USD/JPY Forecast February 11, 2015, Technical Analysis

by FX Empire | February 11, 2015 5:38 am
The USD/JPY pair broke higher during the course of the session on Tuesday, as we continue to drive towards the 120 level. That area above is massively resistive though, so it’s more than likely going to be...

USD/CAD Forecast February 11, 2015, Technical Analysis

by FX Empire | February 11, 2015 5:37 am
The USD/CAD pair broke higher during the session on Tuesday, clearing the 1.25 level. That area is a bit of a magnet for the market at the moment, and we believe that the pair will ultimately head...

GBP/USD Forecast February 11, 2015, Technical Analysis

by FX Empire | February 11, 2015 5:37 am
The GBP/USD pair fell initially during the session on Monday, but for the second day in a row bounced enough to form a hammer. That hammer of course suggests that there are buyers below and the fact...

EUR/USD Forecast February 11, 2015, Technical Analysis

by FX Empire | February 11, 2015 5:36 am
The EUR/USD pair fell initially during the course of the day on Tuesday, but found enough support at the 1.13 level to turn things back around and form a hammer. That being the case, the market looks...

AUD/USD Forecast February 11, 2015, Technical Analysis

by FX Empire | February 11, 2015 5:36 am
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle. We believe that a move below that level though has this market selling off towards the...

USDCAD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:33 am
USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. As long as 1.2352 support holds, the uptrend from 1.1191 (Nov...

USDJPY Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:32 am
USDJPY’s upward movement from 115.85 extended to as high as 119.61. Further rise to test 120.82 resistance could be expected, a break of this level will target 125.00 area. Support is at 118.20, only break below this...

AUDUSD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:32 am
AUDUSD is in consolidation of the downtrend from 0.8294. Range trading between 0.7625 and 0.7950 would likely be seen over the next several days. Resistance is at 0.7950, as long as this level holds, the downtrend could...

GBPUSD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:31 am
GBPUSD is now in uptrend from 1.4950, the fall from 1.5351 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support...

EURUSD Daily Analysis – February 11, 2015

by ForexCycle.com | February 11, 2015 3:30 am
EURUSD is in consolidation of the downtrend from 1.2569 (Dec 16, 2014 high). Range trading between 1.1097 and 1.1650 is possible over the next several days. Support is at 1.1097, a breakdown below this level could signal...