EURUSD Daily Analysis – October 8, 2014

by ForexCycle.com | October 8, 2014 2:49 am
EURUSD is facing 1.2698 resistance, a break of this level will indicate that the downtrend from 1.2994 had completed at 1.2500 already, then further rise to 1.2850 area could be seen. On the downside, as long as...

USDCAD Daily Analysis – October 7, 2014

by ForexCycle.com | October 7, 2014 3:10 am
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0886, the fall from 1.1269 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next...

USDCHF Daily Analysis – October 7, 2014

by ForexCycle.com | October 7, 2014 3:10 am
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.9300, the fall from 0.9687 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...

USDJPY Daily Analysis – October 7, 2014

by ForexCycle.com | October 7, 2014 3:09 am
USDJPY stays in the trading range between 108.00 and 110.08. As long as 108.00 support holds, the price action in the range could be treated as consolidation of the uptrend from 101.06 (Jul 10 low), another rise...

AUDUSD Daily Analysis – October 7, 2014

by ForexCycle.com | October 7, 2014 3:08 am
AUDUSD moved sideways in a trading range between 0.8642 and 0.8826. Resistance is at 0.8826, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend, another fall...

GBPUSD Daily Analysis – October 7, 2014

by ForexCycle.com | October 7, 2014 3:08 am
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524, as long as the trend line resistance holds, the rise from 1.5951 could be treated as consolidation of the downtrend. Another...

EURUSD Daily Analysis – October 7, 2014

by ForexCycle.com | October 7, 2014 3:07 am
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.2994 is underway. Range trading between 1.2500 and 1.2698 would likely be seen in a couple of days. As long...

USDCAD Daily Analysis – October 6, 2014

by ForexCycle.com | October 6, 2014 3:23 am
USDCAD broke above 1.1222 resistance, indicating that the uptrend from 1.0886 has resumed. Further rise could be expected, and next target would be at 1.1400 area. Support is located at the upward trend line on 4-hour chart,...

USDCHF Daily Analysis – October 6, 2014

by ForexCycle.com | October 6, 2014 3:23 am
USDCHF’s upward movement from 0.9300 extended to as high as 0.9687. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue,...

USDJPY Daily Analysis – October 6, 2014

by ForexCycle.com | October 6, 2014 3:22 am
USDJPY is facing 110.08 resistance, a break above this level will indicate that the uptrend from 101.06 (Jul 10 low) has resumed, then next target would be at 113.00 area. However, as long as 110.08 resistance holds,...