GBPUSD Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:48 pm
GBPUSD continued its downward movement from 1.6785, and the fall extended to as low as 1.6568. Deeper decline is still possible, and the target would be at 1.6500 area. Resistance is at 1.6665, only break above this...

EURUSD Daily Analysis – March 13, 2014

by ForexCycle.com | March 12, 2014 11:47 pm
EURUSD is facing 1.3914 resistance, a break above this level will signal resumption of the uptrend from 1.3477, then next target would be at 1.4000 area. Initial support is at 1.3830, and the key support is located...

USD/JPY Resistance Turned Support (March 12, 2014)

by Kate Curtis | March 12, 2014 6:27 am
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally. The pair recently broke above the 102.50 minor psychological level, which has been holding as resistance in the past month....

USD/JPY Forecast March 12, 2014, Technical Analysis

by FX Empire | March 12, 2014 5:39 am
The USD/JPY pair fell during the session on Tuesday, testing the 103 support level. This level of course has been massively resistive in the past, so it makes sense that would be supportive now. This represents a...

USD/CAD Forecast March 12, 2014, Technical Analysis

by FX Empire | March 12, 2014 5:38 am
The USD/CAD pair fell during the session on Tuesday, but as you can see found enough support at the 1.11 level in order to bounce and form a hammer. This hammer of course signifies that the market...

GBP/USD Forecast March 12, 2014, Technical Analysis

by FX Empire | March 12, 2014 5:38 am
The GBP/USD pair did very little during the session on Tuesday, but did print a negative candle. The printed somewhat of a hammer, based upon the 1.664 level. With that being the case, we feel that support...

EUR/USD Forecast March 12, 2014, Technical Analysis

by FX Empire | March 12, 2014 5:37 am
The EUR USD pair pullback during the session on Tuesday, but found enough support below in order to bounce and army hammer. This hammer completely contradicts the shooting star from the Friday session, and appears like a...

AUD/USD Forecast March 12, 2014, Technical Analysis

by FX Empire | March 12, 2014 5:36 am
The AUD/USD pair initially try to rally during the session on Tuesday, but as you can see found enough resistance to push the market back down. We find yourselves now below the 0.90 handle, and we will...

USDCAD Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:55 am
USDCAD moved sideways in a trading range between 1.0910 and 1.1224. Support is at 1.0955, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0182...

USDCHF Daily Analysis – March 12, 2014

by ForexCycle.com | March 12, 2014 3:55 am
USDCHF remains in downtrend from 0.9081. Another fall could be expected after a minor consolidation, and next target would be at 0.8700 area. Key resistance is located at the downward trend line on 4-hour chart, only a...