AUDUSD Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:31 am
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9229. Support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected...

GBPUSD Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:27 am
GBPUSD’s upward movement from 1.6692 extended to as high as 1.6958. Further rise to test 1.6996 resistance could be expected, a break of this level will signal resumption of the longer term uptrend from 1.4813 (Jul 9,...

EURUSD Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:26 am
Being contained by 1.3502 support, EURUSD rebounded from 1.3512. However, another fall to re-test this support is still possible, a breakdown below this level will signal resumption of the downtrend from 1.3993, then next target would be...

USDCAD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 4:00 am
USDCAD continued its downward movement from 1.0960, and the fall extended to as low as 1.0860. Further decline could be expected, and next target would be at 1.0750 area. Resistance is at 1.0895, only break above this...

USDCHF Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 4:00 am
USDCHF stays in a trading range between 0.8907 and 0.9036. Resistance is at 0.9036, a break above this level could signal resumption of the uptrend from 0.8702, then the following upward movement could bring price to 0.9200...

USDJPY Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:59 am
USDJPY broke below 102.11 support, indicating that the uptrend from 100.83 had completed at 102.79 already. Deeper decline would likely be seen, and next target would be at 101.30 area. Resistance is at 102.40, only break above...

AUDUSD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:59 am
AUDUSD remains in uptrend, the fall from 0.9410 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.0450 area. Support is at 0.9320, only break below this...

GBPUSD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:57 am
GBPUSD remains in uptrend from 1.6692, the fall from 1.6844 could be treated as consolidation of the uptrend. Resistance is at 1.6844, a break above this level will signal resumption of the uptrend, then next target would...

EURUSD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:57 am
EURUSD stays in a trading range between 1.3502 and 1.3676. Support is at 1.3502, a breakdown below this level will indicate that the downtrend from 1.3993 has resumed, then the following downward move could bring price to...

USDCAD Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:59 am
USDCAD’s downward movement from 1.0960 extended to as low as 1.0887. Further decline would likely be seen, and next target would be at 1.0840 area. Resistance is at 1.0960, only break above this level could trigger another...