USD/CAD Forecast February 16, 2017, Technical Analysis

by FX Empire | February 16, 2017 6:09 am
The USD/CAD pair initially tried to rally during the day on Wednesday, but found the 1.31 level to be a bit too resistive. We turned around, and I believe this signifies that we’re going to bounce around...

GBP/USD Forecast February 16, 2017, Technical Analysis

by FX Empire | February 16, 2017 6:08 am
The GBP/USD pair initially fell during the day on Wednesday, but turned around to form a hammer. The hammer of course is a bullish sign, and I believe that the hammer gives us an opportunity to buy...

EUR/USD Forecast February 16, 2017, Technical Analysis

by FX Empire | February 16, 2017 6:07 am
The EUR/USD pair fell initially during the day on Wednesday, but found enough support of the 1.05 level to bounce and form a hammer. This of course is a bullish sign and I think that the market...

AUD/USD Forecast February 16, 2017, Technical Analysis

by FX Empire | February 16, 2017 6:06 am
The AUD/USD pair initially fell on Wednesday, but found enough support to turn things around and break out to a fresh, new high. Because of this, I think we’re going to try to reach towards the 0.7750...

AUDUSD Countertrend Play (Feb 16, 2017)

by Kate Curtis | February 16, 2017 5:52 am
AUDUSD has been trending higher on its short-term time frames, moving inside an ascending channel on its 1-hour chart. Price is currently testing the resistance at the .7700 major psychological level and might be due for a...

USDJPY Daily Analysis – February 16, 2017

by ForexCycle.com | February 16, 2017 3:19 am
USDJPY broke above the resistance of the price channel on 4-hour chart. Further rise to test 115.62 resistance is possible. As long as this level holds, the price action from 112.56 could be treated as consolidation of...

AUDUSD Daily Analysis – February 16, 2017

by ForexCycle.com | February 16, 2017 3:19 am
AUDUSD broke above 0.7695 resistance and continued its upward movement from 0.7159 (Dec 26, 2016 low). Further rise could be expected in a couple of days, and next target would be at 0.7800 area. Key support is...

EURUSD Daily Analysis – February 16, 2017

by ForexCycle.com | February 16, 2017 3:18 am
EURUSD broke above the downward trend line on 4-hour chart, implying that the downtrend from 1.0828 had completed at 1.0521 already. Further rise would likely be seen in a couple of days and the target would be...