USDJPY Daily Analysis – April 23, 2014

by ForexCycle.com | April 23, 2014 3:38 am
USDJPY remains in uptrend from 101.32, and the rise extended to as high as 102.72. Further rise is still possible after a minor consolidation, and next target would be at 103.00 area. Support is at the bottom...

AUDUSD Daily Analysis – April 23, 2014

by ForexCycle.com | April 23, 2014 3:38 am
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295. Further decline would likely be seen, and the target would be at 0.9250 area. Key resistance is now at 0.9380, only...

GBPUSD Daily Analysis – April 23, 2014

by ForexCycle.com | April 23, 2014 3:37 am
GBPUSD is facing 1.6841 resistance, a break above this level will signal resumption of the uptrend from 1.6465, then the following upward movement could bring price to 1.7000 area. Near term support is now at 1.6770, only...

EURUSD Daily Analysis – April 23, 2014

by ForexCycle.com | April 23, 2014 3:36 am
EURUSD remains in downtrend from 1.3905. Deeper decline is still possible and the target would be at 1.3750 area. Resistance levels are at 1.3835 and 1.3905, only break above these levels could trigger another rise towards 1.4000.

What Will December 31, 2014 Financial Headlines Look Like?

by ForexCycle.com | April 23, 2014 2:12 am
By Elliott Wave International The financial forecasts around the end of 2013 brimmed with optimism. Here are just a few examples: Many scoff at notion stock bubble exists — Associated Press, Nov. 19, 2013 Economy Entering New...

USDCAD Daily Analysis – April 22, 2014

by ForexCycle.com | April 22, 2014 3:27 am
USDCAD remains in uptrend from 1.0857. Further rise would likely be seen after a minor consolidation, and next target would be at 1.1100 area. Support is at 1.0960, only break below this level could signal completion of...

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...