GBPUSD Daily Analysis – June 27, 2014

by ForexCycle.com | June 27, 2014 4:38 am
GBPUSD is facing 1.7062 resistance, a break above this level will signal resumption of the uptrend from 1.6692, then next target would be at 1.7200 area. Key support is at 1.6921, only break below this level will...

EURUSD Daily Analysis – June 27, 2014

by ForexCycle.com | June 27, 2014 4:37 am
EURUSD remains in short term uptrend from 1.3512, as long as 1.3564 support holds, the uptrend could be expected to continue, and another rise to test 1.3676 resistance is still possible. Only break below 1.3564 support will...

USDCAD Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 2:01 am
USDCAD is in consolidation of the downtrend from 1.0960, range trading between 1.0715 and 1.0780 would likely be seen in a couple of days. Resistance is at 1.0780, as long as this level holds, the downtrend could...

USDCHF Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 2:00 am
USDCHF is testing 0.8907 support, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then next target would be at 0.8800 area. Near tern resistance is...

USDJPY Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 2:00 am
USDJPY is facing 101.60 support, a breakdown below this level will signal resumption of the downtrend from 102.79, then next target would be at 101.00 area. On the upside, as long as 101.60 support holds, the sideways...

AUDUSD Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 1:59 am
AUDUSD stays in a trading range between 0.9321 and 0.9444. As long as 0.9321 support holds, the price action in the range could be treated as consolidation of the uptrend, another rise to test 0.9461 (Apr 10...

GBPUSD Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 1:58 am
GBPUSD’s pullback from 1.7062 extended to as low as 1.6952. As long as 1.6921 support holds, the fall could be treated as consolidation of the uptrend from 1.6692, one more rise towards 1.7300 is still possible after...

EURUSD Daily Analysis – June 26, 2014

by ForexCycle.com | June 26, 2014 1:58 am
EURUSD’s short term upward movement from 1.3512 extended to as high as1.3651. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be...

USDCAD Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:32 am
USDCAD remains in downtrend from 1.0960, the rise from 1.0715 could be treated as consolidation of the downtrend. Another fall could be expected, and next target would be at 1.0600 area. Resistance is at 1.0780, only break...

USDCHF Daily Analysis – June 25, 2014

by ForexCycle.com | June 25, 2014 3:31 am
USDCHF is facing 0.8907 support again, a breakdown below this level will confirm that the uptrend from 0.8703 (May 8 low) had completed at 0.9036 already, then deeper decline to 0.8800 area could be seen. Near tern...