EURUSD Daily Analysis – May 1, 2014

by ForexCycle.com | May 1, 2014 2:57 am
EURUSD is facing 1.3879 resistance, a break above this level will signal resumption of the uptrend from 1.3672, then next target would be at 1.3950 area. On the downside, as long as 1.3879 resistance holds, the rise...

USDCAD Daily Analysis – April 30, 2014

by ForexCycle.com | April 30, 2014 3:20 am
USDCAD broke below 1.1000 support, indicating that the uptrend from 1.0857 had completed at 1.1053 already. The pair is now in downtrend from 1.1053, further decline could be expected over the next several days, and next target...

USDCHF Daily Analysis – April 30, 2014

by ForexCycle.com | April 30, 2014 3:19 am
USDCHF remains in uptrend from 0.8743, the fall from 0.8861 could be treated as correction of the uptrend. Another rise to 0.8900 area to complete the upward movement is still possible. Key support is at 0.8743, only...

USDJPY Daily Analysis – April 30, 2014

by ForexCycle.com | April 30, 2014 3:19 am
USDJPY broke above 102.72 resistance, indicating that the uptrend from 101.32 has resumed. Further rise could be expected, and next target would be at 103.50 area. Support is at 101.96, only break below this level could signal...

AUDUSD Daily Analysis – April 30, 2014

by ForexCycle.com | April 30, 2014 3:18 am
AUDUSD remains in downtrend from 0.9461. As long as 0.9316 resistance holds, the downtrend could be expected to continue, and next target would be at 0.9180 area. On the upside, a break above 0.9316 will indicate that...

GBPUSD Daily Analysis – April 30, 2014

by ForexCycle.com | April 30, 2014 3:17 am
GBPUSD stays in a trading range between 1.6762 and 1.6857. As long as 1.6762 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6465, one more rise to 1.7000...

EURUSD Daily Analysis – April 30, 2014

by ForexCycle.com | April 30, 2014 3:16 am
EURUSD remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend. Resistance is now at 1.3879, as long as this level holds, the downtrend could be expected to resume, and...

USDCAD Daily Analysis – April 29, 2014

by ForexCycle.com | April 29, 2014 4:56 am
USDCAD moved sideways in a narrow range between 1.1000 and 1.1053. As long as 1.1000 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0857, one more rise to...

USDCHF Daily Analysis – April 29, 2014

by ForexCycle.com | April 29, 2014 4:56 am
USDCHF’s fall from 0.8861 extended to as low as 0.8770. However, the fall is likely correction of the uptrend from 0.8743, one more rise to 0.8900 area to complete the upward movement is still possible. Key support...

USDJPY Daily Analysis – April 29, 2014

by ForexCycle.com | April 29, 2014 4:55 am
USDJPY is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed, then the following upward movement could bring price to 104.50 area. On the downside, as long as 102.72...