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...

GBPUSD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:21 am
GBPUSD’s downward movement from 1.7190 extended to as low as 1.6856. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...

EURUSD Daily Analysis – August 1, 2014

by ForexCycle.com | August 1, 2014 1:21 am
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3650. As long as the trend line resistance holds, further decline could be expected after a minor consolidation, and next target would...