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...

USDCAD Weekly Analysis – June 22, 2014

by ForexCycle.com | June 22, 2014 1:13 pm
USDCAD broke below 1.0813 support, indicating that the downtrend from 1.1278 has resumed. Key resistance is at 1.0960, as long as this level holds, further decline could be expected, and next target would be at 1.0500 area....

USDCHF Weekly Analysis – June 22, 2014

by ForexCycle.com | June 22, 2014 1:13 pm
USDCHF remains in downtrend from 0.9838 (May 22, 2013 high), the price action from 0.8699 could be treated as consolidation of the downtrend. Key resistance is at 0.9156, as long as this level holds, the downtrend could...

USDJPY Weekly Analysis – June 22, 2014

by ForexCycle.com | June 22, 2014 1:12 pm
USDJPY continued moving sideways in a range between 100.75 and 105.44. The price action in the range is likely consolidation of the uptrend from 93.79 (Jun 13, 2013 low). As long as 100.75 support holds, one more...

AUDUSD Weekly Analysis – June 22, 2014

by ForexCycle.com | June 22, 2014 1:11 pm
AUDUSD stays in a trading range between 0.9202 and 0.9461. As long as 0.9202 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, and further rise to...

GBPUSD Weekly Analysis – June 22, 2014

by ForexCycle.com | June 22, 2014 1:11 pm
GBPUSD broke above 1.6996 resistance, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected, and next target would be at 1.7300 area. Key support is at 1.6692, only break...

EURUSD Weekly Analysis – June 22, 2014

by ForexCycle.com | June 22, 2014 1:10 pm
EURUSD remains in uptrend from 1.2747 (Apr 4, 2013 low), as long as 1.3477 support holds, the price action from 1.3892 could be treated as consolidation of the uptrend. Near term resistance is at 1.3680, a break...