USDJPY Daily Analysis – October 31, 2014

by ForexCycle.com | October 31, 2014 2:40 am
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 105.32. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 109.70...

AUDUSD Daily Analysis – October 31, 2014

by ForexCycle.com | October 31, 2014 2:37 am
AUDUSD moved sideways in a trading range between 0.8642 and 0.8910. The sideways movement could be treated as consolidation of the downtrend from 0.9401, as long as 0.8910 resistance holds, another fall to 08400 area is still...

GBPUSD Daily Analysis – October 31, 2014

by ForexCycle.com | October 31, 2014 2:37 am
GBPUSD moved sideways in a trading range between 1.5874 and 1.6226. As long as 1.6226 resistance hold, the sideways movement could be treated as consolidation of the downtrend from 1.6524, another fall to 1.5600 area could be...

EURUSD Daily Analysis – October 31, 2014

by ForexCycle.com | October 31, 2014 2:36 am
EURUSD’s downward movement from 1.2867 extended to as low as 1.2547. Further decline to test 1.2500 support could be expected, a breakdown below this level will signal resumption of the downtrend from 1.3700 (Jul 1 high), then...

USDCAD Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:30 am
USDCAD continued its downward movement from 1.1385, and the fall extended to as low as 1.1121. Resistance is at 1.1265, as long as this level holds, further decline is still possible, and next target would be at...

USDCHF Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:29 am
USDCHF broke above 0.9557 resistance, indicating that the uptrend from 0.9370 has resumed. Further rise to test 0.9687 resistance would likely be seen. Support is at 0.9440, only break below this level could trigger another fall to...

USDJPY Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:28 am
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 109.11. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, further...

AUDUSD Daily Analysis – October 30, 2014

by ForexCycle.com | October 30, 2014 2:28 am
After touching 0.8898 resistance, AUDUSD pulled back into the trading range between 0.8642 and 0.8898, indicating that the pair remains in downtrend from 0.9401 (Sept 5 high), and the sideways movement in the range could be treated...

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...