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...

USDJPY Daily Analysis – October 24, 2014

by ForexCycle.com | October 24, 2014 3:26 am
USDJPY’s upward movement from 105.32 extended to as high as 108.35. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to...

AUDUSD Daily Analysis – October 24, 2014

by ForexCycle.com | October 24, 2014 3:25 am
AUDUSD is forming a sideways movement in a range between 0.8642 and 0.8898. As long as 0.8898 resistance holds, the sideways move could be treated as consolidation of the downtrend from 0.9401, another fall to 0.8400 area...

GBPUSD Daily Analysis – October 24, 2014

by ForexCycle.com | October 24, 2014 3:25 am
GBPUSD moved sideways in a range between 1.5874 and 1.6226. As long as 1.6226 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6524, and another fall to 1.5600 area could be...

EURUSD Daily Analysis – October 24, 2014

by ForexCycle.com | October 24, 2014 3:24 am
EURUSD’s downward movement from 1.2867 extended to as low as 1.2613. Further decline to test 1.2500 support could be expected, a breakdown below this level will indicate that the longer term downtrend from 1.3700 (Jul 1 high)...

USDCAD Daily Analysis – October 23, 2014

by ForexCycle.com | October 23, 2014 2:49 am
After touching the channel support, USDCAD rebounded from 1.1183 indicating that the pair remains in uptrend from 1.0886, another rise to 1.1500 area could be expected. Support is now at 1.1183, only break below this level could...

USDCHF Daily Analysis – October 23, 2014

by ForexCycle.com | October 23, 2014 2:49 am
USDCHF’s upward movement from 0.9370 extended to as high as 0.9548. Further rise could be expected, and next target would be at 0.9650 area. Support is at 0.9440, only break below this level could trigger another fall...

USDJPY Daily Analysis – October 23, 2014

by ForexCycle.com | October 23, 2014 2:48 am
USDJPY is facing 107.39 resistance, a break of this level will signal resumption of the uptrend from 105.32, then next target would be at 109.00 area. Support is at 106.10, only break below this level could trigger...

AUDUSD Daily Analysis – October 23, 2014

by ForexCycle.com | October 23, 2014 2:48 am
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898. As long as 0.8898 resistance holds, the sideways move could be treated as consolidation of the downtrend from 0.9401, another fall to 0.8400 area is...