USD/JPY Bullish Pennant (August 1, 2014)

by Kate Curtis | August 1, 2014 8:38 am
USD/JPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could...

USD/JPY Forecast August 1, 2014, Technical Analysis

by FX Empire | August 1, 2014 5:38 am
The USD/JPY pair went back and forth during the course of the day on Thursday, ultimately printing a very neutral candle. This neutral candle sits just below the 103 level, and as a result we think that...

USD/CAD Forecast August 1, 2014, Technical Analysis

by FX Empire | August 1, 2014 5:37 am
The USD/CAD pair went back and forth on Thursday, but as you can see really didn’t settle for much. With that being the case, it appears that the market could pullback from here, as the move has...

GBP/USD Forecast August 1, 2014, Technical Analysis

by FX Empire | August 1, 2014 5:37 am
The GBP/USD pair went back and forth during the day on Thursday, ultimately selling off though. We have broken below the 1.69 level, so we would suggest that perhaps this market continues to go lower, probably looking...

EUR/USD Forecast August 1, 2014, Technical Analysis

by FX Empire | August 1, 2014 5:36 am
The EUR/USD pair fell during the course of the day on Thursday, but as you can see found enough support below in order to bounce and form a little bit of a hammer. This is the second...

AUD/USD Forecast August 1, 2014, Technical Analysis

by FX Empire | August 1, 2014 5:36 am
The AUD/USD pair fell during the course of the day on Thursday, as we managed to break down through the last signs of support. Now that we have done that, we believe that rallies will continue to...

USDCAD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:24 am
USDCAD remains in uptrend from 1.0709, the fall from 1.0929 is likely consolidation of the uptrend. Support is at 1.0865, as long as this level holds, the uptrend could be expected to continue, and next target would...

USDCHF Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:23 am
USDCHF stays in the rising price channel on 4-hour chart, and remains in uptrend from 0.8897, the fall from 0.9105 is likely consolidation of the uptrend. As long as the channel support holds, the uptrend could be...

USDJPY Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:23 am
USDJPY remains in uptrend from 101.06, the fall from 103.08 is likely consolidation of the uptrend. Support is at 102.45, as long as this level holds, the uptrend could be expected to resume, and next target would...

AUDUSD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:22 am
AUDUSD’s downward movement from 0.9470 extended to as low as 0.9278. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance is at 0.9325, only break above this level could signal completion...