GBPUSD Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 1:58 am
GBPUSD’s pullback from 1.7062 extended to as low as 1.6952. As long as 1.6921 support holds, the fall could be treated as consolidation of the uptrend from 1.6692, one more rise towards 1.7300 is still possible after...

EURUSD Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 1:58 am
EURUSD’s short term upward movement from 1.3512 extended to as high as1.3651. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be...

USDCAD Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:32 am
USDCAD remains in downtrend from 1.0960, the rise from 1.0715 could be treated as consolidation of the downtrend. Another fall could be expected, and next target would be at 1.0600 area. Resistance is at 1.0780, only break...

USDCHF Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:31 am
USDCHF is facing 0.8907 support again, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then deeper decline to 0.8800 area could be seen. Near tern...

USDJPY Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:30 am
USDJPY moved sideways in a range between 101.60 and 102.35. The sideways movement is likely consolidation of the downtrend from 102.79, one more fall to 101.00 area is still possible after consolidation. Resistance is at 102.35, only...

AUDUSD Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:30 am
Being contained by 0.9461 (Apr 10 high) resistance, AUDUSD pulled back from 0.9444, indicating that lengthier consolidation for the uptrend from 0.9208 is needed. Range trading between 0.9321 and 0.9444 would likely be seen in a couple...

GBPUSD Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:29 am
GBPUSD broke below the lower line of the price channel on 4-hour chart, indicating that lengthier consolidation of the uptrend from 1.6692 is underway. Range trading between 1.6921 and 1.7062 would likely be seen in a couple...

EURUSD Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:28 am
EURUSD moved sideways in a narrow range between 1.3564 and 1.3643. Support is at 1.3564, as long as this level holds, the price action in the range could be treated as consolidation of the short term uptrend...

USDCAD Daily Analysis – June 24, 2014

by ForexCycle.com | June 24, 2014 3:38 am
USDCAD continued its downward movement from 1.0960 and the fall extended to as low as 1.0716. Resistance is at 1.0780, as long as this level holds, further decline could be expected, and next target would be at...

USDCHF Daily Analysis – June 24, 2014

by ForexCycle.com | June 24, 2014 3:37 am
USDCHF stays in a trading range between 0.8907 and 0.9036. Another rise to test 0.9036 resistance would likely be seen, a break above this level will indicate that the longer term uptrend from 0.8703 (May 8 low)...