USDJPY Channel Breakout? (Feb 10, 2017)

by Kate Curtis | February 10, 2017 5:54 am
USDJPY has been trending lower on its 1-hour time frame, moving inside a descending channel since the start of the year. Price is now testing the channel resistance and might be due for a drop back to...

USDJPY Daily Analysis – February 10, 2017

by ForexCycle.com | February 10, 2017 5:42 am
USDJPY broke above the downward trend line on 4-hour chart, and is now facing the resistance at 113.95. As long as this level holds, the rise from 111.59 could be treated as consolidation of the downtrend from...

GBPUSD Daily Analysis – February 10, 2017

by ForexCycle.com | February 10, 2017 5:41 am
No changed in our view, GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 could be treated as consolidation of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100...

EURUSD Daily Analysis – February 10, 2017

by ForexCycle.com | February 10, 2017 5:41 am
EURUSD is testing 1.0620 support, as long as the pair is above this level, the fall from 1.0828 could be treated as consolidation of the uptrend from 1.0340 and further rise to 1.0900 area is still possible...

Elliott Wave Analysis: Where the RUBBER Meets the Road

by ForexCycle.com | February 10, 2017 5:35 am
By Elliott Wave International There are nearly 50 commodity markets traded all over the world at any given time. That’s one for every state in the United States. So, how is an investor or trader supposed to...

USD/JPY Forecast February 10, 2017, Technical Analysis

by FX Empire | February 10, 2017 5:30 am
The USD/JPY pair broke higher during the day on Thursday, clearing the 112.50 level. A break above the top of the candle for the session well send this market looking towards the 115 handle. Pullbacks should continue...

USD/CAD Forecast February 10, 2017, Technical Analysis

by FX Empire | February 10, 2017 5:29 am
The US dollar went back and forth against the Canadian dollar during the Thursday session, testing the 1.31 level for support in finding it. I believe that if we can break above the top of the range...

GBP/USD Forecast February 10, 2017, Technical Analysis

by FX Empire | February 10, 2017 5:27 am
The British pound went back and forth during the day on Thursday, showing signs of volatility. It looks as the 1.25 level will continue to be supportive, so a break above the top of the candle should...

EUR/USD Forecast February 10, 2017, Technical Analysis

by FX Empire | February 10, 2017 5:26 am
The EUR/USD pair fell during the day on Thursday, breaking below the 50-day exponential moving average. If we can break below the hammer from the Wednesday session, I believe that the EUR/USD pair will continue to drop...