AUDUSD Daily Analysis – October 27, 2014

by ForexCycle.com | October 27, 2014 4:11 am
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898. the sideways movement is likely consolidation of the downtrend from 0.9401, as long as 0.8898 resistance holds, another fall to 0.8400 area is still possible....

GBPUSD Daily Analysis – October 27, 2014

by ForexCycle.com | October 27, 2014 4:11 am
GBPUSD continued its sideways movement in a range between 1.5874 and 1.6226. Resistance is at 1.6226, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from...

EURUSD Daily Analysis – October 27, 2014

by ForexCycle.com | October 27, 2014 4:10 am
EURUSD is now in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend. Further decline to test 1.2500 support would likely be seen, a breakdown below this level will signal resumption of the...

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...