USDCHF Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:17 am
USDCHF is facing 1.9739 resistance again, a break of this level will indicate that the uptrend from 0.9370 has resumed, then next target would be at 1.0000 area. Support is at 0.9660, only break below this level...

USDJPY Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:16 am
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 119.43. Further rise could be expected, and next target would be at 122.00 area. Key support is at 117.23, only break below...

AUDUSD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:15 am
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8391. Further decline would likely be seen, and next target would be at 0.8300 area. Resistance is located at the downward trend line on 4-hour chart, only...

GBPUSD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:15 am
GBPUSD moved sideways in a trading range between 1.5585 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6182, another fall towards 1.5000...

EURUSD Daily Analysis – December 3, 2014

by ForexCycle.com | December 3, 2014 3:14 am
EURUSD is facing 1.2358 support again, a breakdown below this level will signal resumption of the downtrend from 1.2867, then next target would be at 1.2000 area. Resistance is at 1.2460, only break above this level will...

NZDUSD Range Setup (Dec 3, 2014)

by Kate Curtis | December 3, 2014 3:12 am
NZDUSD is testing the bottom of the range forming on its 1-hour time frame, as price is finding a floor at the. 7780 area once more. A bounce off this support zone could lead to a test...

USD/JPY Forecast December 2, 2014, Technical Analysis

by FX Empire | December 2, 2014 5:36 am
The USD/JPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer. Nonetheless, we have...

USD/CAD Forecast December 2, 2014, Technical Analysis

by FX Empire | December 2, 2014 5:34 am
The USD/CAD pair fell hard during the course of the day on Monday, testing the 1.13 level. This is an area that had been resistive previously, so we feel it is likely we will see some type...

GBP/USD Forecast December 2, 2014, Technical Analysis

by FX Empire | December 2, 2014 5:33 am
The GBP/USD pair shot much higher during the course of the day on Monday, testing the 1.57 region. It is a fairly strong candle, but at the end of the day we should find some type of...

EUR/USD Forecast December 2, 2014, Technical Analysis

by FX Empire | December 2, 2014 5:32 am
The EUR/USD pair went back and forth during the session on Monday, essentially testing the 1.25 level but going nowhere. We think that this market will continue to go lower given enough time, and as a result...