AUDUSD Daily Analysis – May 14, 2014

by ForexCycle.com | May 14, 2014 3:16 am
AUDUSD moved sideways in a trading range between 0.9318 and 0.9394. The sideways movement is likely consolidation of the uptrend from 0.9202. As long as 0.9318 support holds, the uptrend could be expected to resume, and next...

GBPUSD Daily Analysis – May 14, 2014

by ForexCycle.com | May 14, 2014 3:16 am
GBPUSD broke below 1.6832 support, indicating that the uptrend from 1.6465 (Mar 24 low) had completed at 1.6996 already. Further decline would likely be seen after a minor consolidation, and next target would be at 1.6700 area....

EURUSD Daily Analysis – May 14, 2014

by ForexCycle.com | May 14, 2014 3:15 am
EURUSD’s downward movement from 1.3993 extended to as low as 1.3689. The downtrend could be expected to continue, and next target would be at 1.3600 area. Resistance is at 1.3755, only break above this level will indicate...

USDCAD Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:47 am
USDCAD is now in uptrend from 1.0813. Further rise would likely be seen and the target would be at the upper line of the price channel on 4-hour chart. Support is at 1.0813, only break below this...

USDCHF Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:46 am
USDCHF remains in uptrend from 0.8702. Further rise could be expected, and next target would be at 0.8950 area. Support is at 0.8835, only break below this level will indicate that consolidation of the uptrend is underway,...

USDJPY Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:45 am
USDJPY’s upward movement from 101.43 extended to as high as 102.25. Further rise is still possible, and next target would be at 102.70 area. Support is at 101.43, only break below this level could trigger another fall...

AUDUSD Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:45 am
AUDUSD stays in a trading range between 0.9318 and 0.9394. As long as 0.9318 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9202, another rise to 0.9500 area...

GBPUSD Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:44 am
Being contained by the lower line of the price channel on 4-hour chart, GBPUSD rebounded from 1.6832, indicating that the pair remains in uptrend from 1.6465 (Mar 24 low), and the fall from 1.6996 could be treated...

EURUSD Daily Analysis – May 13, 2014

by ForexCycle.com | May 13, 2014 3:43 am
EURUSD remains in downtrend from 1.3993. Deeper decline could be expected, and next target would be at 1.3650 area. Resistance is at 1.3795, only break above this level will indicate that consolidation of the downtrend is underway,...

USDCAD Daily Analysis – May 12, 2014

by ForexCycle.com | May 12, 2014 2:36 am
USDCAD broke above 1.0910 resistance, indicating that the downtrend from 1.1053 had completed at 1.0813 already. The pair is now in uptrend from 1.0813, further rise could be expected, and the target would be at 1.1000 area....