Month: February 2017

USD/JPY Forecast February 9, 2017, Technical Analysis

by FX Empire | February 9, 2017 8:01 am
The USD/JPY pair found the 112.50 level to be resistive enough to keep the market down again during the day on Wednesday. A break above that level should send this market reaching towards the 113.50 level, and...

USD/CAD Forecast February 9, 2017, Technical Analysis

by FX Empire | February 9, 2017 8:00 am
The US dollar fell a bit against the Canadian dollar, but still has a significant amount of support just below current trading levels. Because of this, I believe that it is only a matter of time before...

GBP/USD Forecast February 9, 2017, Technical Analysis

by FX Empire | February 9, 2017 7:59 am
The GBP/USD pair fell initially during the day on Wednesday, but turned around and found quite a bit of support near the 1.25 handle. Because of this, the market looks as if it is going to continue...

EUR/USD Forecast February 9, 2017, Technical Analysis

by FX Empire | February 9, 2017 7:57 am
The EUR/USD pair fell during the session on Wednesday, but found enough support underneath to form a hammer. It looks as if the pair is going to consolidate between the 50-day exponential moving average and the 100-day...

AUD/USD Forecast February 9, 2017, Technical Analysis

by FX Empire | February 9, 2017 7:55 am
The AUD/USD pair rallied during the day on Wednesday, showing signs of life again. This is a market that has recently rallied, and thus it looks as if the 0.75 level is going to continue to be...

EURJPY Channel Pullback (Feb 09, 2017)

by Kate Curtis | February 9, 2017 5:07 am
EURJPY is trending lower after recently breaking below its consolidation pattern with support at 121.00-121.50. Price is now moving inside a descending channel and testing support, possibly setting the stage for a pullback to the resistance.  Applying...