USDJPY Daily Analysis – June 18, 2014

by ForexCycle.com | June 18, 2014 3:06 am
USDJPY’s upward movement from 101.60 extended to as high as 102.23. Further rise is still possible, and next target would be at 102.60 area. Support is at 101.60, only break below this level could trigger another fall...

AUDUSD Daily Analysis – June 18, 2014

by ForexCycle.com | June 18, 2014 3:05 am
AUDUSD broke below 0.9349 support, indicating that the uptrend from 0.9208 had completed at 0.9437 already. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance levels are at 0.9385 and 0.9437,...

GBPUSD Daily Analysis – June 18, 2014

by ForexCycle.com | June 18, 2014 3:04 am
GBPUSD is in consolidation of the uptrend from 1.6692. Range trading between 1.6900 and 1.7010 would likely be seen in a couple of days. Support is at 1.6900, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – June 18, 2014

by ForexCycle.com | June 18, 2014 3:04 am
EURUSD remains in downtrend from 1.3676, the range trading between 1.3512 and 1.3586 is likely consolidation of the downtrend. Another fall to test 1.3502 support could be expected, a breakdown below this level will signal resumption of...

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...