USDCAD Daily Analysis – July 10, 2014

by ForexCycle.com | July 10, 2014 2:52 am
USDCAD moved sideways in a trading range between 1.0619 and 1.0696. As long as 1.0696 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0960, another fall to 1.0500...

USDCHF Daily Analysis – July 10, 2014

by ForexCycle.com | July 10, 2014 2:52 am
USDCHF remains in uptrend from 0.8855, the fall from 0.8958 would possibly be correction of the uptrend. Key support is at 0.8855, as long as this level holds, the uptrend could be expected to resume, and next...

USDJPY Daily Analysis – July 10, 2014

by ForexCycle.com | July 10, 2014 2:51 am
USDJPY stays in a trading range between 101.23 and 102.26. Support is at 101.23, a breakdown below this level will signal resumption of the downtrend from 102.79, then next target would be at 100.90 area. Resistance is...

AUDUSD Daily Analysis – July 10, 2014

by ForexCycle.com | July 10, 2014 2:50 am
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 would possibly be correction of the downtrend. Key resistance is at 0.9504, as long as this level holds, the downtrend could be expected to resume, and another...

GBPUSD Daily Analysis – July 10, 2014

by ForexCycle.com | July 10, 2014 2:50 am
GBPUSD failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 1.7084, indicating that the pair remains in uptrend from 1.6692. Further rise could be expected, and next target would...

EURUSD Daily Analysis – July 10, 2014

by ForexCycle.com | July 10, 2014 2:49 am
EURUSD remains in downtrend from 1.3700, the rise from 1.3575 would possibly be correction of the downtrend. Key resistance is at 1.3700, as long as this level holds, the downtrend could be expected to resume, and another...

USD/JPY Forecast July 9, 2014, Technical Analysis

by FX Empire | July 9, 2014 5:25 am
The USD/JPY pair fell during the course of the session on Tuesday, testing the 101.50 level. With that being the case, it makes it appear to us as if there should be a bit of support just...

USD/CAD Forecast July 9, 2014, Technical Analysis

by FX Empire | July 9, 2014 5:24 am
The USD/CAD pair went back and forth on Tuesday, showing a little bit of support at the end of the day in order to perhaps justify the positive candle that we had seen printed on Monday. We...

GBP/USD Forecast July 9, 2014, Technical Analysis

by FX Empire | July 9, 2014 5:23 am
The GBP/USD pair initially fell during the session on Tuesday, but found enough support below in order to turn things back around and form a hammer yet again. We have been bullish of this pair for some...

EUR/USD Forecast July 9, 2014, Technical Analysis

by FX Empire | July 9, 2014 5:23 am
The EUR/USD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This hammer suggests that the market is ready to go higher, perhaps testing...