USDCAD Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:54 am
USDCAD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.0960. As long as the channel resistance holds, the downtrend could be expected to continue, and further decline to test 1.0813 support...

USDCHF Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:54 am
USDCHF is facing 0.9036 resistance, a break above this level will signal resumption of the uptrend from 0.8702, then next target would be at 0.9200 area. Near term support is at 0.8959, a breakdown below this level...

USDJPY Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:53 am
USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 102.79, the rise from 101.60 could be treated as consolidation of the downtrend. Resistance is at the upper line of the channel,...

AUDUSD Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:52 am
AUDUSD remains in uptrend from 0.9229, the fall from 0.9437 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hour chart, as long as the channel support...

GBPUSD Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:51 am
GBPUSD is facing 1.6996 resistance, a break above this level will indicate that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed, then the following upward movement could bring price to 1.7300 area. Near term support...

EURUSD Daily Analysis – June 16, 2014

by ForexCycle.com | June 16, 2014 12:51 am
EURUSD stays in a trading range between 1.3512 and 1.3578. Another fall to test 1.3502 support would likely be seen, a breakdown below this level will indicate that the downtrend from 1.3993 has resumed, then next target...

USDCAD Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:36 am
USDCAD’s downward movement from 1.0960 extended to as low as 1.0841. Further decline to test 1.0813 support could be expected, a breakdown below this level will signal resumption of the longer term downtrend from 1.1278 (Mar 20...

USDCHF Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:35 am
Being contained by 0.9036 resistance, USDCHF pulled back from 0.9011. However, another rise to test 0.9036 resistance is still possible, a break above this level will signal resumption of the uptrend from 0.8702, then next target would...

USDJPY Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:33 am
USDJPY is now in downtrend from 102.79, and the fall extended to as low as 101.60. Further decline would likely be seen after a minor consolidation, and next target would be at 101.00 area. Resistance is now...

AUDUSD Daily Analysis – June 13, 2014

by ForexCycle.com | June 13, 2014 1:31 am
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.9229. Support is located at the bottom of the channel, as long as the channel support holds, the uptrend could be expected...