EURUSD Daily Analysis – November 5, 2014

by ForexCycle.com | November 5, 2014 3:24 am
EURUSD remains in downtrend from 1.2867, the rise from 1.2441 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,...

USDCAD Daily Analysis – November 4, 2014

by ForexCycle.com | November 4, 2014 2:58 am
USDCAD is facing 1.1385 resistance, a break of this level will indicate that the uptrend from 1.0810 (Aug 29 low) has resumed, then next target would be at 1.1500 area. Support is at 1.1260, only break below...

USDCHF Daily Analysis – November 4, 2014

by ForexCycle.com | November 4, 2014 2:57 am
USDCHF remains in uptrend from 0.9370. Further rise is still possible after a minor consolidation, and next target would be at 0.9900 area. Support levels are at 0.9635 and 0.9600, as long as these levels hold, the...

USDJPY Daily Analysis – November 4, 2014

by ForexCycle.com | November 4, 2014 2:57 am
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 114.21. Further rise could be expected after a minor consolidation, and next target would be at 117.00 area. Support is at 112.50,...

AUDUSD Daily Analysis – November 4, 2014

by ForexCycle.com | November 4, 2014 2:56 am
AUDUSD is facing 0.8642 support, a breakdown below this level will signal resumption of the downtrend from 0.9401 (Sept 5 high), then next target would be at 0.8400 area. Near term resistance is at 0.8730, above this...

GBPUSD Daily Analysis – November 4, 2014

by ForexCycle.com | November 4, 2014 2:55 am
GBPUSD is facing 1.5874 support, a breakdown below this level will signal resumption of the downtrend from 1.6524 (Sept 19 high), then next target would be at 1.5600 area. Key resistance is at 1.6226, only break above...

EURUSD Daily Analysis – November 4, 2014

by ForexCycle.com | November 4, 2014 2:55 am
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441. Further decline could be expected after a minor consolidation, and next target would be at 1.2200 area. Resistance is at 1.2570, only break above this level...

USDCAD Daily Analysis – November 3, 2014

by ForexCycle.com | November 3, 2014 3:01 am
USDCAD broke above 1.1265 resistance, indicating that the downtrend from 1.1385 had completed at 1.1121 already. The pair is now in uptrend. Further rise to test 1.1385 resistance could be expected, a break above this level will...

USDCHF Daily Analysis – November 3, 2014

by ForexCycle.com | November 3, 2014 3:00 am
USDCHF broke above 0.9687 resistance. Further rise could be expected after a minor consolidation, and next target would be at 0.9900 area. Support levels are at 0.9635 and 0.9600, as long as these levels hold, the uptrend...

USDJPY Daily Analysis – November 3, 2014

by ForexCycle.com | November 3, 2014 2:59 am
USDJPY’s upward movement from 105.32 extended to as high as 112.98. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support levels are at 111.70 and 111.15, as long...