GBPUSD Daily Analysis – October 6, 2014

by ForexCycle.com | October 6, 2014 3:21 am
GBPUSD broke below 1.6051 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.5600 area. Resistance levels are at...

EURUSD Daily Analysis – October 6, 2014

by ForexCycle.com | October 6, 2014 3:20 am
After consolidation, EURUSD continued its downward movement from 1.2994, and the fall extended to as low as 1.2500. Near term resistance is located at the downward trend line on 4-hour chart, as long as the trend line...

USDCAD Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:19 pm
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDCHF Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:19 pm
USDCHF’s upward movement from 0.8855 extended to as high as 0.9683. Further rise could be expected, and next target would be at 0.9900 area. Support is at 0.9500, only break below this level will indicate that consolidation...

USDJPY Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:18 pm
USDJPY stays in the upward price channel on daily chart. As long as the channel support holds, the uptrend from 101.06 could be expected to continue, and next target would be at 115.00 area. On the downside,...

AUDUSD Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:18 pm
AUDUSD broke below 0.8660 (Jan 24 low) support. Further decline would likely be seen, and next target would be at 0.8200 area. Resistance is at 0.8830, only break above this level will indicate that consolidation of the...

GBPUSD Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:17 pm
GBPUSD broke below 1.6051 support, indicating that the downtrend from 1.7190 has resumed. Further decline could be expected, and next target would be at 1.5500 area. Near term resistance is at 1.6100, only break above this level...

EURUSD Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:16 pm
EURUSD remains in downtrend from 1.3700, and the fall extended to as low as 1.2500. Resistance is now at 1.2700, as long as this level holds, the downtrend could be expected to continue, and next target would...

USD/JPY Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:36 am
The USD/JPY pair broke higher during the course of the session on Friday, breaking the top of the hammer, heading into the 110 level. The 110 level above of course is massively resistive, and as a result...

USD/CAD Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:36 am
The USD/CAD pair broke higher during the course of the day on Friday, going well above the 1.12 level. This is exactly what you would anticipate on the stronger than anticipated nonfarm payroll number, as the US...