USDJPY Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:11 am
USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Support is at 115.56, as long as this level holds, the uptrend from 101.06 (Jul 10, 2014 low) could be expected to resume, and...

AUDUSD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:11 am
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high). Further decline could be expected over the next several weeks, and next target would be at 0.7000 area. Key resistance is now at 0.7938, only break above...

GBPUSD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:10 am
GBPUSD broke below 1.4634 support, indicating that the downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected, and next target would be at 1.4000 area. Near term resistance is at 1.4800, only...

EURUSD Weekly Analysis – April 12, 2015

by ForexCycle.com | April 12, 2015 6:09 am
EURUSD stayed in the downward price channel on daily chart, and remains in downtrend from 1.3993 (May 8, 2014 high). Resistance is located at the top of the channel, as long as the channel resistance holds, the...

USD/JPY Forecast April 13, 2015, Technical Analysis

by FX Empire | April 11, 2015 9:34 am
The USD/JPY pair broke down a little bit during the session on Friday, but as you can see is simply grinding away to the side. With that being the case, the market looks like it’s a little...

USD/CAD Forecast April 13, 2015, Technical Analysis

by FX Empire | April 11, 2015 9:33 am
The USD/CAD pair initially broke higher during the course of the session on Friday, but turned back around to form a massively bearish shooting star. At the end of the day though, we think this will simply...

GBP/USD Forecast April 13, 2015, Technical Analysis

by FX Empire | April 11, 2015 9:33 am
The GBP/USD pair broke down during the course of the session on Friday, as we need a fresh, new low. Ultimately, we believe that this market heads down to the 1.45 level, and that rallies should offer...

EUR/USD Forecast April 13, 2015, Technical Analysis

by FX Empire | April 11, 2015 9:32 am
The EUR/USD pair fell during the session on Friday, as we continue to drive down towards the 1.05 handle. That is an area that should be supportive overall, but we do believe that eventually this market will...

AUD/USD Forecast April 13, 2015, Technical Analysis

by FX Empire | April 11, 2015 9:31 am
The AUD/USD pair fell during the course of the day on Friday, but bounced slightly in order to form a bit of a hammer. Ultimately though, we have no interest in buying this pair and we believe...