EURUSD Daily Analysis – January 7, 2015

by ForexCycle.com | January 7, 2015 3:06 am
EURUSD’s downward movement from 1.2569 extended to as low as 1.1845. Further decline could be expected, and next target would be at 1.1700 area. Resistance is at 1.2050, only break above this level could signal completion of...

USD/JPY Forecast January 6, 2015, Technical Analysis

by FX Empire | January 6, 2015 8:22 am
The USD/JPY pair fell during the course of the session on Monday, slicing through the 120 level. Nonetheless, we continue to see a significant amount of support in this area, and as a result we feel that...

USD/CAD Forecast January 6, 2015, Technical Analysis

by FX Empire | January 6, 2015 8:21 am
The USD/CAD pair fell during the course of the day on Monday, showing the 1.18 level to be resistive as we had anticipated. This coincides with support being found have to $50 level in the light sweet...

GBP/USD Forecast January 6, 2015, Technical Analysis

by FX Empire | January 6, 2015 8:21 am
The GBP/USD pair broke down during the session initially on Monday, but as you can see found a little bit of support below. Ultimately, we feel that this market is going to bounce from here, and head...

EUR/USD Forecast January 6, 2015, Technical Analysis

by FX Empire | January 6, 2015 8:20 am
The EUR/USD pair initially tried to fall during the course of the session on Monday, but as you can see found enough support below to turn things back around and form a hammer. We are below the...

AUD/USD Forecast January 6, 2015, Technical Analysis

by FX Empire | January 6, 2015 8:18 am
The AUD/USD pair broke down a little bit at the beginning of the session on Monday, and then turned back around to close near the 0.81 handle. With that being the case, looks as if the market...

AUDUSD Downtrend Setup (Jan 6, 2015)

by Kate Curtis | January 6, 2015 4:36 am
AUDUSD has been trading in a steady downtrend in the past few months, with a falling trend line connecting the latest highs on the 1-hour time frame. The pair previously bounced off its lows and is showing...

USDCAD Daily Analysis – January 6, 2015

by ForexCycle.com | January 6, 2015 2:33 am
USDCAD remains in uptrend from 1.1191, the fall from 1.1841 is likely consolidation of the uptrend. Support is at 1.1700, as long as this level holds, the uptrend could be expected to resume, and next target would...

USDCHF Daily Analysis – January 6, 2015

by ForexCycle.com | January 6, 2015 2:32 am
USDCHF remains in uptrend from 0.9553, the fall from 1.0187 is likely consolidation of the uptrend. Support is at 0.9950, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDJPY Daily Analysis – January 6, 2015

by ForexCycle.com | January 6, 2015 2:32 am
USDJPY failed to break above 120.82 resistance and stayed in a trading range between 118.86 and 120.82. However, another rise to re-test 120.82 resistance is possible, a break of this level will indicate that the uptrend from...