EURUSD Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:47 pm
EURUSD is facing 1.3914 resistance, a break above this level will signal resumption of the uptrend from 1.3477, then next target would be at 1.4000 area. Initial support is at 1.3830, and the key support is located...

USDCAD Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:55 am
USDCAD moved sideways in a trading range between 1.0910 and 1.1224. Support is at 1.0955, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182...

USDCHF Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:55 am
USDCHF remains in downtrend from 0.9081. Another fall could be expected after a minor consolidation, and next target would be at 0.8700 area. Key resistance is located at the downward trend line on 4-hour chart, only a...

USDJPY Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:54 am
USDJPY remains in uptrend from 101.20, the fall from 103.76 could be treated as consolidation of the uptrend. Range trading between 102.60 and 103.76 would likely be seen in a couple of days. Support is at 102.60,...

AUDUSD Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:53 am
AUDUSD’s fall from 0.9133 extended to as low as 0.8946. Deeper decline would likely be seen, and the target would be at the lower line of the price channel on 4-hour chart. Key support is at 0.8890,...

GBPUSD Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:53 am
GBPUSD’s downward movement from 1.6785 extended to as low as 1.6596. Deeper decline would likely be seen in a couple of days, and the target would be at 1.6500 area. Resistance is at 1.6710, only break above...

EURUSD Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:52 am
EURUSD remains in uptrend from 1.3477, the fall from 1.3914 could be treated as consolidation of the uptrend. Key support is located at the upward trend line on 4-hour chart, as long as the trend line support...

USDCAD Daily Analysis – March 11, 2014

by ForexCycle.com | March 11, 2014 3:03 am
USDCAD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.1192 had completed at 1.0955 already. Further rise to test 1.1192 resistance would likely be seen, a break above this level will...

USDCHF Daily Analysis – March 11, 2014

by ForexCycle.com | March 11, 2014 3:02 am
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9081. The downward movement could be expected to continue after a minor consolidation, and next target would be at 0.8700 area. Only...

USDJPY Daily Analysis – March 11, 2014

by ForexCycle.com | March 11, 2014 3:02 am
USDJPY is in consolidation of the uptrend from 101.20, range trading between 102.60 and 103.76 is possible in a couple of days. As long as 102.60 support holds, the uptrend could be expected to resume, and next...