Daily Forex Analysis – June 24, 2013

by ForexCycle.com | June 24, 2013 02:59
USDJPY Analysis. USDJPY’s upward movement from 93.79 extends to as high as 98.56. Further rise would likely be seen, and next target would be at 100.00 area. However, the rise from 93.79 would possibly be correction of...

Daily Forex Analysis – June 21, 2013

by ForexCycle.com | June 21, 2013 03:50
USDCAD Analysis. USDCAD’s upward movement from 1.0137 extends to as high as 1.0393. Further rise to test 1.0420 previous high resistance could be expected, and a break above this level will indicate that the long term uptrend...

Daily Forex Analysis – June 20, 2013

by ForexCycle.com | June 20, 2013 02:23
USDCAD Analysis. USDCAD broke above the resistance of the upper line of the price channel on 4-hour chart, and is now in uptrend from 1.0137, and the rise extends to as high as 1.0290. Further rise could...

Daily Forex Analysis – June 19, 2013

by ForexCycle.com | June 19, 2013 04:00
USDCHF Analysis. Being contained by the resistance of the upper line of the price channel on 4-hour chart, USDCHF pulls back from 0.9271, suggesting that the pair remains in downtrend from 0.9838, and the rise from 0.9130...

Daily Forex Analysis – June 18, 2013

by ForexCycle.com | June 18, 2013 01:55
EURUSD Analysis. EURUSD remains in uptrend from 1.2796, the fall from 1.3390 is treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart. As long as...

Daily Forex Analysis – June 17, 2013

by ForexCycle.com | June 17, 2013 01:36
USDCHF Analysis. USDCHF is facing the resistance of the upper line the price channel again. As long as the channel resistance holds, the rise from 0.9130 could be treated as consolidation of the downtrend from 0.9838, one...

Daily Forex Analysis – June 14, 2013

by ForexCycle.com | June 14, 2013 04:56
USDCHF Analysis. USDCHF continues its downward movement from 0.9838, and the fall extends to as low as 0.9130. Resistance is located at the upper line of the downward price channel on 4-hour chart, as long as the...

Daily Forex Analysis – June 13, 2013

by ForexCycle.com | June 13, 2013 02:04
AUDUSD Analysis. AUDUSD remains in downtrend from 1.0582 (Apr 11 high), the bounce from 0.9326 is likely consolidation of the downtrend. Key resistance is located at the upper line of the price channel on 4-hour chart, as...

Daily Forex Analysis – June 12, 2013

by ForexCycle.com | June 12, 2013 00:41
GBPUSD Analysis. GBPUSD is facing 1.5683 resistance, a break above this level will signal resumption of the uptrend from 1.5008, then next target would be at 1.5700 area. Initial support is at the upward trend line on...

Daily Forex Analysis – June 11, 2013

by ForexCycle.com | June 10, 2013 23:44
GBPUSD Analysis. GBPUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.5683 could be treated as consolidation of the uptrend from 1.5008,...