AUDUSD Daily Analysis – May 28, 2014

by ForexCycle.com | May 28, 2014 3:54 am
AUDUSD continued its sideways movement in a narrow range between 0.9208 and 0.9277. The price action in the range is likely consolidation of the downtrend from 0.9408, as long as 0.9277 resistance holds, the downtrend could be...

GBPUSD Daily Analysis – May 28, 2014

by ForexCycle.com | May 28, 2014 3:52 am
GBPUSD’s fall from 1.6920 extended to as low as 1.6782. Deeper decline is still possible, and next target would be at 1.6750 area. Resistance is at the downward trend line on 4-hour chart, only a clear break...

EURUSD Daily Analysis – May 28, 2014

by ForexCycle.com | May 28, 2014 3:51 am
EURUSD is in consolidation of the downtrend from 1.3993. Range trading between 1.3612 and 1.3700 would likely be seen in a couple of days. Key resistance is at 1.3734, as long as this level holds, the downtrend...

USD/JPY Forecast May 27, 2014, Technical Analysis

by FX Empire | May 27, 2014 8:27 am
The USD/JPY pair went back and forth during the session on Monday, and what would’ve been a fairly illiquid session. After all, the Americans and the British both were away for holiday, and that of course would...

USD/CAD Forecast May 27, 2014, Technical Analysis

by FX Empire | May 27, 2014 8:27 am
The USD/CAD pair initially fell during the session on Monday, but found a little bit of support towards the end of the day. Nonetheless, with the Americans away celebrating Memorial Day, the liquidity in this particular pair...

GBP/USD Forecast May 27, 2014, Technical Analysis

by FX Empire | May 27, 2014 8:25 am
The GBP/USD pair did little during the session on Monday, but with the Americans and British away for holiday that wasn’t much of a surprise. Ultimately, we feel that the market should continue to go higher, aiming...

EUR/USD Forecast May 27, 2014, Technical Analysis

by FX Empire | May 27, 2014 8:25 am
The EUR/USD pair initially fell during the session on Monday, but found enough support at the 1.36 level to turn things background inform a relatively supportive looking candle. However, the 1.37 level above should be rather resistive,...

AUD/USD Forecast May 27, 2014, Technical Analysis

by FX Empire | May 27, 2014 8:24 am
The AUD/USD pair did almost nothing during the session on Monday, as we remain just below the 0.9250 level. With that, we feel that the market should continue to go sideways, and the session on Monday was...

AUD/JPY Retracement Setup (May 27, 2014)

by Kate Curtis | May 27, 2014 6:48 am
AUD/JPY recently made a strong break below a support level and may be ready for a quick retracement before resuming its drop. The pair previously found support at the 94.50 minor psychological level and the break took...

USDCAD Daily Analysis – May 27, 2014

by ForexCycle.com | May 27, 2014 2:03 am
USDCAD broke below 1.0850 support, indicating that the upward movement from 1.0813 had completed at 1.0941 already. Further decline could be expected in a couple of days, and next target would be at 1.0700 area. Resistance is...