USDCAD Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:30 am
USDCAD continued its downward movement from 1.1385, and the fall extended to as low as 1.1121. Resistance is at 1.1265, as long as this level holds, further decline is still possible, and next target would be at...

USDCHF Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:29 am
USDCHF broke above 0.9557 resistance, indicating that the uptrend from 0.9370 has resumed. Further rise to test 0.9687 resistance would likely be seen. Support is at 0.9440, only break below this level could trigger another fall to...

USDJPY Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:28 am
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 109.11. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, further...

AUDUSD Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:28 am
After touching 0.8898 resistance, AUDUSD pulled back into the trading range between 0.8642 and 0.8898, indicating that the pair remains in downtrend from 0.9401 (Sept 5 high), and the sideways movement in the range could be treated...

GBPUSD Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:27 am
GBPUSD failed to break above 1.6226 resistance, indicating that the pair remains in downtrend from 1.6524, and the sideways movement from 1.5951 could be treated as consolidation of the downtrend. Further decline to test 1.5874 support would...

EURUSD Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:27 am
EURUSD is facing 1.2613 support, a breakdown below this level will signal resumption of the downtrend from 1.2867, then further decline to test 1.2500 support could be seen. Resistance is at 1.2770, only break above this level...

EURJPY Double Bottom Breakout (Oct 29, 2014)

by Kate Curtis | October 29, 2014 3:58 am
The downtrend on EURJPY seems to be over, as price formed a double bottom pattern on its 1-hour time frame and broke past the neckline resistance around 137.00. The pair is climbing past the 138.00 handle and...

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by ForexCycle.com | October 29, 2014 1:48 am
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USDCAD Daily Analysis – October 29, 2014

by ForexCycle.com | October 29, 2014 1:45 am
USDCAD’s downward movement from 1.1385 extended to as low as 1.1163. However, the fall would possibly be consolidation of the uptrend from 1.0810 (Aug 29 low), another rise to 1.1500 is still possible after consolidation. Resistance is...

USDCHF Daily Analysis – October 29, 2014

by ForexCycle.com | October 29, 2014 1:44 am
USDCHF remains in uptrend from 0.9370, the fall from 0.9557 is likely consolidation of the uptrend. Another rise to test 0.9687 resistance is still possible after consolidation. Support levels are at 0.9420 and 0.9370, only break below...