USDCAD Weekly Analysis – August 10, 2014

by ForexCycle.com | August 10, 2014 7:04 am
USDCAD remains in uptrend from 1.0619, and the rise extended to as high as 1.0985. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Support is at 1.0850, only...

USDCHF Weekly Analysis – August 10, 2014

by ForexCycle.com | August 10, 2014 7:03 am
USDCHF remains in uptrend from 0.8699, and the rise extended to as high as 0.9114. Further rise could be expected after a minor consolidation, and next target would be at 0.9400 area. Support is at 0.8900, only...

USDJPY Weekly Analysis – August 10, 2014

by ForexCycle.com | August 10, 2014 7:02 am
USDJPY continued its sideways movement in a trading range between 100.75 and 104.12. Key support is at 100.75, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 75.57...

AUDUSD Weekly Analysis – August 10, 2014

by ForexCycle.com | August 10, 2014 7:02 am
AUDUSD is facing 0.9202 support, a breakdown below this level will indicate that the uptrend from 0.8660 had completed at 0.9504 already, then the following downward movement could bring price to 0.8000 area. However, as long as...

GBPUSD Weekly Analysis – August 10, 2014

by ForexCycle.com | August 10, 2014 7:01 am
GBPUSD is facing 1.6692 support, a breakdown below this level will confirm that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already, then next target would be at 1.6300 area. Resistance is at...

EURUSD Weekly Analysis – August 10, 2014

by ForexCycle.com | August 10, 2014 6:55 am
EURUSD remains in downtrend from 1.3993, and the fall extended to as low as 1.3332. Further decline could be expected, and next target would be at 1.3000 area. Resistance is at 1.3550, only break above this level...

USD/JPY Forecast August 11, 2014, Technical Analysis

by FX Empire | August 10, 2014 2:20 am
The USD/JPY pair initially fell during the course of the day on Friday, but as you can see the market did find enough buying pressure nearly 101.50 level to turn things back around and form a hammer....

USD/CAD Forecast August 11, 2014, Technical Analysis

by FX Empire | August 10, 2014 2:18 am
The USD/CAD pair initially fell during the day on Friday, but as you can see found support at the 1.09 handle yet again, and bounce enough to form a hammer. The hammer suggests that there is buying...

GBP/USD Forecast August 11, 2014, Technical Analysis

by FX Empire | August 10, 2014 2:16 am
The GBP/USD pair initially tried to rally during the session on Friday, but as you can see ended up falling below the 1.68 level. Because of this, we think that this is a reasonably very sign in...