USDCAD Daily Analysis – October 2, 2014

by ForexCycle.com | October 2, 2014 4:04 am
USDCAD broke below 1.1130 support, indicating that the uptrend from 1.0886 had completed at 1.1222 already. Deeper decline could be expected, and the target would be at 1.0980 area. Resistance is at 1.1145, only break above this...

USDCHF Daily Analysis – October 2, 2014

by ForexCycle.com | October 2, 2014 4:03 am
USDCHF remains in uptrend from 0.9300, the fall from 0.9596 is likely consolidation of the uptrend. Support is at 0.9485, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDJPY Daily Analysis – October 2, 2014

by ForexCycle.com | October 2, 2014 4:03 am
USDJPY is facing 108.24 support, a breakdown below this level will signal completion of the uptrend from 101.50, then deeper decline to 107.00 area could be seen. On the upside, as long as 108.24 support holds, the...

AUDUSD Daily Analysis – October 2, 2014

by ForexCycle.com | October 2, 2014 4:02 am
AUDUSD broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 0.9401 had completed at 0.8663 already, range trading between 0.8663 and 1.8870 would likely be seen over the next...

GBPUSD Daily Analysis – October 2, 2014

by ForexCycle.com | October 2, 2014 4:02 am
GBPUSD remains in downtrend from 1.6524, deeper decline is still possible and next target would be at 1.6100 area. Resistance is at 1.6290, only break above this level will indicate that the downtrend had completed at 1.6161...

EURUSD Daily Analysis – October 2, 2014

by ForexCycle.com | October 2, 2014 4:01 am
EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance will signal completion of the uptrend from 1.2994, then further rise to 1.2900 area...

USD/JPY Forecast October 1, 2014, Technical Analysis

by FX Empire | October 1, 2014 8:10 am
The USD/JPY pair went higher during the course of the day on Tuesday, testing the 110 level again. That level has been resistive, and showed it strength again during the session. However, we believe that the 110...

USD/CAD Forecast October 1, 2014, Technical Analysis

by FX Empire | October 1, 2014 8:09 am
The USD/CAD pair finally have the 1.12 level that we been talking about for some time, but has pullback a little bit towards the end of the day on Tuesday. With that, we feel that the market...

GBP/USD Forecast October 1, 2014, Technical Analysis

by FX Empire | October 1, 2014 8:09 am
The GBP/USD pair fell during the day on Tuesday, but found enough support at the 1.62 level to turn things back around and form a little bit of a hammer. With that being said, we feel that...

EUR/USD Forecast October 1, 2014, Technical Analysis

by FX Empire | October 1, 2014 8:08 am
The EUR/USD pair fell during the course of the day on Tuesday, it bounced enough from the 1.2550 region to form a hammer. This suggests to us that we could see a bounce from here and perhaps...