GBPUSD Analysis – June 23, 2013

by ForexCycle.com | June 23, 2013 4:09 am
GBPUSD remains in uptrend from 1.4831, the price action from 1.5605 could be treated as consolidation of the uptrend. Pullback to test the support of the lower line of the price channel on daily chart would likely...

EURUSD Analysis – June 23, 2013

by ForexCycle.com | June 23, 2013 4:07 am
EURUSD broke below 1.3170 support, suggesting that the uptrend from 1.2796 had completed at 1.3415 already, deeper decline could be expected, and the target would be at the lower line of the price channel on daily chart.

USDCAD Analysis – June 15, 2013

by ForexCycle.com | June 15, 2013 10:29 am
USDCAD’s downward movement from 1.0420 extends to as low as 1.0137. Further decline to test 1.0013 key support could be expected next week, a breakdown below this level will indicate that the longer term uptrend from 0.9632...

USDCHF Analysis – June 15, 2013

by ForexCycle.com | June 15, 2013 10:28 am
USDCHF breaks below 0.9206 support, suggesting that the upward movement from 0.9021 had completed at 0.9838 already. The pair is now in downtrend from 0.9838, further decline could be expected after a minor consolidation, and next target...

USDJPY Analysis – June 15, 2013

by ForexCycle.com | June 15, 2013 10:27 am
USDJPY is now in downtrend from 103.73. Further decline would likely be seen in a couple weeks, and next target would be at 90.00 area. Resistance is at 98.00 only break above this level will indicate that...

AUDUSD Analysis – June 15, 2013

by ForexCycle.com | June 15, 2013 10:27 am
AUDUSD continues its downward movement from 1.0582, and the fall extends to as low as 0.9326. Further decline is still possible after a minor consolidation, and next target would be at 0.9200 area.

GBPUSD Analysis – June 15, 2013

by ForexCycle.com | June 15, 2013 10:26 am
GBPUSD’s upward movement from 1.5008 extends to as high as 1.5736. Further rise would likely be seen next week, and next target would be at 1.6000 area. Support is at 1.5490, as long as this level holds,...

EURUSD Analysis – June 15, 2013

by ForexCycle.com | June 15, 2013 10:25 am
EURUSD’s upward movement from 1.2796 extends to as high as 1.3390. Further rise could be expected next week, and next target would be at 1.3500 – 1.3600 area. Support is at 1.3170, only break below this level...

USDCAD Analysis – June 9, 2013

by ForexCycle.com | June 9, 2013 2:32 am
USDCAD breaks below 1.0250 support, suggesting hat the uptrend from 1.0013 had completed at 1.0420 already. Further decline could be expected, and next target would be at 1.0050 area.

USDCHF Analysis – June 9, 2013

by ForexCycle.com | June 9, 2013 2:32 am
USDCHF is facing 0.9206 support, a breakdown below this level will confirm that the uptrend from 0.9021 had completed at 0.9838 already, then next target would be at 0.9000 area.