EURUSD Weekly Analysis – October 4, 2014

by ForexCycle.com | October 4, 2014 12:16 pm
EURUSD remains in downtrend from 1.3700, and the fall extended to as low as 1.2500. Resistance is now at 1.2700, as long as this level holds, the downtrend could be expected to continue, and next target would...

USD/JPY Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:36 am
The USD/JPY pair broke higher during the course of the session on Friday, breaking the top of the hammer, heading into the 110 level. The 110 level above of course is massively resistive, and as a result...

USD/CAD Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:36 am
The USD/CAD pair broke higher during the course of the day on Friday, going well above the 1.12 level. This is exactly what you would anticipate on the stronger than anticipated nonfarm payroll number, as the US...

GBP/USD Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:35 am
The GBP/USD pair fell hard during the course of the session on Friday, crashing through the 1.60 level. By doing so, it appears that we are heading back down towards the 1.58 level, and then possibly the...

EUR/USD Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:35 am
EUR/USD pair fell hard during the course of the day on Friday, slamming into the 1.25 level. That of course is a large, round, psychologically significant number. That is a major support barrier, and as a result...

AUD/USD Forecast October 6, 2014, Technical Analysis

by FX Empire | October 4, 2014 7:34 am
The AUD/USD pair fell hard during the course of the day on Friday, testing the 0.8650 level. That level opens the door to fall the way down to the 0.85 level, and we think that in fact...

USD/JPY Forecast October 3, 2014, Technical Analysis

by FX Empire | October 3, 2014 7:47 am
The USD/JPY pair initially tried to rally during the session on Thursday, but turned back around to form a fairly negative candle. However, we are just above the 108 level, and the fact that today is nonfarm...

USD/CAD Forecast October 3, 2014, Technical Analysis

by FX Empire | October 3, 2014 7:46 am
The USD/CAD pair rose during the course of the day on Thursday, using the 1.11 level as support. That being the case, the market looks like it’s heading back towards the 1.12 handle, as this market is...

GBP/USD Forecast October 3, 2014, Technical Analysis

by FX Empire | October 3, 2014 7:42 am
The GBP/USD pair fell hard during the session on Thursday, crashing into the 1.6150 area. The market looks as if it’s ready to continue going lower, but there is a significant amount of support at the 1.60...

EUR/USD Forecast September 3, 2014, Technical Analysis

by FX Empire | October 3, 2014 7:41 am
The EUR/USD pair fell initially during the session on Thursday, bouncing later in order to form a hammer. This hammer suggests that we are going to try to make a move above the 1.27 level, and perhaps...