GBP/USD Forecast April 4, 2014, Technical Analysis

by FX Empire | April 4, 2014 9:55 am
The GBP/USD pair had a pretty volatile session on Thursday, but ultimately settled on selling off for the day. This market looks like it’s trying to continue to go lower, perhaps trying to reach the 1.65 level....

EUR/USD Forecast April 4, 2014, Technical Analysis

by FX Empire | April 4, 2014 9:53 am
The EUR/USD pair initially try to rally during the session on Thursday, but fell hard enough to slam back into the 1.37 level. That area has been supportive several times now, and as a result we think...

AUD/USD Forecast April 4, 2014, Technical Analysis

by FX Empire | April 4, 2014 9:52 am
The AUD/USD pair fell during most of the session on Thursday, but found enough support to turn things back around and form a hammer. They hammer of course is a sign of bullishness, but we can some...

Watching USD/JPY’s Channel During the NFP (April 4, 2014)

by Kate Curtis | April 4, 2014 8:36 am
USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the...

AUD/USD Double Top Pattern (April 3, 2014)

by Kate Curtis | April 3, 2014 6:29 am
AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225...

USDCAD Daily Analysis – April 3, 2014

by ForexCycle.com | April 3, 2014 12:26 am
USDCAD moved sideways in a narrow range between 1.1000 and 1.1077. Resistance is at 1.1077, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.1278,...

USDCHF Daily Analysis – April 3, 2014

by ForexCycle.com | April 3, 2014 12:25 am
USDCHF stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8699. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8950...

USDJPY Daily Analysis – April 3, 2014

by ForexCycle.com | April 3, 2014 12:25 am
USDJPY remains in uptrend from 101.72. Further rise could be expected after a minor consolidation, and next target would be at 104.50 area. Support is at 103.10, only break below this level could signal completion of the...

AUDUSD Daily Analysis – April 3, 2014

by ForexCycle.com | April 3, 2014 12:24 am
AUDUSD moved sideways in a narrow range between 0.9213 and 0.9303. Support is at 0.9213, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 0.8995,...

GBPUSD Daily Analysis – April 3, 2014

by ForexCycle.com | April 3, 2014 12:23 am
GBPUSD remains in uptrend from 1.6465, the fall from 1.6684 is likely consolidation of the uptrend. Deeper decline is possible, and the target would be at 1.6550 area. Resistance is at 1.6684, a break above this level...