GBPUSD Daily Analysis – October 21, 2014

by ForexCycle.com | October 21, 2014 2:27 am
GBPUSD broke above the upper line of the price channel on 4-hour chart. Further rise to test 1.6226 resistance is possible, a break of this level will signal completion of the downtrend from 1.6524, then next target...

EURUSD Daily Analysis – October 21, 2014

by ForexCycle.com | October 21, 2014 2:26 am
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500. As long as the trend line support holds, the fall from 1.2867 could be treated as consolidation of the uptrend. Another...

USDCAD Daily Analysis – October 20, 2014

by ForexCycle.com | October 20, 2014 1:48 am
USDCAD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.0886, the fall from 1.1385 is likely consolidation of the uptrend. Support is located at the lower line of the channel, as...

USDCHF Daily Analysis – October 20, 2014

by ForexCycle.com | October 20, 2014 1:47 am
USDCHF remains in downtrend from 0.9687, the rise from 0.9370 could be treated as consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...

USDJPY Daily Analysis – October 20, 2014

by ForexCycle.com | October 20, 2014 1:47 am
USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 110.08 had completed at 105.32 already. Further rally would likely be seen in a couple of days, and next target would be...

AUDUSD Daily Analysis – October 20, 2014

by ForexCycle.com | October 20, 2014 1:46 am
AUDUSD stays in the trading range between 0.8642 and 0.8898. The price action in the range is likely consolidation of the downtrend from 0.9401. As long as 0.8898 resistance holds, the downtrend could be expected to resume,...

GBPUSD Daily Analysis – October 20, 2014

by ForexCycle.com | October 20, 2014 1:45 am
GBPUSD remains in downtrend from 1.6524, the price action from 1.5951 is likely consolidation of the downtrend. Near term resistance is located at the upper line of the price channel on 4-hour chart, as long as the...

EURUSD Daily Analysis – October 20, 2014

by ForexCycle.com | October 20, 2014 1:45 am
EURUSD remains in uptrend from 1.2500, as long as the trend line support holds, the fall from 1.2867 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would...

USDCAD Daily Analysis – October 17, 2014

by ForexCycle.com | October 17, 2014 1:53 am
USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds,...

USDCHF Daily Analysis – October 17, 2014

by ForexCycle.com | October 17, 2014 1:53 am
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9687, the rise from 0.9370 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...