USDCHF Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:24 am
USDCHF remains in downtrend from 0.9567, the rise from 0.9206 is likely correction of the downtrend. As long as 0.9567 key resistance holds, the downtrend could be expected to resume, and anther fall towards 0.9000 is still...

USDJPY Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:24 am
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the price action in the trading range between 95.82 and 99.94 is treated as consolidation of the uptrend. Support is now at 95.82, as long as this...

AUDUSD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:23 am
AUDUSD is in downtrend from 1.0582, the rise from 1.0220 is likely consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, and another fall towards...

GBPUSD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:22 am
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.4831, and the rise extends to as high as 1.5498. Further rise could be expected next week, and next target would be...

EURUSD Analysis – April 27, 2013

by ForexCycle.com | April 27, 2013 7:21 am
EURUSD is in uptrend from 1.2747, the fall from 1.3200 is treated as consolidation of the uptrend. Initial support is at 1.2900, as long as this level holds, the uptrend could be expected to resume, and another...

USD/JPY Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 6:37 am
The USD/JPY pair fell during the session on Friday, as you can see on this chart. The fall was significant, and it does appear that the 100 level is going to give us quite a bit of...

USD/CAD Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 6:36 am
The USD/CAD pair fell during the session on Friday, searching for the 1.0150 level. When they got there, it found enough support to stop falling, but it does look like a pair that’s going to grind a...

GBP USD Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 4:54 am
The GBP/USD pair had another positive session on Friday, touching the 1.55 handle. However, that area continues to be far too resistive, and we do suspect based upon price action back in the middle of February that...

EUR/USD Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 4:44 am
The EUR/USD pair rallied during the session on Friday, reinforcing the idea of the 1.30 support level. However, the candle from Thursday is a big wicked looking shooting star, so simply put – this pair looks confused.

AUD/USD Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 4:43 am
The AUD/USD pair tried to rally during the session on Friday, but as you can see had found far too much resistance at the 1.0340 level yet again. We have formed a shooting star in this general...