EURJPY Channel Pullback (Aug 02, 2016)

by Kate Curtis | August 2, 2016 4:25 am
EURJPY has been trending lower on its 1-hour time frame, moving inside a descending channel formation. Price seems to be finding support at the bottom of the channel and could be due for another test of resistance....

USD/CAD Forecast August 1, 2016, Technical Analysis

by FX Empire | August 1, 2016 6:18 am
The USD/CAD pair fell significantly during the course of the session on Friday, slamming into the 1.30 level. However, I can make an argument for a decent uptrend line just below, and of course oil markets or...

GBP/USD Forecast August 1, 2016, Technical Analysis

by FX Empire | August 1, 2016 6:17 am
The GBP/USD pair rose slightly during the course of the session on Friday, as we continue to go back and forth overall. With this being the case, the market is likely to chop around but I do...

USD/JPY Forecast August 1, 2016, Technical Analysis

by FX Empire | August 1, 2016 6:16 am
The USD/JPY pair broke down during the day on Friday, slicing through the bottom of the hammer from Thursday. Because of this, the market looks as if it is going to try to reach down to the...

EUR/USD Forecast August 1, 2016, Technical Analysis

by FX Empire | August 1, 2016 6:15 am
The EUR/USD pair broke higher during the course of the session on Friday, crashing into the 1.12 level. There is an uptrend line just above though, and I have seen quite a bit of resistance at the...

AUD/USD Forecast August 1, 2016, Technical Analysis

by FX Empire | August 1, 2016 6:15 am
The AUD/USD pair rallied during the day on Friday, breaking the top of a couple of candles previously printed during the week. With this, I believe that the market continues to go higher as we crashed into...

GBPJPY Countertrend Setup (Aug 01, 2016)

by Kate Curtis | August 1, 2016 5:19 am
GBPJPY has been trending lower on its 1-hour time frame, moving inside a descending channel. Price is testing support at the 135.00 major psychological level, which could keep losses in check for now. If so, the pair...