AUDUSD Daily Analysis – May 6, 2014

by ForexCycle.com | May 6, 2014 3:00 am
AUDUSD broke above the upper line of the price channel on 4-hour chart. Further rise to test 0.9316 key resistance is possible, a break above this level will signal completion of the downtrend from 0.9461, then the...

GBPUSD Daily Analysis – May 6, 2014

by ForexCycle.com | May 6, 2014 2:59 am
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), and the fall from 1.6918 is likely consolidation of the uptrend. As long as the channel support holds,...

EURUSD Daily Analysis – May 6, 2014

by ForexCycle.com | May 6, 2014 2:58 am
EURUSD is facing 1.3905 resistance, a break above this level will indicate that the uptrend from 1.3672 has resumed, then next target would be at 1.4000 area. Support levels are at 1.3810 and 1.3775, only break below...

USDCAD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:15 am
USDCAD remains in downtrend from 1.1053, and the fall extended to as low as 1.0935. Resistance is now at 1.1004, as long as this level holds, the downtrend could be expected to continue, and next target would...

USDCHF Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:14 am
USDCHF continued its sideways movement in a range between 0.8743 and 0.8861. As long as 0.8861 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.8952, a breakdown below 0.8743 support...

USDJPY Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:14 am
USDJPY breaks below 101.96 support, indicating that the upward movement from 101.32 had completed at 103.02 already. Deeper decline to test 101.32 support could be expected, a breakdown below this level will signal resumption of the downtrend...

AUDUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:13 am
AUDUSD remains in downtrend from 0.9461, the rise from 0.9202 is likely consolidation of the downtrend. Key resistance is at 0.9316, as long as this level holds, the downtrend could be expected to resume, and next target...

GBPUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:12 am
GBPUSD remains in uptrend from 1.6465, the fall from 1.6918 could be treated as consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hour chart, as long as the...

EURUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:12 am
EURUSD is now in uptrend from 1.3775. Further rise could be expected, and next target would be at 1.3950 area. Support levels are at 1.3810 and 1.3775, only break below these levels could trigger another fall to1.3700...

USDCAD Daily Analysis – May 2, 2014

by ForexCycle.com | May 2, 2014 4:16 am
USDCAD remains in downtrend from 1.1053, the rise from 1.0942 is likely consolidation of the downtrend. Resistance is at 1.1000, as long as this level holds, the downtrend could be expected to resume, and next target would...