AUD/USD Forecast May 6, 2014, Technical Analysis

by FX Empire | May 6, 2014 2:49 am
The AUD/USD pair did nothing during the session on Monday as we continue to hover above the 0.9250 handle. The Australian dollar has been relatively flat for several sessions now, and there is nothing on this chart...

NZD/USD Range Resistance Play (May 5, 2014)

by Kate Curtis | May 5, 2014 9:41 am
NZD/USD is approaching the top of the range on its 4-hour time frame, suggesting that the pair’s rallies are soon over. This depends on the top-tier data releases from New Zealand and the U.S. this week though....

USDCAD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:15 am
USDCAD remains in downtrend from 1.1053, and the fall extended to as low as 1.0935. Resistance is now at 1.1004, as long as this level holds, the downtrend could be expected to continue, and next target would...

USDCHF Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:14 am
USDCHF continued its sideways movement in a range between 0.8743 and 0.8861. As long as 0.8861 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.8952, a breakdown below 0.8743 support...

USDJPY Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:14 am
USDJPY breaks below 101.96 support, indicating that the upward movement from 101.32 had completed at 103.02 already. Deeper decline to test 101.32 support could be expected, a breakdown below this level will signal resumption of the downtrend...

AUDUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:13 am
AUDUSD remains in downtrend from 0.9461, the rise from 0.9202 is likely consolidation of the downtrend. Key resistance is at 0.9316, as long as this level holds, the downtrend could be expected to resume, and next target...

GBPUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:12 am
GBPUSD remains in uptrend from 1.6465, the fall from 1.6918 could be treated as consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hour chart, as long as the...

EURUSD Daily Analysis – May 5, 2014

by ForexCycle.com | May 5, 2014 3:12 am
EURUSD is now in uptrend from 1.3775. Further rise could be expected, and next target would be at 1.3950 area. Support levels are at 1.3810 and 1.3775, only break below these levels could trigger another fall to1.3700...

USDCAD Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:29 am
No changed in our view, USDCAD is now in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Support is at 1.0857, a breakdown below this level will signal resumption of the downtrend,...

USDCHF Weekly Analysis – May 4, 2014

by ForexCycle.com | May 4, 2014 7:29 am
USDCHF moved sideways in a range between 0.8699 and 0.8952. Key resistance is located at the upper line of the price channel on daily chart, as long as the channel resistance holds, the price action in the...