USDCAD Daily Analysis – July 1, 2014

by ForexCycle.com | July 1, 2014 3:43 am
USDCAD’s downward movement from 1.0960 extended to as low as 1.0646. Further decline could be expected after a minor consolidation, and next target would be at 1.0500 area. Resistance is at 1.0710, as long as this level...

USDCHF Daily Analysis – July 1, 2014

by ForexCycle.com | July 1, 2014 3:42 am
USDCHF’s downward movement from 0.9012 extended to as low as 0.8861. Further decline is still possible after a minor consolidation, and next target would be at 0.8800 area. Near term resistance is at 0.8900, and the key...

USDJPY Daily Analysis – July 1, 2014

by ForexCycle.com | July 1, 2014 3:41 am
USDJPY remains in downtrend from 102.79, the rise from 101.23 is likely consolidation of the downtrend. Resistance is at 101.85, as long as this level holds, the downtrend could be expected to continue, and next target would...

AUDUSD Daily Analysis – July 1, 2014

by ForexCycle.com | July 1, 2014 3:41 am
AUDUSD moved sideways in a trading range between 0.9321 and 0.9444. As long as 0.9321 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9208, another rise to...

GBPUSD Daily Analysis – July 1, 2014

by ForexCycle.com | July 1, 2014 3:40 am
GBPUSD’s upward movement from 1.6692 extended to as high as 1.7114. Near term support is at 1.7050, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7200...

EURUSD Daily Analysis – July 1, 2014

by ForexCycle.com | July 1, 2014 3:40 am
EURUSD broke above 1.3676 key resistance, indicating that the downtrend from 1.3993 (May 8 high) had completed at 1.3502 already. Near term support is at 1.3650, as long as this level holds, the uptrend from 1.3512 could...