EURUSD Daily Analysis – May 9, 2014

by ForexCycle.com | May 9, 2014 2:37 am
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.3775 had completed at 1.3993 already. Further decline could be expected, and next target would be at 1.3750 area. Resistance is at...

USDCAD Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:31 am
Being contained by 1.0857 support, USDCAD rebounded from 1.0874. However, the rise is likely consolidation of the downtrend from 1.1053, further decline could be expected after consolidation, and next target would be at 1.0700 area. Resistance is...

USDCHF Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:31 am
USDCHF remains in downtrend from 0.8861, the rise from 0.8720 is likely consolidation of the downtrend. Resistance is at 0.8780, as long as this level holds, the downtrend could be expected to resume, and next target would...

USDJPY Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:30 am
Being contained by 101.32 support, USDJPY rebounded from 101.43. However, another fall to re-test 101.32 support is still possible, a breakdown below this level will signal resumption of the downtrend from 104.12, then the following downward movement...

AUDUSD Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:30 am
AUDUSD is now in uptrend from 0.9202, and the rise extended to as high as 0.9374. Further rise could be expected, and next target would be at 0.9500 area. Support levels are at 0.9315 and 0.9250, only...

GBPUSD Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:29 am
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), the fall from 1.6996 could be treated as consolidation of the uptrend. As long as the trend line...

EURUSD Daily Analysis – May 8, 2014

by ForexCycle.com | May 8, 2014 3:28 am
EURUSD remains in uptrend from 1.3775, the fall from 1.3951 is likely consolidation of the uptrend. Support is now located at the upward trend line on 4-hour chart. As long as the trend line support holds, the...

USDCAD Daily Analysis – May 7, 2014

by ForexCycle.com | May 7, 2014 3:10 am
USDCAD is facing 1.0857 support, a breakdown below this level will signal resumption of the downtrend from 1.1278 (Mar 20 high), then next target would be at 1.0700 area. Resistance is at 1.0950, only break above this...

USDCHF Daily Analysis – May 7, 2014

by ForexCycle.com | May 7, 2014 3:09 am
USDCHF broke below 0.8743 support, indicating that the downtrend from 0.8952 has resumed. Further decline would likely be seen, and next target would be at 0.8600 area. Resistance is at 0.8780, only break above this level could...

USDJPY Daily Analysis – May 7, 2014

by ForexCycle.com | May 7, 2014 3:09 am
USDJPY is facing 101.32 support, a breakdown below this level will indicate that the downtrend from 104.12 has resumed, then the following downward movement could bring price to 96.00 area. Resistance is at 102.00, only break above...