USDCAD Analysis – August 31, 2013

by ForexCycle.com | August 31, 2013 5:58 am
USDCAD remains in uptrend from 1.0245. Another rise to test 1.0608 previous high resistance is possible next week, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has...

USDCHF Analysis – August 31, 2013

by ForexCycle.com | August 31, 2013 5:57 am
USDCHF remains in downtrend from 0.9751. As long as 0.9400 resistance holds, another fall to test 0.9130 support is possible, a breakdown below this level will signal resumption of the longer term downtrend from 0.9838, then further...

USDJPY Analysis – August 31, 2013

by ForexCycle.com | August 31, 2013 5:57 am
USDJPY broke above the upper line of the price channel on daily chart, and is now in uptrend from 95.81. Further rise would likely be seen next week, and next target would be at 101.00 area. Support...

AUDUSD Analysis – August 31, 2013

by ForexCycle.com | August 31, 2013 5:56 am
AUDUSD is facing 0.8847 support, a breakdown below this level will indicate that the downtrend from 1.0582 has resumed, then further decline to 0.8500 area could be seen.

GBPUSD Analysis – August 31, 2013

by ForexCycle.com | August 31, 2013 5:55 am
GBPUSD is facing the support of the upward trend line on daily chart, as long as the trend line support holds, the uptrend from 1.4813 could be expected to resume, and another rise towards 1.6000 is still...

EURUSD Analysis – August 31, 2013

by ForexCycle.com | August 31, 2013 5:55 am
EURUSD breaks below the lower line of the price channel on daily chart, suggesting that the uptrend from 1.2756 had completed at 1.3451 already. Deeper decline would likely be seen, and the target would be at 1.2900...

USD/JPY Forecast September 2, 2013, Technical Analysis

by FX Empire | August 31, 2013 5:14 am
The USD/JPY pair fell initially during the session on Friday, but as you can see bounced enough in order to form a hammer. Because of this, we feel that this market will more than likely continue to...

USD/CAD Forecast September 2, 2013, Technical Analysis

by FX Empire | August 31, 2013 5:13 am
The USD/CAD pair did absolutely nothing during the session on Friday as we continue to grind sideways around the 1.05 handle. This market is ultimately bullish as far as we can tell, but we need to clear...

GBP/USD Forecast September 2, 2013, Technical Analysis

by FX Empire | August 31, 2013 5:12 am
The GBP/USD pair has shown yet another supportive candle near the 1.55 handle on Friday. Because of this, we believe that ultimately this pair will continue higher, but at this moment in time we do not have...

EUR/USD Forecast September 2, 2013, Technical Analysis

by FX Empire | August 31, 2013 5:11 am
The EUR/USD pair fell during most of the session on Friday, but as you can see below the 1.32 level we had enough support come into the marketplace in order to push the market back up, and...