AUDUSD Daily Analysis – March 12, 2015

by ForexCycle.com | March 12, 2015 4:08 am
AUDUSD’s downward movement from 0.7912 extended to as low as 0.7560. Further decline could be expected, and next target would be at 0.7400 area. Resistance is at 0.7700, only break above this level could signal completion of...

GBPUSD Daily Analysis – March 12, 2015

by ForexCycle.com | March 12, 2015 4:07 am
GBPUSD remains in downtrend from 1.5551, and the downward movement extended to as low as 1.4893. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area. Resistance is at 1.5050,...

EURUSD Daily Analysis – March 12, 2015

by ForexCycle.com | March 12, 2015 4:06 am
EURUSD continued its downward movement from 1.1450, and the fall extended to as low as 1.0503. Further decline could be expected after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0700,...

USDCAD Daily Analysis – March 11, 2015

by ForexCycle.com | March 11, 2015 3:44 am
USDCAD broke above 1.2663 resistance, indicating that the uptrend from 1.1191 (Nov 21, 2014 low) has resumed. Further rise could be expected, and next target would be at 1.3000 area. Support is at 1.2530, only break below...

USDJPY Daily Analysis – March 11, 2015

by ForexCycle.com | March 11, 2015 3:43 am
After touching 121.84 (Dec 8, 2014 high) resistance, USDJPY pulled back from 122.02. However, the fall is likely consolidation of the uptrend from 118.23. Support is located at the upward trend line on 4-hour chart, as long...

AUDUSD Daily Analysis – March 11, 2015

by ForexCycle.com | March 11, 2015 3:43 am
AUDUSD remains in downtrend from 0.7912, and the fall extended to as low as 0.7592. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Resistance is now at 0.7700,...

GBPUSD Daily Analysis – March 11, 2015

by ForexCycle.com | March 11, 2015 3:42 am
GBPUSD’s downward movement from 1.5551 extended to as low as 1.5028. Further decline to test 1.4950 support would likely be seen. Resistance is at 1.5150, only break above this level could signal completion of the downtrend.

EURUSD Daily Analysis – March 11, 2015

by ForexCycle.com | March 11, 2015 3:42 am
EURUSD’s downward movement from 1.1450 extended to as low as 1.0667. Resistance is now at 1.0900, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0500 area....

USDCAD Daily Analysis – March 10, 2015

by ForexCycle.com | March 10, 2015 2:41 am
USDCAD is testing 1.2663 resistance, a break of this level will indicate that the uptrend from 1.1191 (Nov 21, 2014 low) has resumed, then the following upward movement could bring price to 1.3000 area. However, as long...

USDJPY Daily Analysis – March 10, 2015

by ForexCycle.com | March 10, 2015 2:40 am
USDJPY is facing 121.84 (Dec 8, 2014 high) resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 125.00 area. Support is...