EURUSD Daily Analysis – November 11, 2014

by ForexCycle.com | November 11, 2014 3:32 am
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867, the rise from 1.2358 could be treated as consolidation of the downtrend. Resistance is located at the upper line of the...

USDCAD Daily Analysis – November 10, 2014

by ForexCycle.com | November 10, 2014 3:53 am
USDCAD broke below 1.1330 support, indicating that the uptrend from 1.1121 had completed at 1.1466 already. Deeper decline could be expected, and next target would be at 1.1250 area. Resistance is at 1.1466, only break above this...

USDCHF Daily Analysis – November 10, 2014

by ForexCycle.com | November 10, 2014 3:52 am
USDCHF’s upward movement from 0.9370 extended to as high as 0.9739, the subsequent fall is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart, as long as the channel...

USDJPY Daily Analysis – November 10, 2014

by ForexCycle.com | November 10, 2014 3:52 am
USDJPY remains in uptrend from 105.32, the fall from 115.50 is likely consolidation of the uptrend. Range trading between 113.17 and 115.50 would likely be seen in a couple of days. As long as 113.17 support holds,...

AUDUSD Daily Analysis – November 10, 2014

by ForexCycle.com | November 10, 2014 3:51 am
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.8910 had completed at 0.8540 already. Further rise would likely be seen, and the target would be at 1.8750 area. Support is...

GBPUSD Daily Analysis – November 10, 2014

by ForexCycle.com | November 10, 2014 3:51 am
GBPUSD is in downtrend from 1.6182, the rise from 1.5790 is likely consolidation of the downtrend. Resistance is located at the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could...

EURUSD Daily Analysis – November 10, 2014

by ForexCycle.com | November 10, 2014 3:50 am
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...

GBPUSD Downtrend Resistance (Nov 10, 2014)

by Kate Curtis | November 10, 2014 3:06 am
GBPUSD has been steadily moving lower, as a descending trend line can be drawn to connect the recent highs of price action. At the same time, stochastic is indicating overbought conditions, suggesting that sellers could take control...

USDCAD Weekly Analysis – November 9, 2014

by ForexCycle.com | November 9, 2014 9:05 am
USDCAD’s upward movement from 1.0619 extended to as high as 1.1466. Support is located at the bottom of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to...

USDCHF Weekly Analysis – November 9, 2014

by ForexCycle.com | November 9, 2014 9:05 am
USDCHF stays in the upward price channel on daily chart, and remains in uptrend from 0.8703, and the rise extended to as high as 0.9739. Near term support is at the bottom of the price channel on...