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...

GBPUSD Daily Analysis – June 4, 2014

by ForexCycle.com | June 4, 2014 3:51 am
GBPUSD remains in downtrend from 1.6920, the rise from 1.6692 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.6600 area. Resistance is now at...

EURUSD Daily Analysis – June 4, 2014

by ForexCycle.com | June 4, 2014 3:49 am
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668. The price action in the range is likely consolidation of the downtrend from 1.3993. As long as 1.3668 resistance holds, the downtrend could be expected to...

USDCAD Daily Analysis – June 3, 2014

by ForexCycle.com | June 3, 2014 4:04 am
USDCAD failed to break below 1.0813 support and stayed in a trading range between 1.0813 and 1.0941. As long as 1.0941 resistance holds, the price action in the range could be treated as consolidation of the downtrend...

USDCHF Daily Analysis – June 3, 2014

by ForexCycle.com | June 3, 2014 4:03 am
USDCHF’s upward movement from 0.8702 extended to as high as 0.8994. Further rise is still possible, and next target would be at 0.9050 area. Support is at 0.8932, only break below this level will indicate that the...

USDJPY Daily Analysis – June 3, 2014

by ForexCycle.com | June 3, 2014 4:02 am
USDJPY broke above 102.13 resistance, indicating that the uptrend from 100.83 has resumed. Further rise could be expected and next target would be at 103.00 area. Support is now located at the upward trend line on 4-hour...