USDCAD Daily Analysis – October 22, 2014

by ForexCycle.com | October 22, 2014 3:24 am
USDCAD is facing the support of the price channel on 4-hour chart, a clear break below the channel support could signal completion of the uptrend from 1.0886, then deeper decline to 1.0800 area could be seen. On...

USDCHF Daily Analysis – October 22, 2014

by ForexCycle.com | October 22, 2014 3:24 am
USDCHF broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.9687 had completed at 0.9370 already. Further rise could be expected, and next target would be at 0.9650 area. Support is at...

USDJPY Daily Analysis – October 22, 2014

by ForexCycle.com | October 22, 2014 3:23 am
USDJPY remains in uptrend from 105.32, the fall from 107.39 is likely consolidation of the uptrend. Further rise could be expected, and next target would be at 109.00 area. Support is at 106.10, only break below this...

AUDUSD Daily Analysis – October 22, 2014

by ForexCycle.com | October 22, 2014 3:22 am
AUDUSD moved sideways in a range between 0.8642 and 0.8898. As long as 0.8898 resistance holds, the price action in the range could be treated as consolidation of the downtrend, and another fall to 0.8400 area is...

GBPUSD Daily Analysis – October 22, 2014

by ForexCycle.com | October 22, 2014 3:22 am
GBPUSD is facing 1.6226 resistance, as long as this level holds, the price action in the range between 1.5874 and 1.6226 could be treated as consolidation of the downtrend from 1.6524, another fall to 1.5600 area could...

EURUSD Daily Analysis – October 22, 2014

by ForexCycle.com | October 22, 2014 3:21 am
EURUSD is facing the support of the downward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.2500 had completed at 1.2867 already, then the following downward...

USDCAD Daily Analysis – October 21, 2014

by ForexCycle.com | October 21, 2014 2:29 am
USDCAD remains in uptrend from 1.0886, the fall from 1.1385 could be treated as consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart. As long as the channel support...

USDCHF Daily Analysis – October 21, 2014

by ForexCycle.com | October 21, 2014 2:28 am
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9687. As long as the trend line resistance holds, the rise from 0.9370 could be treated as consolidation of the downtrend. Further...

USDJPY Daily Analysis – October 21, 2014

by ForexCycle.com | October 21, 2014 2:28 am
USDJPY is now in uptrend from 105.32, the fall from 107.39 is likely consolidation of the uptrend. Near term support is at 106.10, as long as this level holds, the uptrend could be expected to continue, and...

AUDUSD Daily Analysis – October 21, 2014

by ForexCycle.com | October 21, 2014 2:27 am
AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898. Resistance is at 0.8898, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 0.9401 (Sept 5...