USDCAD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:26 am
USDCAD is facing 1.0926 resistance, a break above this level will signal resumption of the uptrend from 1.0813, then further rise towards the upper line of the price channel on 4-hour chart could be seen. Support levels...

USDCHF Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:25 am
USDCHF’s upward movement from 0.8702 had completed at 0.8959 already, and the pair is now in downtrend. Another fall could be expected, and next target would be at 0.8830 area. Resistance is at 0.8959, only break above...

USDJPY Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:24 am
USDJPY remains in downtrend from 102.36, the rise from 101.10 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 100.00 area. Resistance is at 101.65,...

AUDUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:24 am
AUDUSD is facing 0.9202 support, a breakdown below this level will indicate that the downtrend from 0.9461 has resumed, then the following downward movement could bring price to 0.8500 area. Resistance is now at 0.9300, only break...

GBPUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:23 am
GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864. The uptrend could be expected to continue, and next target would be at 1.6900 – 1.6950 area. Support levels are at 1.6800 and 1.6731, only break...

EURUSD Daily Analysis – May 21, 2014

by ForexCycle.com | May 21, 2014 3:22 am
EURUSD’s downward movement from 1.3993 had completed at 1.3648 already, and the pair is now in uptrend. Another rise could be expected and next target would be at 1.3850 area. Support is at 1.3648, only break below...

USDCAD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:30 am
USDCAD’s fall from 1.0926 extended to as low as 1.0850. However, the fall is likely correction of the uptrend from 1.0813, as long as 1.0813 support holds, the uptrend could be expected to resume, and one more...

USDCHF Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:29 am
USDCHF is in consolidation of the uptrend from 0.8702, another fall to 0.8830 area to complete the consolidation would likely be seen over the next several days. Resistance is at 0.8959, only break above this level could...

USDJPY Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:29 am
USDJPY’s downward movement from 102.36 extended to as low as 101.10. Further decline would likely be seen over the next several days, and next target would be at 100.00 area. Resistance is at 101.65, only break above...

AUDUSD Daily Analysis – May 20, 2014

by ForexCycle.com | May 20, 2014 2:28 am
AUDUSD broke below 0.9318 support, indicating that the uptrend from 0.9202 had completed at 0.9408 already. Deeper decline could be expected and next target would be at 0.9250 area. Resistance levels are at 0.9375 and 0.9408, only...