GBP/USD Forecast May 26, 2015, Technical Analysis

by FX Empire | May 26, 2015 6:05 am
The GBP/USD pair did very little during the session on Monday, but quite frankly that’s not going to be much of a surprise. After all, the Memorial Day holiday in the United States would’ve Liquidity low, but...

EUR/USD Forecast May 26, 2015, Technical Analysis

by FX Empire | May 26, 2015 6:05 am
The EUR/USD pair went back and forth during the course of the session on Monday, as we continue to bounce around the 1.10 level. This is a market that continues to be attracted to this level, an...

AUD/USD Forecast May 26, 2015, Technical Analysis

by FX Empire | May 26, 2015 6:04 am
The AUD/USD pair did nothing during the session on Monday, as we found support at the 0.78 handle. With that being the case, the market looks like it could bounce a little bit from here, heading towards...

EURJPY Head and Shoulders (May 25, 2015)

by Kate Curtis | May 25, 2015 4:52 am
EURJPY could be in for a reversal from its uptrend, as price formed a head and shoulders pattern on its 4-hour time frame. The pair is already testing the neckline support at the 134.00 major psychological mark...

USDCAD Weekly Analysis – May 24, 2015

by ForexCycle.com | May 24, 2015 7:54 am
USDCAD broke above the top of the price channel on daily chart, indicating that the downtrend from 1.2835 had completed at 1.1919 already. Further rise could be expected, and next target would be at 1.2650 area. Support...

USDJPY Weekly Analysis – May 24, 2015

by ForexCycle.com | May 24, 2015 7:54 am
USDJPY is facing 122.02 resistance, a break of this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011) has resumed, then the following upward movement could bring price to 130.00 area. Key support...

AUDUSD Weekly Analysis – May 24, 2015

by ForexCycle.com | May 24, 2015 7:53 am
AUDUSD remains in uptrend from 0.7532, the fall from 0.8162 is likely consolidation of the uptrend. Support is at 0.7750, as long as this level holds, the uptrend could be expected to continue, and next target would...

GBPUSD Weekly Analysis – May 24, 2015

by ForexCycle.com | May 24, 2015 7:53 am
GBPUSD remains in uptrend from 1.4565, the fall from 1.5814 is likely consolidation of the uptrend. Support is at 1.5080, as long as this level holds, the uptrend could be expected to continue, and next target would...

EURUSD Weekly Analysis – May 24, 2015

by ForexCycle.com | May 24, 2015 7:52 am
EURUSD failed to break above 1.1533 resistance, indicating that the pair remains in downtrend from 1.3993 (May 8, 2014 high), and the price action from 1.0462 would possibly be consolidation of the downtrend. Further decline would likely...

USD/JPY Forecast May 25, 2015, Technical Analysis

by FX Empire | May 24, 2015 4:06 am
The USD/JPY pair broke higher during the course of the session on Friday, as we are testing the 121.50 level. Because of this, it appears that the market will try to break out, and if we can...