USDJPY Daily Analysis – June 24, 2014

by ForexCycle.com | June 24, 2014 3:37 am
USDJPY continued its sideways movement in a range between 101.60 and 102.35. As long as 102.35 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 102.79, one more fall to 101.00 area...

AUDUSD Daily Analysis – June 24, 2014

by ForexCycle.com | June 24, 2014 3:36 am
AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9208. Support is located at the trend line, as long as the trend line support holds, the uptrend could be expected to...

GBPUSD Daily Analysis – June 24, 2014

by ForexCycle.com | June 24, 2014 3:35 am
GBPUSD remains in uptrend from 1.6692, the fall from 1.7062 could be treated as consolidation of the uptrend. Support is at the lower line of the price channel on 4-hour chart, as long as the channel support...

EURUSD Daily Analysis – June 24, 2014

by ForexCycle.com | June 24, 2014 3:35 am
EURUSD remains in short term uptrend from 1.3512. Another rise to test 1.3676 resistance would likely be seen, a break above this level will signal completion of the longer term downtrend from 1.3993 (May 8 high), then...

USDCAD Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:55 am
USDCAD’s downward movement from 1.0960 extended to as low as 1.0726. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance is at 1.0785, as long as this level...

USDCHF Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:55 am
USDCHF failed to break below 0.8907 support, indicating that lengthier sideways movement in a range between 0.8907 and 0.9036 is underway. Another rise to test 0.9036 resistance is possible, a break above this level will signal resumption...

USDJPY Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:53 am
USDJPY moved sideways in a trading range between 101.60 and 102.35. Resistance is at 102.35, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 102.79,...

AUDUSD Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:53 am
AUDUSD broke above 0.9437 resistance, indicating that the uptrend from 0.9208 has resumed. Further rise could be expected, and next target would be at 0.9550 area. Support levels are at 0.9370 and 0.9321, only break below these...

GBPUSD Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:52 am
GBPUSD’s upward movement from 1.6692 extended to as high as 1.7062. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to...

EURUSD Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:52 am
EURUSD formed a sideways consolidation in a range between 1.3502 and 1.3676. Resistance is at 1.3676, a break above this level will indicate that the downtrend from 1.3993 (May 8 high) had completed at 1.3502 already, then...