AUD/USD Forecast May 14, 2013, Technical Analysis

by FX Empire | May 14, 2013 5:33 am
The AUD/USD pair initially tried to rally during the session on Monday, but as you can see the parity level offered enough resistance to send the market lower. We now find this market at roughly 0.9950, and...

GBP/USD Rising Channel Still Intact (May 13, 2013)

by Kate Curtis | May 13, 2013 6:25 am
GBP/USD had a strong selloff towards the end of the previous week when the U.S. Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support...

USDCAD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:51 pm
USDCAD remains in downtrend from 1.0293, the rise from 1.0013 is likely consolidation of the downtrend. Resistance is at 1.0200, as long as this level holds, the downtrend could be expected to resume, and another fall towards...

USDCHF Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:51 pm
USDCHF breaks above 0.9567 resistance, suggesting that the uptrend from 0.9021 has resumed. Further rise is still possible next week, and the target would be at 0.9750 area. Support is at 0.9480, only break below this level...

USDJPY Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:50 pm
After a sideways consolidation, USDJPY broke above 99.94 resistance and reaches as high as 101.98, suggesting that the uptrend from 77.14 has resumed. Further rise is still possible next week, and next target would be at 105.00...

AUDUSD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:49 pm
AUDUSD’s downward movement from 1.0582 extends to as low as 0.9961. Further decline could be expected after a minor consolidation, and next target would be at 0.9700 area. Resistance is at 1.0150, as long as this level...

GBPUSD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:48 pm
GBPUSD remains in uptrend from 1.4831, the fall from 1.5605 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart, as long as the channel support holds, the...

EURUSD Analysis – May 11, 2013

by ForexCycle.com | May 11, 2013 1:46 pm
EURUSD breaks below 1.2955 support, suggesting that the upward movement from 1.2747 had completed at 1.3242 already. Deeper decline to test 1.2747 support would likely be seen next week,

USD/JPY Forecast May 13th, 2013, Technical Analysis

by FX Empire | May 11, 2013 9:03 am
The USD/JPY pair gained during the session on Friday, which of course would’ve been expected after the extraordinarily strong session we saw on Thursday. We are now free oh 100 handle, and this of course means of...

USD/CAD Forecast May 13, 2013, Technical Analysis

by FX Empire | May 11, 2013 9:02 am
The USD/CAD pair had a very bullish session on Friday, but did giveback roughly 40 pips of the gains by the end of the session in order to form a glass impressive candle in the end.