GBP/USD Forecast January 29, 2014, Technical Analysis

by FX Empire | January 29, 2014 8:38 am
The GBP/USD pair went back and forth during the session on Tuesday, essentially settling nothing. This candle is very neutral, and we believe that the area below offers enough support that we really can break down significantly,...

EUR/USD Forecast January 29, 2014, Technical Analysis

by FX Empire | January 29, 2014 8:37 am
The EUR/USD pair fell during the session on Tuesday, but as you can see bounced enough to close above the 1.3650 level. With this hammer, it appears that the market is going to simply grind sideways in...

AUD/USD Forecast January 29, 2014, Technical Analysis

by FX Empire | January 29, 2014 8:36 am
The AUD/USD pair had a positive session on Tuesday, breaking above the 0.88 level at one point in time, but falling back down before the day closed. Nonetheless, this market looks like it should run into a...

USD/CHF Rising Channel Forming (January 29, 2014)

by Kate Curtis | January 29, 2014 7:55 am
USD/CHF seems to be on the start of an uptrend on its 1-hour time frame, as a rising channel is beginning to form. The pair just found support at the bottom near the .8950 minor psychological level...

USDCAD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:12 am
USDCAD broke above 1.1173 resistance, indicating that the uptrend from 1.0588 has resumed. Further rise could be expected, and next target would be at 1.1400 area. Key support is located at the upward trend line on 4-hour...

USDCHF Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:11 am
USDCHF remains in downtrend from 0.9156, the rise from 0.8903 is likely consolidation of the downtrend. Resistance is at 0.9030, as long as this level holds, the downtrend could be expected to resume, and next target would...

USDJPY Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:11 am
USDJPY’s rise from 101.77 extended to as high as 103.44. However, the rise is likely consolidation of the downtrend from 105.44. Resistance is now at the upper line of the price channel on 4-hour chart. As long...

AUDUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:10 am
AUDUSD is in downtrend from 0.9085, the rise from 0.8660 is likely consolidation of the downtrend. Key resistance is at 0.8887, as long as this level holds, the downtrend could be expected to resume, another fall to...

GBPUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:09 am
GBPUSD is in consolidation of the uptrend from 1.5854 (Nov 12, 2013 low). Another fall to the bottom of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the...

EURUSD Daily Analysis – January 29, 2014

by ForexCycle.com | January 29, 2014 5:09 am
No changed in our view, EURUSD remains in uptrend from 1.3507, the fall from 1.3739 is likely consolidation of the uptrend. Support is at 1.3595, as long as this level holds, the uptrend could be expected to...