GBPUSD Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:55 am
GBPUSD is facing 1.6735 support, a breakdown below this level will signal completion of the uptrend from 1.6692, then the following downward movement could bring price to 1.6600 area. On the upside, as long as 1.6735 support...

EURUSD Daily Analysis – June 11, 2014

by ForexCycle.com | June 11, 2014 4:55 am
EURUSD is facing 1.3502 support, a breakdown below this level will signal resumption of the downtrend from 1.3993, then next target would be at 1.3350 area. However, as long as 1.3502 support holds, the fall from 1.3676...

GBP/JPY Range Setup (June 10, 2014)

by Kate Curtis | June 10, 2014 9:21 am
GBP/JPY has been moving inside a range for more than a couple of months already and it looks like the pair is gearing up for a test of resistance at the 173.00 major psychological handle. A strong...

GBP/USD Forecast June 10, 2014, Technical Analysis

by FX Empire | June 10, 2014 9:15 am
The GBP/USD pair rose during the beginning of the session on Monday, but eventually turned back around to form a shooting star for the second session in a row. With this, we feel that this market will...

EUR/USD Forecast June 10, 2014, Technical Analysis

by FX Empire | June 10, 2014 9:12 am
The EUR/USD pair initially tried to rally during the session on Monday, but turned things back around and fell relatively hard. The 1.36 level has been somewhat supportive lately, so we are looking for supportive candles in...

AUD/USD Forecast June 10, 2014, Technical Analysis

by FX Empire | June 10, 2014 9:05 am
The AUD/USD pair rose during the course of the session on Monday, but found enough resistance to push the market back about half of the range. With that, we feel that the market could pull back from...

USDCAD Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:30 am
USDCAD broke below 1.0900 support, indicating that the uptrend from 1.0822 had completed at 1.0960 already. Deeper decline would likely be seen, and next target would be at 1.0840 area. Resistance is at 1.0960, only break above...

USDCHF Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:30 am
USDCHF remains in downtrend from 0.9036, the rise from 0.8907 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 0.8800 area. Resistance is at 0.9036,...

USDJPY Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:29 am
USDJPY stays in a rising price channel on 4-hour chart, and remains in uptrend from 100.83, the fall from 102.79 is likely consolidation of the uptrend. Initial support is located at the lower line of the channel,...

AUDUSD Daily Analysis – June 10, 2014

by ForexCycle.com | June 10, 2014 3:28 am
AUDUSD remains in uptrend from 0.9208. Further rise could be expected after a minor consolidation, and next target would be at 0.9420 area. Support is at 0.9270, only break below this level could signal completion of the...