AUD/USD Forecast February 6, 2017, Technical Analysis
The AUD/USD pair initially fell on Friday, but as you can see turned around to form a bit of a hammer. It looks as if the market is going to reach towards the 0.7750 level above, although...
Author: FX Empire
USD/JPY Forecast February 3, 2017, Technical Analysis
The USD/JPY pair fell initially during the session on Thursday, but continues to find the 112.50 level to be supportive enough to keep the market somewhat afloat. I believe that the support runs all the way down...
USD/CAD Forecast February 3, 2017, Technical Analysis
The USD/CAD pair fell initially on Thursday, but found enough support underneath the 1.30 level to form a hammer. This makes quite a bit of sense, because we the jobs number coming out today and it would...
GBP/USD Forecast February 3, 2017, Technical Analysis
The GBP/USD pair initially rallied during the day on Thursday, but found enough selling pressure to reach towards the 1.25 handle. We’ve seen quite a bit of volatility in the British pound over the last 24 hours,...
EUR/USD Forecast February 3, 2017, Technical Analysis
The EUR/USD pair rallied during the day on Thursday, as the 100-exponential moving average is offering support. We did give back a little bit of the gains, but I think given enough time we will continue to...
AUD/USD Forecast February 3, 2017, Technical Analysis
The AUD/USD pair continues to show strength, as we broke out during the day on Thursday. However, we did get a little bit overextended so I feel that the market will probably drop from here to find...
USD/JPY Forecast February 1, 2017, Technical Analysis
The USD/JPY pair broke down during the day on Tuesday, testing the 112.50 handle. There has been a bit of a push back just below there, so will be interesting to see whether we can bounce from...
USD/CAD Forecast February 1, 2017, Technical Analysis
The US dollar sliced through the 1.30 level against the Canadian dollar during the session on Tuesday, but bounced enough to show signs of life. However, today we get the Crude Oil Inventories announcements coming out of...
GBP/USD Forecast February 1, 2017, Technical Analysis
The GBP/USD pair initially fell on Tuesday, but turned around and broke above the 1.25 level during the day. The market looks as if it is ready to reach towards the 1.2750 level above. The market has...
EUR/USD Forecast February 1, 2017, Technical Analysis
The EUR/USD pair broke higher during the Tuesday session, reaching above the 100-exponential moving average late in the session. There is a significant amount of bullish pressure underneath, so given enough time the market should then reach...