USDCAD Daily Analysis – June 2, 2014

by ForexCycle.com | June 2, 2014 3:32 am
Being contained by 1.0813 support, USDCAD rebounded from 1.0822. However, the bounce is likely consolidation of the downtrend from 1.0941, another fall to test 1.0813 support would likely be seen after consolidation, a breakdown below this level...

USDCHF Daily Analysis – June 2, 2014

by ForexCycle.com | June 2, 2014 3:32 am
After touching 0.8937 support, USDCHF rebounded from 0.8932, indicating that the pair remains in uptrend from 0.8702, and the fall from 0.8989 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation,...

USDJPY Daily Analysis – June 2, 2014

by ForexCycle.com | June 2, 2014 3:31 am
USDJPY is facing 102.13 resistance, a break above this level will signal resumption of the uptrend from 100.83, then next target would be at 103.00 area. However, as long as 102.13 resistance holds, range trading between 101.25...

AUDUSD Daily Analysis – June 2, 2014

by ForexCycle.com | June 2, 2014 3:31 am
AUDUSD’s bounce from 0.9208 extended to as high as 0.9329, the subsequent fall indicate that the bounce had completed, another fall to test 0.9202 support would likely be seen, a breakdown below this level will signal resumption...

GBPUSD Daily Analysis – June 2, 2014

by ForexCycle.com | June 2, 2014 3:30 am
GBPUSD remains in downtrend from 1.6920, the rise from 1.6692 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.6600 area. Resistance is at 1.6800,...

EURUSD Daily Analysis – June 2, 2014

by ForexCycle.com | June 2, 2014 3:30 am
EURUSD remains in downtrend from 1.3993, the rise from 1.3586 is likely consolidation of the downtrend. Resistance is at 1.3668, as long as this level holds, the downtrend could be expected to continue, and next target would...

USDCAD Weekly Analysis – May 31, 2014

by ForexCycle.com | May 31, 2014 5:41 am
USDCAD is facing 1.0813 support, a breakdown below this level will signal resumption of the downtrend from 1.1278, then next target would be at 1.0650 area. Resistance levels are at 1.0945 and 1.1053, only break above these...

USDCHF Weekly Analysis – May 31, 2014

by ForexCycle.com | May 31, 2014 5:40 am
USDCHF is facing the resistance of the price channel on daily chart. As long as the channel resistance holds, the price action from 0.8699 could be treated as consolidation of the downtrend from 0.9751 (Jul 9, 2013...

USDJPY Weekly Analysis – May 31, 2014

by ForexCycle.com | May 31, 2014 5:40 am
USDJPY moved sideways above 100.75 key support. As long as this level holds, the price action from 105.44 could be treated as consolidation of the uptrend from 93.79 (Jun 13, 2013 low), one more rise to 100.00...

AUDUSD Weekly Analysis – May 31, 2014

by ForexCycle.com | May 31, 2014 5:39 am
AUDUSD stays in a trading range between 0.9202 and 0.9461. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, one more rise to 0.9550...