USDJPY Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:57 am
USDJPY moved sideways in a trading range between 102.11 and 102.79. Key support is at 102.11, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

AUDUSD Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:56 am
AUDUSD’s upward movement from 0.9208 extended to as high as 0.9389. Further rise could be expected, and next target would be at 0.9450 area. Support is at 0.9300, only break below this level could signal completion of...

GBPUSD Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:55 am
GBPUSD is facing 1.6735 support, a breakdown below this level will signal completion of the uptrend from 1.6692, then the following downward movement could bring price to 1.6600 area. On the upside, as long as 1.6735 support...

EURUSD Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:55 am
EURUSD is facing 1.3502 support, a breakdown below this level will signal resumption of the downtrend from 1.3993, then next target would be at 1.3350 area. However, as long as 1.3502 support holds, the fall from 1.3676...

USDCAD Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:30 am
USDCAD broke below 1.0900 support, indicating that the uptrend from 1.0822 had completed at 1.0960 already. Deeper decline would likely be seen, and next target would be at 1.0840 area. Resistance is at 1.0960, only break above...

USDCHF Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:30 am
USDCHF remains in downtrend from 0.9036, the rise from 0.8907 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 0.8800 area. Resistance is at 0.9036,...

USDJPY Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:29 am
USDJPY stays in a rising price channel on 4-hour chart, and remains in uptrend from 100.83, the fall from 102.79 is likely consolidation of the uptrend. Initial support is located at the lower line of the channel,...

AUDUSD Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:28 am
AUDUSD remains in uptrend from 0.9208. Further rise could be expected after a minor consolidation, and next target would be at 0.9420 area. Support is at 0.9270, only break below this level could signal completion of the...

GBPUSD Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:28 am
GBPUSD remains in uptrend from 1.6692. Further rise could be expected after a minor consolidation, and next target would be at 1.6900 – 1.6950 area. Support is at 1.6735, only break below this level will indicate that...

EURUSD Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:27 am
EURUSD remains in uptrend from 1.3502, the fall from 1.3676 is likely correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3750 area. Support is at 1.3502, only break...