GBPUSD Daily Analysis – April 28, 2014

by ForexCycle.com | April 28, 2014 3:00 am
GBPUSD remains in uptrend from 1.6465, the fall from 1.6841 is likely consolidation of the uptrend. Deeper decline is still possible, and next target would be at 1.6730 area. Resistance is at 1.6841, a break above this...

EURUSD Daily Analysis – April 28, 2014

by ForexCycle.com | April 28, 2014 2:59 am
EURUSD stays in a trading range between 1.3785 and 1.3864. Key resistance is at 1.3864, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3905,...

USDCAD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:22 am
USDCAD is in downtrend from 1.1278, the bounce from 1.0857 could be treated as consolidation of the downtrend. Near term resistance is at 1.1100, as long as this level holds, the downtrend could be expected to resume,...

USDCHF Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:21 am
USDCHF stays in a downward price channel on daily chart, and remains in downtrend from 0.9751 (Jul 9, 2013 high). Resistance is located at the upper line of the channel, as long as the channel resistance holds,...

USDJPY Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:21 am
USDJPY is facing the 100.75 key support, a breakdown below this level will indicate that the downtrend from 105.44 has resumed, then deeper decline to 95.00 area could be seen. On the upside, as long as 100.75...

AUDUSD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:20 am
AUDUSD is facing the support of the bottom of the price channel on daily chart. As long as the channel support holds, the fall from 0.9461 would possibly be consolidation of the uptrend from 0.8660, one more...

GBPUSD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:19 am
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low). Near term support is located at the bottom of the channel, as long as the channel support...

EURUSD Weekly Analysis – April 27, 2014

by ForexCycle.com | April 27, 2014 7:18 am
EURUSD moved sideways in a range between 1.3672 and 1.3966. The price action in the range is likely consolidation of the uptrend from 1.2747 (Apr 4, 2013 low). As long as 1.3672 support holds, the uptrend could...

Inside Story: What It Means When the DJIA Goes Post-Industrial

by ForexCycle.com | April 26, 2014 6:42 am
By Elliott Wave International Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it’s all about...

USD/JPY Forecast April 28, 2014, Technical Analysis

by FX Empire | April 26, 2014 6:40 am
The USD/JPY pair went back and forth during the session on Friday, ultimately settling on a fairly negative candle. However, we can still see that the 102 level is supportive, and as a result the market should...