended to as low as 1.3786. Deeper decline would likely be seen in a couple of days, and the target would be at 1.3750 area. Key resistance is now at 1.3865, only...

USDCAD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:03 am
USDCAD’s upward movement from 1.0857 extended to as high as 1.1033. Further rise could be expected after a minor consolidation and next target would be at 1.1100 area. Support is at 1.0960, only break below this level...

USDCHF Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:02 am
USDCHF remains in uptrend from 0.8743. Further rise is still possible, and next target would be at 0.8900 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend...

USDJPY Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:01 am
USDJPY continued its upward movement from 101.32, and the rise extended to as high as 102.70. Support is now located at the bottom of the price channel on 4-hour chart. As long as the channel support holds,...

AUDUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:01 am
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314. Deeper decline is still possible, and the target would be at 0.9250 area. Resistance is located at the upper line of the price channel on 4-hour...

GBPUSD Daily Analysis – April 21, 2014

by ForexCycle.com | April 21, 2014 3:00 am
GBPUSD remains in uptrend from 1.6465, the price action from 1.6820 could be treated as consolidation of the uptrend. Another fall to 1.6700 area to complete the consolidation is possible. Key support is at 1.6660, as long...