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...

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...

USDJPY Daily Analysis – October 29, 2014

by ForexCycle.com | October 29, 2014 1:44 am
USDJPY remains in uptrend from 105.32, the fall from 108.34 is likely consolidation of the uptrend. Key support is now at 107.60, as long as this level holds, the uptrend could be expected to continue, and next...

AUDUSD Daily Analysis – October 29, 2014

by ForexCycle.com | October 29, 2014 1:43 am
AUDUSD is facing 0.8898 resistance, a break of this level will indicate that the downtrend from 0.9401 (Sept 5 high) had completed at 0.8642 already, then further rise to 0.9000 area could be seen. On the downside,...

GBPUSD Daily Analysis – October 29, 2014

by ForexCycle.com | October 29, 2014 1:42 am
GBPUSD is facing 1.6226 resistance again, a break of this level will indicate that the downtrend from 1.6524 had completed at 1.5874 already, then further rise to 1.6400 area could be seen. On the downside, as long...

EURUSD Daily Analysis – October 29, 2014

by ForexCycle.com | October 29, 2014 1:42 am
EURUSD remains in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend. Another fall to test 1.2500 is still possible after consolidation, a breakdown below this level will signal resumption of the longer...

USDCAD Daily Analysis – October 28, 2014

by ForexCycle.com | October 28, 2014 3:59 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 28, 2014

by ForexCycle.com | October 28, 2014 3:59 am
USDCHF remains in uptrend from 0.9370, as long as 0.9440 support holds, the fall from 0.9557 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at...