USDCAD Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:55 am
USDCAD’s downward movement from 1.0960 extended to as low as 1.0726. Further decline is still possible after a minor consolidation, and next target would be at 1.0600 area. Resistance is at 1.0785, as long as this level...

USDCHF Daily Analysis – June 23, 2014

by ForexCycle.com | June 23, 2014 2:55 am
USDCHF failed to break below 0.8907 support, indicating that lengthier sideways movement in a range between 0.8907 and 0.9036 is underway. Another rise to test 0.9036 resistance is possible, a break above this level will signal resumption...

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 Daily Analysis – June 20, 2014

by ForexCycle.com | June 20, 2014 1:14 am
USDCAD continued its downward movement from 1.0960, and the fall extended to as low as 1.0810. Further decline could be expected in a couple of days, and next target would be at 1.0700 area. Resistance is located...

USDCHF Daily Analysis – June 20, 2014

by ForexCycle.com | June 20, 2014 1:13 am
USDCHF is facing 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. Resistance is at 0.8955,...

USDJPY Daily Analysis – June 20, 2014

by ForexCycle.com | June 20, 2014 1:13 am
USDJPY stays in a trading range between 101.60 and 102.35. As long as 102.35 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 102.79, another fall to test 100.82...

AUDUSD Daily Analysis – June 20, 2014

by ForexCycle.com | June 20, 2014 1:12 am
AUDUSD is facing 0.9437 resistance, a break above this level will signal resumption of the uptrend from 0.9208, then next target would be at 0.9500 area. Key support is at 0.9321, only break below this level will...