USDCAD Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:41 am
USDCAD formed a sideways movement in a range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3793 and further...

USDJPY Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:40 am
USDJPY moved sideways in a trading range between 110.23 and 112.13. Support is at 110.23, a breakdown below this level could bring price to next support level at around 109.60. Near term resistance is at 111.50, only...

AUDUSD Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:39 am
AUDUSD is facing 0.7416 support, a breakdown below this level could signal resumption of the downtrend from 0.7517, then deeper decline to 0.7350 area could be seen. Resistance is at 0.7475, above this level could take price...

GBPUSD Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:38 am
GBPUSD is facing the resistance of the bottom trend line of the price channel on 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of...

EURUSD Daily Analysis – June 1, 2017

by ForexCycle.com | June 1, 2017 1:37 am
EURUSD broke above the top trend line of the price channel on its 4-hour chart, indicating that the short term downtrend from 1.1267 had completed at 1.1109 already. Now the pair is facing 1.1267 resistance, a break...