USDCAD Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:18 am
USDCAD continued its upward movement from 1.0822, and the rise extended to as high as 1.0955. Further rise could be expected after a minor consolidation, and next target would be at 1.0980 area. Support is at 1.0900,...

USDCHF Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:17 am
USDCHF remains in uptrend from 0.8702, the fall from 0.8995 is likely consolidation of the uptrend. Support is at 0.8932, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDJPY Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:17 am
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 100.83, and the rise extended to as high as 102.79. Further rise could be expected and next target would be at 103.50...

AUDUSD Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:16 am
AUDUSD continued its sideways movement in a range between 0.9208 and 0.9329. Support is at 0.9202, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement...

GBPUSD Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:15 am
GBPUSD moved sideways in a range between 1.6692 and 1.6782. As long as 1.6782 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6920, one more fall to 1.6600...

EURUSD Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:14 am
EURUSD continued its sideways movement in a range between 1.3586 and 1.3668. As long as 1.3668 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993, another fall to...

USDCAD Daily Analysis – June 4, 2014

by ForexCycle.com | June 4, 2014 3:59 am
USDCAD’s upward movement from 1.0822 extended to as high as 1.0935. Further rise is still possible and next target would be at 1.0980 area. Support is at 1.0890, only break below this level could bring price back...

USDCHF Daily Analysis – June 4, 2014

by ForexCycle.com | June 4, 2014 3:58 am
USDCHF remains in uptrend from 0.8702, as long as 0.8932 support holds, the uptrend could be expected to continue, and next target would be at 0.9050 area. Only a breakdown below 0.8932 support will indicate that the...

USDJPY Daily Analysis – June 4, 2014

by ForexCycle.com | June 4, 2014 3:57 am
USDJPY’s upward movement from 100.83 extended to as high as 102.74. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...

AUDUSD Daily Analysis – June 4, 2014

by ForexCycle.com | June 4, 2014 3:52 am
AUDUSD stays in a trading range between 0.9208 and 0.9329. Another fall to test 0.9202 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then...