GBPUSD Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:35 am
GBPUSD remains in uptrend from 1.5854 (Nov 12, 2013 low), the price action from 1.6593 could be treated as consolidation of the uptrend. Key support is at 1.6337, as long as this level holds, the uptrend could...

EURUSD Daily Analysis – January 13, 2014

by ForexCycle.com | January 13, 2014 3:34 am
EURUSD broke above 1.3655 resistance, indicating that the downtrend from 1.3892 had completed at 1.3548 already. Further rally would likely be seen in a couple of days, and next target would be at 1.3750 area. Support levels...

USDCAD Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:10 am
USDCAD’s upward movement from 1.0182 extended to as high as 1.0945. Further rise is still possible after a minor consolidation, and next target would be at 1.1200 area. Key support is located at the upward trend line...

USDCHF Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:10 am
USDCHF remains in downtrend from 0.9751, the price action from 0.8890 could be treated as consolidation of the downtrend. Key resistance is at 0.9249, as long as this level holds, the downtrend could be expected to resume,...

USDJPY Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:09 am
USDJPY remains in uptrend from 96.57, the fall from 105.44 could be treated as consolidation of the uptrend. Initial support is located at the lower line of the price channel on daily chart, as long as the...

AUDUSD Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:08 am
AUDUSD broke above the downward trend line on daily chart, suggesting that consolidation of the downtrend from 0.9756 is underway. Further rally could be expected in a couple of weeks, and the target would be at 0.9200...

GBPUSD Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:08 am
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.5854, and the fall from 1.6593 could be treated as consolidation of the uptrend. As long as the channel support holds, the...

EURUSD Weekly Analysis – January 12, 2014

by ForexCycle.com | January 12, 2014 7:07 am
EURUSD remains in uptrend from 1.2756, the fall from 1.3892 could be treated as consolidation of the uptrend. Key support is located at the lower line of the price channel on daily chart. As long as the...

USD/JPY Forecast January 13, 2014, Technical Analysis

by FX Empire | January 11, 2014 10:10 am
The USD/JPY pair initially rose during the session on Friday, but turned back around the 105.50 level in order to fall all the way down to the 104 level. The resulting candle was based upon the nonfarm...

USD/CAD Forecast January 13, 2014, Technical Analysis

by FX Empire | January 11, 2014 10:09 am
The USD/CAD pair rose again during the session on Friday, even with a weaker than anticipated jobs report out of the United States. This was mainly because the Canadian jobs report was just as bad, and as...