AUDUSD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:49 am
AUDUSD is now in downtrend from 0.7938, the rise from 0.7532 is likely consolidation of the downtrend. Further decline could be expected, and next target would be at 0.7400 area. Resistance is at 0.7700, as long as...

GBPUSD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:49 am
GBPUSD is in short term uptrend from 1.4739. Further rise could be expected after a minor consolidation, and next target would be at 1.5100 – 1.5150 area. Support is now at 1.4835, only break below this level...

EURUSD Daily Analysis – April 6, 2015

by ForexCycle.com | April 6, 2015 2:48 am
EURUSD is facing 1.1052 resistance, a break of this level will signal resumption of the uptrend from 1.0462, then next target would be at 1.1150 – 1.1200 area. Support is at 1.0900, only break below this level...

USDCAD Daily Analysis – April 3, 2015

by ForexCycle.com | April 3, 2015 2:38 am
USDCAD continued its sideways movement in a range between 1.2352 and 1.2835. Deeper decline would likely be seen, and the target would be at 1.2450 area. Key resistance is at 1.2835, only break above this level could...

USDJPY Daily Analysis – April 3, 2015

by ForexCycle.com | April 3, 2015 2:37 am
USDJPY is in downtrend from 122.02, the rise from 118.33 could be treated as consolidation of the downtrend. Resistance is at 120.36, as long as this level holds, the downtrend could be expected to continue, and next...

AUDUSD Daily Analysis – April 3, 2015

by ForexCycle.com | April 3, 2015 2:36 am
AUDUSD broke below 0.7560 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Resistance...

GBPUSD Daily Analysis – April 3, 2015

by ForexCycle.com | April 3, 2015 2:36 am
GBPUSD remains in uptrend from 1.4634. Another rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is...

EURUSD Daily Analysis – April 3, 2015

by ForexCycle.com | April 3, 2015 2:35 am
EURUSD broke above the channel resistance, indicating that the downward movement from 1.1052 had completed at 1.0713 already. Further rise to test 1.1052 resistance could be expected, a break of this level could bring price to 1.1150...

USDCAD Daily Analysis – April 2, 2015

by ForexCycle.com | April 2, 2015 2:53 am
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2835. Deeper decline would likely be seen, and the target would be at 1.2450 area. Key resistance is at 1.2835, only break above this level...

USDJPY Daily Analysis – April 2, 2015

by ForexCycle.com | April 2, 2015 2:52 am
USDJPY remains in downtrend from 122.02, the rise from 118.33 is likely consolidation of the downtrend. Resistance is at 120.36, as long as this level holds, the downtrend could be expected to resume, and further decline to...