USD/CAD Forecast June 12, 2014, Technical Analysis

by FX Empire | June 12, 2014 6:21 am
The USD/CAD pair fell during the course of the session on Wednesday, testing the 1.0850 level. With that, the market looks as if it is going to try to find support down at the 1.08 handle, which...

GBP/USD Forecast June 12, 2014, Technical Analysis

by FX Empire | June 12, 2014 6:20 am
The GBP/USD pair rose during the course of the session on Wednesday, bouncing off of the bottom of the range from the Tuesday session. The 1.68 level offered resistance though, so we stayed well within the very...

EUR/USD Forecast June 12, 2014, Technical Analysis

by FX Empire | June 12, 2014 6:19 am
The EUR/USD pair tried to rally during the course of the session on Wednesday, but found enough resistance above to turn things back around and form a shooting star. The shooting star suggests that we are going...

AUD/USD Forecast June 12, 2014, Technical Analysis

by FX Empire | June 12, 2014 6:18 am
The AUD/USD pair tried to rally during the course of the session on Wednesday, but found far too much in the way of resistance at the 0.94 level area, pulling back and forming a shooting star. The...

USDCAD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 4:00 am
USDCAD continued its downward movement from 1.0960, and the fall extended to as low as 1.0860. Further decline could be expected, and next target would be at 1.0750 area. Resistance is at 1.0895, only break above this...

USDCHF Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 4:00 am
USDCHF stays in a trading range between 0.8907 and 0.9036. Resistance is at 0.9036, a break above this level could signal resumption of the uptrend from 0.8702, then the following upward movement could bring price to 0.9200...

USDJPY Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:59 am
USDJPY broke below 102.11 support, indicating that the uptrend from 100.83 had completed at 102.79 already. Deeper decline would likely be seen, and next target would be at 101.30 area. Resistance is at 102.40, only break above...

AUDUSD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:59 am
AUDUSD remains in uptrend, the fall from 0.9410 is likely consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.0450 area. Support is at 0.9320, only break below this...

GBPUSD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:57 am
GBPUSD remains in uptrend from 1.6692, the fall from 1.6844 could be treated as consolidation of the uptrend. Resistance is at 1.6844, a break above this level will signal resumption of the uptrend, then next target would...

EURUSD Daily Analysis – June 12, 2014

by ForexCycle.com | June 12, 2014 3:57 am
EURUSD stays in a trading range between 1.3502 and 1.3676. Support is at 1.3502, a breakdown below this level will indicate that the downtrend from 1.3993 has resumed, then the following downward move could bring price to...