AUD/USD Forecast December 31, 2014, Technical Analysis

by FX Empire | December 31, 2014 7:10 am
AUD/USD broke higher during the course of the session on Tuesday, showing bits of support below. We still look at this market as being very negative, but also recognize that we are getting very low as far...

USDCAD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:02 am
USDCAD moved sideways in a trading range between 1.1560 and 1.1673. As long as 1.1560 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191. Further rise could be...

USDCHF Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:01 am
USDCHF stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.9553. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...

USDJPY Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:01 am
USDJPY remains in uptrend from 115.56, the fall from 120.82 is likely consolidation of the uptrend. Support is at 118.00, as long as this level holds, the uptrend could be expected to resume, and another rise towards...

AUDUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:00 am
AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.8795 had completed at 0.8087 already. Further rally would likely be seen over the next several days, and the...

GBPUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 3:00 am
GBPUSD is facing the resistance of the price channel on 4-hour chart, as long as the channel resistance holds, the rise from 1.5485 could be treated as consolidation of the downtrend from 1.5785, another fall towards 1.5000...

EURUSD Daily Analysis – December 31, 2014

by ForexCycle.com | December 31, 2014 2:59 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.2569. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...

USD/JPY Forecast December 30, 2014, Technical Analysis

by FX Empire | December 30, 2014 10:03 am
The USD/JPY pair broke higher during the course of the session on Monday, using the 120 level as support. That supportive area of course has been rather strong from time to time as both resistance and support,...

USD/CAD Forecast December 30, 2014, Technical Analysis

by FX Empire | December 30, 2014 10:03 am
The USD/CAD pair went back and forth during the session on Monday, essentially going nowhere. With that being the case, we believe that the market simply cannot traded until we get some type of impulsive move, or...

GBP/USD Forecast December 30, 2014, Technical Analysis

by FX Empire | December 30, 2014 10:02 am
The GBP/USD pair broke lower during the session on Monday, testing the 1.55 level yet again. This is an area that we believe is going to be rather supportive, but ultimately we will continue to go lower....