AUD/USD Forecast January 8, 2014, Technical Analysis

by FX Empire | January 8, 2014 6:38 am
The AUD/USD pair fell during the session on Tuesday, showing significant resistance near the 0.90 handle. That being the case, the market looks like it’s going to struggle in that general vicinity, and as a result we...

USDCAD Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:46 am
After consolidation, USDCAD broke above 1.0737 resistance, suggesting that the uptrend from 1.0182 (Sept 19, 2013 low) has resumed. Further rise could be expected over the next several days, and next target would be at 1.1000 area....

USDCHF Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:45 am
USDCHF’s upward movement from 0.8799 extends to as high as 0.9101. Further rise could be expected and next target would be at 0.9200 area. Support is now at 0.9015, only break below this level could signal completion...

USDJPY Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:45 am
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low). As long as the channel support holds, the uptrend could be expected to resume, and one more...

USDJPY Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:45 am
USDJPY stays in the upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low). As long as the channel support holds, the uptrend could be expected to resume, and one more...

AUDUSD Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:44 am
AUDUSD is in consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), one more rise to 0.9040 area to complete the consolidation would likely be seen. On the downside, as long as 0.9040 resistance holds, the...

GBPUSD Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:43 am
GBPUSD is facing the support of the lower line of the price channel on 4-hour chart. As long as the channel support holds, the uptrend from 1.5854 (Nov 12, 2013 low) could be expected to resume, and...

EURUSD Daily Analysis – January 8, 2014

by ForexCycle.com | January 8, 2014 1:43 am
No changed in our view, EURUSD remains in downtrend from 1.3892, the rise from 1.3571 could be treated as consolidation of the downtrend. As long as 1.3680 resistance holds, the downtrend could be expected to resume, and...

USD/JPY Trend Continuation? (January 7, 2014)

by Kate Curtis | January 7, 2014 10:00 am
USD/JPY is still on a strong uptrend, as seen from the rising trend line connecting the lows of the price on the 4-hour time frame. At the moment, the pair is testing the trend line around the...

AUD/USD Forecast January 7, 2014, Technical Analysis

by FX Empire | January 7, 2014 7:33 am
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing. This market continues to look like there is a little bit of support below, but ultimately we believe that the market suggests that the...