GBP/USD Forecast April 11, 2016, Technical Analysis

by FX Empire | April 11, 2016 5:27 am
The GBP/USD pair rose during the course of the session on Friday, as we continue to see quite a bit of supportive action just below. The 1.40 level looks to be massively supportive, as we have been...

USD/CAD Forecast April 11, 2016, Technical Analysis

by FX Empire | April 11, 2016 5:27 am
The USD/CAD pair fell during the course of the session on Friday, testing the 1.30 level for support. This is an area that shows quite a bit of support, and it extends all the way down to...

EUR/USD Forecast April 11, 2016, Technical Analysis

by FX Empire | April 11, 2016 5:26 am
The EUR/USD pair rose slightly during the course of the session on Friday, as we continue to see the market bounce around and go back and forth just below the 1.14 handle. If we can break above...

AUD/USD Forecast April 11, 2016, Technical Analysis

by FX Empire | April 11, 2016 5:25 am
The AUD/USD pair initially tried to rally during the course of the session on Friday, but turn right back around to form a shooting star. The shooting star is very negative, but we are sitting above a...

USDCAD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:52 am
USDCAD stays in a downward price channel on daily chart, and remains in downtrend from 1.4689. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.2500...

USDJPY Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:52 am
USDJPY continued its downward movement from 123.75, and the fall extended to as low as 107.67. Resistance is now at the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend...

AUDUSD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:51 am
AUDUSD is facing the support of the upward price channel on daily chart. As long as the channel support holds, the fall from 0.7722 could be treated as consolidation of the uptrend from 0.6826, another rise could...

GBPUSD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:51 am
GBPUSD moved sideways in a range between 1.3835 and 1.4668 for several weeks. As long as 1.4668 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5929 (Jun...

EURUSD Weekly Analysis – April 10, 2016

by ForexCycle.com | April 10, 2016 7:50 am
EURUSD continued its upward movement from 1.0822, and the rise extended to as high as 1.1453. Further rise could be expected after a minor consolidation, and next target would be at 1.2000 area. Support is at 1.1100,...

USD/JPY Forecast April 8, 2016, Technical Analysis

by FX Empire | April 8, 2016 6:21 am
The USD/JPY pair fell during the course of the session on Thursday, as we continue to see quite a bit of concern about global markets. Remember, the Japanese yen tends to be a bit of a safety...