GBPUSD Daily Analysis – November 13, 2014

by ForexCycle.com | November 13, 2014 2:44 am
GBPUSD broke below 1.5790 support, and continued its downward movement from 1.6182, and the fall extended to as low as 1.5759. Resistance is at 1.5944, as long as this level holds, the downtrend could be expected to...

EURUSD Daily Analysis – November 13, 2014

by ForexCycle.com | November 13, 2014 2:43 am
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867. As long as the channel resistance holds, the rise from 1.2358 could be treated as consolidation of the downtrend. Further decline...

USD/JPY Forecast November 12, 2014, Technical Analysis

by FX Empire | November 12, 2014 5:37 am
The USD/JPY pair initially tried to rally during the course of the day on Tuesday, and actually broke to a fresh, new highs. However, the market struggled and turned back around to form a shooting star. The...

USD/CAD Forecast November 12, 2014, Technical Analysis

by FX Empire | November 12, 2014 5:36 am
The USD/CAD pair fell during the course of the day on Tuesday, but remains above the 1.13 handle. That is an area that cause quite a bit of support, and therefore we feel that we should see...

GBP/USD Forecast November 12, 2014, Technical Analysis

by FX Empire | November 12, 2014 5:35 am
The GBP/USD pair broke higher during the course of the day on Tuesday, showing that there is in fact some buyers out there. However, we see a significant amount of resistance above, and as a result it...

EUR/USD Forecast November 12, 2014, Technical Analysis

by FX Empire | November 12, 2014 5:35 am
EUR/USD pair broke higher during the course of the day on Tuesday, slamming into the 1.25 handle. Because of that, it appears that the market does in fact have some buyers left in it, but this is...

AUD/USD Forecast November 12, 2014, Technical Analysis

by FX Empire | November 12, 2014 5:33 am
The AUD/USD pair broke higher during the course of the session on Tuesday, but as you can see we are heading towards the 0.88 level, an area that has been of great interest to several different moves,...

USDCAD Daily Analysis – November 12, 2014

by ForexCycle.com | November 12, 2014 4:25 am
USDCAD stays in the trading range between 1.1300 and 1.1466. As long as 1.1300 support holds, the price action could be treated as consolidation of the uptrend from 1.1121, another rise to 1.1600 area is still possible...

USDCHF Daily Analysis – November 12, 2014

by ForexCycle.com | November 12, 2014 4:24 am
USDCHF is facing that bottom of the price channel on 4-hour chart, a clear break below the channel support will indicate that the uptrend from 0.9370 had completed at 0.9739 already, then deeper decline to 0.9400 area...

USDJPY Daily Analysis – November 12, 2014

by ForexCycle.com | November 12, 2014 4:24 am
USDJPY broke above 115.50 resistance, and continued its upward movement from 105.32. Further rise could be expected, and next target would be at 117.00 area. Support is now at 113.86, only break below this level could signal...