AUDUSD Daily Analysis – March 16, 2015

by ForexCycle.com | March 16, 2015 2:49 am
AUDUSD stays within the downward price channel on 4-hour chart, and remains in downtrend from 0.7912. Near term resistance is at the top of the channel, as long as the channel resistance holds, the downtrend could be...

GBPUSD Daily Analysis – March 16, 2015

by ForexCycle.com | March 16, 2015 2:49 am
GBPUSD continued its downward movement from 1.5551, and the fall extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area. Resistance is now at...

EURUSD Daily Analysis – March 16, 2015

by ForexCycle.com | March 16, 2015 2:48 am
EURUSD’s downward movement from 1.1450 extended to as low as 1.0462. Further decline could be expected, and next target would be at 1.0200 area. Resistance is at 1.0700, only break above this level could signal completion of...

USDCAD Daily Analysis – March 13, 2015

by ForexCycle.com | March 13, 2015 3:42 am
USDCAD remains in uptrend from 1.2406, the fall from 1.2797 is likely consolidation of the uptrend. Support is at 1.2600, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDJPY Daily Analysis – March 13, 2015

by ForexCycle.com | March 13, 2015 3:42 am
USDJPY failed to break below the upward trend line on 4-hour chart, indicating that the pair remains in uptrend from 118.23, the fall from 122.02 could be treated as consolidation of the uptrend. As long as the...

AUDUSD Daily Analysis – March 13, 2015

by ForexCycle.com | March 13, 2015 3:41 am
AUDUSD broke above 0.7700 resistance, indicating that the downward movement from 0.7912 had completed at 0.7560 already. Further rise could be expected, and the target would be at 0.7850 area. Support is at 0.7560, only break below...

GBPUSD Daily Analysis – March 13, 2015

by ForexCycle.com | March 13, 2015 3:40 am
GBPUSD’s downward movement from 1.5551 extended to as low as 1.4849. Resistance is now at 1.5050, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.4500 area....

EURUSD Daily Analysis – March 13, 2015

by ForexCycle.com | March 13, 2015 3:40 am
EURUSD remains in downtrend from 1.1450, the rise from 1.0494 is likely consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would...

USDCAD Daily Analysis – March 12, 2015

by ForexCycle.com | March 12, 2015 4:09 am
USDCAD’s upward movement from 1.2406 extended to as high as 1.2797. Further rise could be expected after a minor consolidation, and next target would be at 1.3000 area. Support is at 1.2640, as long as this level...

USDJPY Daily Analysis – March 12, 2015

by ForexCycle.com | March 12, 2015 4:08 am
USDJPY remains in uptrend from 118.23, the fall from 122.02 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend...