USDCAD Weekly Analysis – June 7, 2015

by ForexCycle.com | June 7, 2015 7:56 am
USDCAD continued its upward movement from 1.1919, and the rise extended to as high as 1.2563. Support is at 1.2350, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDJPY Weekly Analysis – June 7, 2015

by ForexCycle.com | June 7, 2015 7:55 am
USDJPY’s upward movement from 118.88 extended to as high as 125.85. Further rise could be expected after a minor consolidation, and next target would be at 130.00 area. Near term support is at 123.00, as long as...

AUDUSD Weekly Analysis – June 7, 2015

by ForexCycle.com | June 7, 2015 7:54 am
AUDUSD is testing 0.7532 support, a breakdown below this level will signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high), then next target would be at 0.7000 area. On the other side, as...

GBPUSD Weekly Analysis – June 7, 2015

by ForexCycle.com | June 7, 2015 7:54 am
GBPUSD’s fall from 1.5814 extended to as low as 1.5170. As long as 1.5080 support holds, the fall could be treated as correction of the uptrend from 1.4565, another rise towards 1.6500 could be expected after correction....

EURUSD Weekly Analysis – June 7, 2015

by ForexCycle.com | June 7, 2015 7:53 am
EURUSD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.0462. Further rise to re-test 1.1533 resistance is possible next week, a break of this level will confirm that the...

USD/JPY Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:13 am
The USD/JPY pair broke down during the course of the session on Friday as the jobs number came out stronger than anticipated. Because of this, we feel that breaking above the 125 level is of course a...

USD/CAD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:12 am
The USD/CAD pair initially rallied during the session on Friday, but found a bit of resistance at the 1.2550 level to turn things back around and form a rather negative candle. If we can break down below...

GBP/USD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:11 am
The GBP/USD pair initially fell during the course of the session on Friday, in response to a stronger than anticipated jobs number out of America. However, you can see that we bounce significantly off of the 1.52...

EUR/USD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:11 am
The EUR/USD pair initially rallied during the session on Friday, but then fell rather hard as the jobs number out of America came out stronger than anticipated. However, which is often the case, the knee-jerk reaction was...

AUD/USD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:10 am
The AUD/USD pair initially tried to rally during the course of the session on Friday, but turned back around and crashed into the 0.76 handle. Even if we break below there though, we feel that the 0.75...