AUDUSD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:52 am
AUDUSD stays in a trading range between 0.9202 and 0.9504. Key support is at 0.9202, a breakdown below this level will signal completion of the uptrend from 0.8660, then the following downward movement could bring price to...

GBPUSD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:52 am
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.7190 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the...

EURUSD Weekly Analysis – July 26, 2014

by ForexCycle.com | July 26, 2014 11:51 am
EURUSD broke below 1.3477 support, indicating that the uptrend from 1.2747 (Apr 4, 2013 low) had completed at 1.3993 already. The pair is now in downtrend, further decline could be expected over the next several weeks, and...

USD/JPY Forecast July 28, 2014, Technical Analysis

by FX Empire | July 26, 2014 9:48 am
The USD/JPY pair initially tried to rally during the session on Friday, but as you can see found enough resistance near the 102 level to turn things back around and form a shooting star. That shooting star...

USD/CAD Forecast July 28, 2014, Technical Analysis

by FX Empire | July 26, 2014 9:47 am
The USD/CAD pair broke higher during the course of the day on Friday, slicing through the 1.06 level. This level has been resistive previously, and as a result we feel that this market should continue to go...

GBP/USD Forecast July 28, 2014, Technical Analysis

by FX Empire | July 26, 2014 9:47 am
The GBP/USD pair fell during the session on Friday again, closing below the 1.70 level again. That being the case, the market appears that we are going to go lower and attempt to test the 1.69 support...

EUR/USD Forecast July 28, 2014, Technical Analysis

by FX Empire | July 26, 2014 9:45 am
The EUR/USD pair fell again during the session on Friday, breaking the bottom of the candle from the Thursday session, showing us that the market should continue to go lower. The 1.33 level below should be supportive...

AUD/USD Forecast July 28, 2014, Technical Analysis

by FX Empire | July 26, 2014 9:44 am
The AUD/USD pair fell during the course of the day on Friday, continuing to bounce around in the consolidation area that we’ve been in for some time, and as a result we feel that only short-term trades...

USD/JPY Forecast July 25, 2014, Technical Analysis

by FX Empire | July 25, 2014 6:38 am
The USD/JPY pair initially fell during the day on Thursday, but found enough support to shoot much higher and challenge the 102 region. We did not break above there, but it does look like the bullish momentum...

USD/CAD Forecast July 25, 2014, Technical Analysis

by FX Empire | July 25, 2014 6:37 am
The USD/CAD pair initially fell during the session on Thursday, but found enough support at the 1.07 region to turn things back around and form a hammer. Will we find particularly interesting about this market is that...