USDJPY Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:14 am
USDJPY breaks below 101.96 support, indicating that the upward movement from 101.32 had completed at 103.02 already. Deeper decline to test 101.32 support could be expected, a breakdown below this level will signal resumption of the downtrend...

AUDUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:13 am
AUDUSD remains in downtrend from 0.9461, the rise from 0.9202 is likely consolidation of the downtrend. Key resistance is at 0.9316, as long as this level holds, the downtrend could be expected to resume, and next target...

GBPUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:12 am
GBPUSD remains in uptrend from 1.6465, the fall from 1.6918 could be treated as consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hour chart, as long as the...

EURUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:12 am
EURUSD is now in uptrend from 1.3775. Further rise could be expected, and next target would be at 1.3950 area. Support levels are at 1.3810 and 1.3775, only break below these levels could trigger another fall to1.3700...

USDCAD Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:29 am
No changed in our view, USDCAD is now in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Support is at 1.0857, a breakdown below this level will signal resumption of the downtrend,...

USDCHF Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:29 am
USDCHF moved sideways in a range between 0.8699 and 0.8952. Key resistance is located at the upper line of the price channel on daily chart, as long as the channel resistance holds, the price action in the...

USDJPY Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:28 am
USDJPY moved sideways in a range between 100.75 and 105.44. As long as 100.75, support holds, the price action from 105.44 could be treated as consolidation of the uptrend from 93.79 (Jun 13, 2013 low), one more...

AUDUSD Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:27 am
AUDUSD broke below the lower line of the price channel on daily chart, indicating that the uptrend from 0.8660 had completed at 0.9461 already. Further decline would likely be seen over the next several weeks, and next...

GBPUSD Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:27 am
GBPUSD’s upward movement from 1.4813 (Jul 9, 2013 low) extended to as high as 1.6918. Near term support is located at the lower line of the price channel on daily chart, as long as the channel support...

EURUSD Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:26 am
EURUSD stays in a trading range between 1.3672 and 1.3966. As long as 1.3672 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.2747 (Apr 4, 2013 low), one...