GBP/USD Forecast January 10, 2017, Technical Analysis

by FX Empire | January 10, 2017 6:45 am
The GBP/USD pair fell again on Tuesday, breaking down to make a fresh, new low. Although we did bounce towards the end of the session, I think this clearly suggests that we are going to make a...

EUR/USD Forecast January 10, 2017, Technical Analysis

by FX Empire | January 10, 2017 6:44 am
The EUR/USD pair had a positive reaction to testing the 1.05 level, forming a green candle. By doing so, looks as we continue to see lots of volatility but I still think that the 1.07 level above...

AUD/USD Forecast January 10, 2017, Technical Analysis

by FX Empire | January 10, 2017 6:43 am
The AUD/USD pair bounced off the 0.73 level during the session on Monday, showing signs of massive support. By doing so, the market looks as if it is ready to continue trying to rally, but given enough...

EURAUD Resistance Turned Support (Jan 10, 2017)

by Kate Curtis | January 10, 2017 3:22 am
EURAUD recently broke past resistance at the 1.4400 major psychological level and zoomed up to the 1.4700 area. Price has since pulled back and is currently testing the broken resistance at the 50% Fibonacci retracement level.  ...

Test Your Knowledge: Find the Clear Wave Pattern on this Chart

by ForexCycle.com | January 10, 2017 3:09 am
By Elliott Wave International Do you see a pattern you recognize in this chart of Reynolds American (RAI)? The Wave Principle separates price action into two categories: motive and corrective, and this price chart has a clear...

USDCAD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:06 am
USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next...

AUDUSD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:05 am
AUDUSD remains in uptrend from 0.7159. Further rise could be expected and next target would be at 0.7450 area. Support is at 0.7287, only break below this level could signal completion of the uptrend.

GBPUSD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:05 am
GBPUSD broke below 1.2199 support and continued its downward movement from 1.2774. Further decline could be expected, and next target would be at 1.2000 area. Resistance levels are at 1.2300 and 1.2432, only break above these levels...

EURUSD Daily Analysis – January 10, 2017

by ForexCycle.com | January 10, 2017 3:04 am
EURUSD is facing 1.0653 resistance, a break of this level will indicate that the pair is in uptrend from 1.0340, then further rise to 1.0800 area could be seen. Near term support is at 1.0475, only break...