EURUSD Weekly Analysis – December 14, 2013

by ForexCycle.com | December 14, 2013 1:31 pm
EURUSD is facing 1.3832 resistance, a break above this level will indicate that the uptrend from 1.2756 has resumed, then further rise towards 1.4500 could be seen. However, as long as 1.3832 resistance holds, the sideways movement...

USD/JPY Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:09 am
The USD/JPY pair initially tried to rally during the session on Friday, but as you can see pullback to form a shooting star. However, the shooting star is probably just going to be an opportunity to buy...

USD/CAD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:07 am
The USD/CAD pair initially tried to rally during the session on Friday, but as you can see pullback in crashed back into the 1.06 handle. This level of course is supportive, and we see support all the...

GBP/USD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:05 am
The GBP/USD pair fell during the session on Friday, but as you can see bounced at the 1.6250 level in order to form something along the lines of a hammer for the daily candle. If the top...

EUR/USD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:02 am
The EUR/USD pair fell during most of the session on Friday, but as you can see found enough support in the region of the 1.37 level in order to bounce and form a hammer. This hammer suggests...

AUD/USD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 5:59 am
The AUD/USD pair bounced during the session on Friday, but as you can see is still well below the 0.90 level. That area should offer a bit of resistance, and as a result we would not take...

NZD/JPY Rising Channel (December 13, 2013)

by Kate Curtis | December 13, 2013 8:48 am
NZD/JPY has been on a steady uptrend on its 1-hour time frame and might be ready to push higher, given the RBNZ’s hawkish rhetoric in their latest interest rate decision. Although the central bank kept interest rates...

USD/JPY Forecast December 13, 2013, Technical Analysis

by FX Empire | December 13, 2013 8:03 am
The USD/JPY pair shot straight up during the session on Thursday, and tested the 103.50 resistance area. Because of this, we feel that the Japanese yen will continue to weaken overall, and that buying this pair is...

USD/CAD Forecast December 13, 2013, Technical Analysis

by FX Empire | December 13, 2013 8:02 am
The USD/CAD pair initially fell during the session on Thursday, but got enough of a bounce just above the 1.0550 level in order to shoot much higher, and go back above the 1.06 handle. The highs of...

GBP/USD Forecast December 13, 2013, Technical Analysis

by FX Empire | December 13, 2013 8:01 am
The GBP/USD pair tried to rally during the session on Thursday, but failed to hang onto the gains and started falling later in the day. As you can see, we formed a little bit of a shooting...