EUR/USD Forecast October 20, 2014, Technical Analysis

by FX Empire | October 18, 2014 9:15 am
The EUR/USD pair initially tried to rally during the course of the day on Friday, but fell back below the 1.28 level. On top of that, we ended up forming a shooting star for the weekly candle,...

AUD/USD Forecast October 20, 2014, Technical Analysis

by FX Empire | October 18, 2014 9:14 am
The AUD/USD pair broke higher during the course of the day on Friday, finding enough resistance at the 0.88 level. That being the case, we feel that the market forming a shooting star for the session on...

Double Top Pattern on USDCAD (Oct 17, 2014)

by Kate Curtis | October 17, 2014 6:38 am
USDCAD has formed a reversal pattern on its 1-hour time frame, suggesting that a downtrend might take place. Price has yet to break below the neckline support at the 1.1250 minor psychological level before confirming the potential...

USD/JPY Forecast October 17, 2014, Technical Analysis

by FX Empire | October 17, 2014 6:11 am
The USD/JPY pair fell initially during the session on Thursday, but found enough support just above the 105 handle to turn things back around and form a hammer. Because of this, we believe that this market should...

USD/CAD Forecast October 17, 2014, Technical Analysis

by FX Empire | October 17, 2014 6:09 am
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but ran into quite a bit of trouble at the 1.1350 level. With that being the case, the market ended up turning...

GBP/USD Forecast October 17, 2014, Technical Analysis

by FX Empire | October 17, 2014 6:09 am
The GBP/USD pair initially tried to fall during the course of the day on Thursday, but then surged higher to test the 1.61 level. That being the case, the markets look as if they are still fairly...

EUR/USD Forecast October 17, 2014, Technical Analysis

by FX Empire | October 17, 2014 6:08 am
The EUR/USD pair initially fell back below the 1.28 level during the session on Thursday, but found enough buying pressure below to turn things back around and form a nice-looking hammer. This hammer suggests that we are...

AUD/USD Forecast October 17, 2014, Technical Analysis

by FX Empire | October 17, 2014 6:06 am
The AUD/USD pair fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer. Because of this, we feel that this market is more or less...

USDCAD Daily Analysis – October 17, 2014

by ForexCycle.com | October 17, 2014 1:53 am
USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds,...

USDCHF Daily Analysis – October 17, 2014

by ForexCycle.com | October 17, 2014 1:53 am
USDCHF stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9687, the rise from 0.9370 is likely consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could...