GBPUSD Daily Analysis – October 27, 2014

by ForexCycle.com | October 27, 2014 4:11 am
GBPUSD continued its sideways movement in a range between 1.5874 and 1.6226. Resistance is at 1.6226, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from...

EURUSD Daily Analysis – October 27, 2014

by ForexCycle.com | October 27, 2014 4:10 am
EURUSD is now in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend. Further decline to test 1.2500 support would likely be seen, a breakdown below this level will signal resumption of the...

USDCAD Weekly Analysis – October 26, 2014

by ForexCycle.com | October 26, 2014 4:07 am
USDCAD remains in uptrend from 1.0619, the fall from 1.1385 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the...

USDCHF Weekly Analysis – October 26, 2014

by ForexCycle.com | October 26, 2014 4:07 am
USDCHF failed to break below the support of the upward price channel on daily chart, indicating that the pair remains in uptrend from 0.8703, and the fall from 0.9687 could be treated as consolidation of the uptrend....

USDJPY Weekly Analysis – October 26, 2014

by ForexCycle.com | October 26, 2014 4:06 am
USDJPY remains in uptrend from 101.06, the fall from 110.08 could be treated as consolidation of the uptrend. Resistance is at 110.08, a break of this level will indicate that the uptrend has resumed, then next target...

AUDUSD Weekly Analysis – October 26, 2014

by ForexCycle.com | October 26, 2014 4:05 am
AUDUSD remains in downtrend from 0.9504, the sideways movement in a range between 0.8642 and 0.8898 is likely consolidation of the downtrend. Near term resistance is at 0.8898, as long as this level holds, the downtrend could...

GBPUSD Weekly Analysis – October 26, 2014

by ForexCycle.com | October 26, 2014 4:05 am
GBPUSD remains in downtrend from 1.7190, the price action from 1.6051 is likely consolidation of the downtrend. Resistance levels are at 1.6230 and 1.6524, as long as these levels hold, the downtrend could be expected to resume,...

EURUSD Weekly Analysis – October 26, 2014

by ForexCycle.com | October 26, 2014 4:04 am
EURUSD failed to break above the resistance of the downward price channel on daily chart, indicating that the pair remains in downtrend from 1.3993, and the rise from 1.2500 could be treated as consolidation of the downtrend....

USDCAD Daily Analysis – October 24, 2014

by ForexCycle.com | October 24, 2014 3:27 am
USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 is likely consolidation of the uptrend. Deeper decline is still possible, and the target would be at 1.1150 area. Resistance is at 1.1300, a...

USDCHF Daily Analysis – October 24, 2014

by ForexCycle.com | October 24, 2014 3:26 am
USDCHF remains in uptrend from 0.9370, and the rise extended to as high as 0.9557. Further rise could be expected, and next target would be at 0.9650 area. Support is at 0.9440, only break below this level...