USD/JPY Forecast April 16, 2014, Technical Analysis

by FX Empire | April 16, 2014 5:21 am
The USD/JPY pair fell initially during the session on Tuesday, but found support down near the 101.50 level yet again. This area has been very strong for some time now, and as a result it doesn’t surprise...

USD/CAD Forecast April 16, 2014, Technical Analysis

by FX Empire | April 16, 2014 5:20 am
The USD/CAD pair rose during the session on Tuesday, but fell 1.10 level to be resistive enough to keep the market down. The resulting shooting star course is a negative sign, and as a result we feel...

GBP/USD Forecast April 16, 2014, Technical Analysis

by FX Empire | April 16, 2014 5:20 am
The GBP/USD pair fell during a significant portion of the session on Tuesday, but as we have seen time and time again, the market finds buyers below. With that, we find this market to be bullish, and...

EUR/USD Forecast April 16, 2014, Technical Analysis

by FX Empire | April 16, 2014 5:19 am
The EUR/USD pair went back and forth during the session on Tuesday, forming a very neutral candle. Because of this, we feel that the market simply isn’t going to do my share, and quite frankly is probably...

AUD/USD Forecast April 16, 2014, Technical Analysis

by FX Empire | April 16, 2014 5:19 am
The AUD/USD pair fell during the session on Tuesday, breaking down to the 0.9350 level. However, we feel that the market could drop a little bit from here, probably to the 0.93 handle first, and then possibly...

USDCAD Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:49 am
USDCAD’s upward movement from 1.0857 extended to as high as 1.1013. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels...

USDCHF Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:49 am
USDCHF broke above 0.8805 resistance, indicating that the downtrend from 0.8952 had completed at 0.8743 already. Range trading between 0.8743 and 0.8850 would likely be seen over the next several days. Key support is at 0.8743, only...

USDJPY Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:48 am
USDJPY failed to break below 101.20 support and rebounded from 101.32. Range treading between 101.32 and 102.40 would likely be seen over the next several days. Resistance is at 102.40, as long as this level holds, the...

AUDUSD Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:48 am
AUDUSD is facing the support of the price channel on 4-hour chart. As long as the channel support holds, the fall from 0.9461 could be treated as consolidation of the uptrend from 0.8924, one more rise to...

GBPUSD Daily Analysis – April 16, 2014

by ForexCycle.com | April 16, 2014 3:47 am
After touching the lower line of the price channel on 4-hour chart, GBPUSD rebounded from 1.6660, indicating that the pair remains in uptrend from 1.6465. Another rise could be expected, and next target would be at 1.7000...