USDCHF Weekly Analysis – October 12, 2014

by ForexCycle.com | October 12, 2014 6:13 am
USDCHF remains in uptrend from 0.8703, the fall from 0.9687 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on daily chart, as long as the channel support holds,...

USDJPY Weekly Analysis – October 12, 2014

by ForexCycle.com | October 12, 2014 6:12 am
USDJPY broke below the lower line of the price channel on daily chart, indicating that consolidation of the uptrend from 101.06 is underway. Range trading between 106.50 and 110.08 would likely be seen in a couple of...

AUDUSD Weekly Analysis – October 12, 2014

by ForexCycle.com | October 12, 2014 6:12 am
After touching 0.8660 (Jan 24 low) support, AUDUSD rebounded from 0.8642, indicating that consolidation of the downtrend from 0.9504 is underway. Range trading between 0.8642 and 0.8950 would likely be seen in a couple of weeks. Support...

GBPUSD Weekly Analysis – October 12, 2014

by ForexCycle.com | October 12, 2014 6:11 am
GBPUSD remains in downtrend from 1.7190, the price action from 1.6051 is likely consolidation of the downtrend. Key resistance is at 1.6524, as long as this level holds, the downtrend could be expected to resume, and next...

EURUSD Weekly Analysis – October 12, 2014

by ForexCycle.com | October 12, 2014 6:11 am
EURUSD remains in downtrend from 1.3993, the rise from 1.2500 is likely consolidation of the downtrend. Near term resistance is located at the upper line of the price channel on daily chart, as long as the channel...

USD/JPY Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:32 pm
The USD/JPY pair initially broke out to the upside during the session on Friday, but as you can see fell to form a shooting star. With that, it appears that the market is going to test the...

USD/CAD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:32 pm
The USD/CAD pair went back and forth during the course of the day on Friday, ultimately respecting the 1.12 level for resistance. That being the case, the market should continue to go higher if we can break...

GBP/USD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:31 pm
The GBP/USD pair fell during the course of the day on Friday, but found enough support at the 1.6000 level to turn things back around and form a hammer. Because of this, it is possible that we...

EUR/USD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:30 pm
The EUR/USD pair fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level for support, and did find a slight...

AUD/USD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:29 pm
The AUD/USD pair fell during the session on Friday, heading back towards the 0.8650 level. That area offered support last time, and if we can break below there we feel that this market will then head to...