USD/JPY Forecast February 8, 2017, Technical Analysis

by FX Empire | February 8, 2017 7:47 am
The USD/JPY pair broke higher during the Tuesday session, reaching towards the 112.50 level. If we can close above there, that would be a very bullish sign and should send this market looking for the 115 handle...

USD/CAD Forecast February 8, 2017, Technical Analysis

by FX Empire | February 8, 2017 7:46 am
The USD/CAD pair rallied during the day on Tuesday, breaking above the 1.31 handle again. In fact, we reached all the way to the 1.32 handle, and with the Crude Oil Inventories number coming out during the...

GBP/USD Forecast February 8, 2017, Technical Analysis

by FX Empire | February 8, 2017 7:45 am
The British pound fell rather hard during the day on Tuesday against the US dollar, as the 1.25 level offered too much resistance. However, I do see that there is another support level down at the 1.2250...

EUR/USD Forecast February 8, 2017, Technical Analysis

by FX Empire | February 8, 2017 7:43 am
The EUR/USD pair broke down on Tuesday, as the 1.0750 level offered quite a bit of resistance. The market formed a very negative looking candle, and we are now testing the bottom of the 50-day exponential moving...

AUD/USD Forecast February 8, 2017, Technical Analysis

by FX Empire | February 8, 2017 7:42 am
The Australian dollar fell a bit during the session on Tuesday, testing the 0.76 level underneath. We found a bit of support there, and the market bounced enough to show signs of volatility. I believe longer-term the...

USDCAD Falling Wedge (Feb 08, 2017)

by Kate Curtis | February 8, 2017 6:34 am
USDCAD has formed lower highs and lower lows recently, creating a falling wedge chart pattern visible on the 4-hour chart. Price is currently testing the wedge resistance and may be due for a move back to support....

USDCAD Daily Analysis – February 8, 2017

by ForexCycle.com | February 8, 2017 3:50 am
USDCAD broke above 1.3168 resistance, indicating that the downtrend from 1.3387 had completed at 1.2968 already. Further rise could be expected in a couple of days, and the target would be at 1.3300 area.