AUDUSD Weekly Analysis – February 26, 2017

by ForexCycle.com | February 26, 2017 1:51 pm
AUDUSD remains in uptrend from 0.7158. Further rise is still possible after a minor consolidation, and next target would be at 0.8000 area. Key support is at 0.7511, only break below this level could bring price back...

GBPUSD Weekly Analysis – February 26, 2017

by ForexCycle.com | February 26, 2017 1:51 pm
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050, as long as these levels hold, the sideways move could be treated as consolidation of the downtrend from...

EURUSD Weekly Analysis – February 26, 2017

by ForexCycle.com | February 26, 2017 1:50 pm
EURUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.1616 (May 3, 2016 high). As long as the channel resistance holds, the downtrend could be expected to resume, and further fall...

USD/JPY Forecast February 27, 2017, Technical Analysis

by FX Empire | February 25, 2017 3:05 pm
The USD/JPY pair initially tried to rally during the day on Friday, but turned around to test the 112 level. Ultimately, the market does see a significant amount of support just below, so having said that it’s...

USD/CAD Forecast February 27, 2017, Technical Analysis

by FX Empire | February 25, 2017 3:04 pm
The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think were to continue to see quite a bit...

GBP/USD Forecast February 27, 2017, Technical Analysis

by FX Empire | February 25, 2017 3:03 pm
The GBP/USD pair fell during the day on Friday, testing the 1.25 level for support. Ultimately, this is a market that should continue to find quite a bit of volatility, the 1.24 level underneath is supportive. We...

EUR/USD Forecast February 27, 2017, Technical Analysis

by FX Empire | February 25, 2017 3:02 pm
The EUR/USD pair initially tried to rally on Friday but found enough resistance to turn around and form a shooting star. This is a very bearish looking market overall, but on the weekly chart we had formed...

AUD/USD Forecast February 27, 2017, Technical Analysis

by FX Empire | February 25, 2017 3:00 pm
The AUD/USD pair fell significantly during the day on Friday but bounced off the 0.7670 area, showing signs that there is plenty of support. We have a lot of resistance above, but given enough time I feel...