USDCAD Daily Analysis – June 17, 2014

by ForexCycle.com | June 17, 2014 3:18 am
USDCAD remains in downtrend from 1.0960. Further decline to test 1.0813 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 1.1278 (Mar 20 high), then next target would be...

USDCHF Daily Analysis – June 17, 2014

by ForexCycle.com | June 17, 2014 3:18 am
USDCHF stays in a narrow range between 0.8959 and 0.9012. As long as 0.8959 support holds the price action in the range could be treated as consolidation of the uptrend from 0.8907, another rise to test 0.9036...

USDJPY Daily Analysis – June 17, 2014

by ForexCycle.com | June 17, 2014 3:17 am
USDJPY broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 102.79 had completed at 101.60 already. Further rise would likely be seen, and next target would be at 102.50...

AUDUSD Daily Analysis – June 17, 2014

by ForexCycle.com | June 17, 2014 3:16 am
AUDUSD broke below the lower line of the price channel on 4-hour chart, and is now facing 0.9349 support, a breakdown below this level will indicate that the uptrend from 0.9229 had completed at 0.9437 already, then...

GBPUSD Daily Analysis – June 17, 2014

by ForexCycle.com | June 17, 2014 3:16 am
GBPUSD remains in uptrend from 1.6692, the fall from 1.7010 is likely consolidation of the uptrend. Support is at 1.6900, as long as this level holds, the uptrend could be expected to resume, and next target would...

EURUSD Daily Analysis – June 17, 2014

by ForexCycle.com | June 17, 2014 3:15 am
EURUSD broke above 1.3578 resistance, indicating that the downward movement from 1.3676 had completed at 1.3512 already. Further rise could be expected, and next target would be at 1.3650 area. Support is at 1.3512, only break below...

USDCAD Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:54 am
USDCAD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0960. As long as the channel resistance holds, the downtrend could be expected to continue, and further decline to test 1.0813 support...

USDCHF Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:54 am
USDCHF is facing 0.9036 resistance, a break above this level will signal resumption of the uptrend from 0.8702, then next target would be at 0.9200 area. Near term support is at 0.8959, a breakdown below this level...

USDJPY Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:53 am
USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 102.79, the rise from 101.60 could be treated as consolidation of the downtrend. Resistance is at the upper line of the channel,...

AUDUSD Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:52 am
AUDUSD remains in uptrend from 0.9229, the fall from 0.9437 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hour chart, as long as the channel support...