USDJPY Weekly Analysis – December 7, 2014

by ForexCycle.com | December 7, 2014 11:48 am
USDJPY’s upward movement from 101.06 extended to as high as 121.68. Further rise could be expected after a minor consolidation, and next target would be at 130.00 area. Support levels are at 120.00 and 117.00, as long...

AUDUSD Weekly Analysis – December 7, 2014

by ForexCycle.com | December 7, 2014 11:47 am
AUDUSD continued its downward movement from 0.9504, and the fall extended to as low as 0.8312. Resistance is now located at the downward trend line on daily chart, as long as the trend line resistance holds, the...

GBPUSD Weekly Analysis – December 7, 2014

by ForexCycle.com | December 7, 2014 11:47 am
GBPUSD’s downward movement from 1.7190 extended to as low as 1.5569. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to...

EURUSD Weekly Analysis – December 7, 2014

by ForexCycle.com | December 7, 2014 11:46 am
After consolidation, EURUSD continued its downward movement from 1.3993, and the fall extended to as low as 1.2271. Further decline could be expected and next target would be at 1.2000 area. Near term resistance is at the...

USD/JPY Forecast December 8, 2014, Technical Analysis

by FX Empire | December 7, 2014 4:47 am
The USD/JPY pair broke above the 120 level during the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated in America. With that being the case, it appears that we are starting...

GBP/USD Forecast December 8, 2014, Technical Analysis

by FX Empire | December 7, 2014 4:08 am
The GBP/USD pair tried to rally during the course of the day on Friday, but as you can see turned things back around and fell to a fresh new low. Because of this we feel that the...

EUR/USD Forecast December 8, 2014, Technical Analysis

by FX Empire | December 7, 2014 4:07 am
The EUR/USD pair fell hard during the session on Friday, as the nonfarm payroll number came out much stronger than anticipated. Because of this, we made a fresh low, as the market close to just below the...

AUD/USD Forecast December 8, 2014, Technical Analysis

by FX Empire | December 7, 2014 4:06 am
The AUD/USD pair fell during the course of the day on Friday, as the nonfarm payroll numbers came out stronger than anticipated. With that being the case, the market looks like it’s heading down to the 0.80...

USD/JPY Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:09 am
The USD/JPY pair went back and forth during the course of the day on Thursday, testing the 120 handle. That’s an area where we see a significant amount of resistance in our opinion, as it is a...

USD/CAD Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:08 am
USD/CAD pair went back and forth during the session on Thursday, as we continue to meander just above the 1.13 region. The fact that both of these countries release employment numbers today suggests that we will have...