USDCHF Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:19 am
USDCHF remains in uptrend from 0.8702, the fall from 0.8959 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 0.9000 area. Support is at 0.8880,...

USDJPY Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:18 am
USDJPY is now in downtrend from 102.36. Further decline would likely be seen in a couple of days, and next target would be at 100.00 area. Resistance is at 101.85, only break above this level could trigger...

AUDUSD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:17 am
AUDUSD continued its sideways movement in a range between 0.9318 and 0.9408. Key support is at 0.9318, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...

GBPUSD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:17 am
GBPUSD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.6996 had completed at 1.6731 already. Further rise could be expected and next target would be at 1.6900 area. Support is at...

EURUSD Daily Analysis – May 19, 2014

by ForexCycle.com | May 19, 2014 2:16 am
EURUSD remains in downtrend from 1.3993, the rise from 1.3648 could be treated as consolidation of the downtrend. Resistance is now at 1.3735, as long as this level holds, the downtrend could be expected to continue, and...

USDCAD Weekly Analysis – May 17, 2014

by ForexCycle.com | May 17, 2014 2:22 pm
USDCAD remains in downtrend from 1.1278, the price action from 1.0857 is likely consolidation of the downtrend. Another rise to the upper line of the price channel on daily chart to complete the consolidation would likely be...

USDCHF Weekly Analysis – May 17, 2014

by ForexCycle.com | May 17, 2014 2:21 pm
USDCHF is facing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 0.8699 could be treated as consolidation of the downtrend from 0.9751 (Jul 9, 2013...

USDJPY Weekly Analysis – May 17, 2014

by ForexCycle.com | May 17, 2014 2:20 pm
USDJPY is testing 100.75 key support, as long as this level holds, the price action from 105.44 could be treated as consolidation of the uptrend from 93.79 (Jun 13, 2013 low), one more rise to 110.00 area...

AUDUSD Weekly Analysis – May 17, 2014

by ForexCycle.com | May 17, 2014 2:19 pm
AUDUSD moved sideways in a range between 0.9202 and 0.9461. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, one more rise to 0.9550...

GBPUSD Weekly Analysis – May 17, 2014

by ForexCycle.com | May 17, 2014 2:18 pm
GBPUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the uptrend from 1.4813 (Jul 9, 2013 low) could be expected to resume, and further rise to 1.7200...