USD/CAD Forecast March 3, 2017, Technical Analysis

by FX Empire | March 3, 2017 8:30 am
The USD/CAD pair rallied again during the day on Thursday, breaking above the top of the shooting star from Wednesday. This is a very bullish sign, and it should send this market higher. Pullbacks should have plenty...

GBP/USD Forecast March 3, 2017, Technical Analysis

by FX Empire | March 3, 2017 8:29 am
The GBP/USD currency pair fell during the day on Thursday, testing the 1.2250 level. This is an area that has been a bit of minor support and resistance in the past, so a bounce from here is...

EUR/USD Forecast March 3, 2017, Technical Analysis

by FX Empire | March 3, 2017 8:28 am
The EUR/USD pair fell during the Thursday session, testing the 1.05 level for support. It did find a little bit there, so it’s likely that the market will bounce, but I would suggest that the bounces are...

AUD/USD Forecast March 3, 2017, Technical Analysis

by FX Empire | March 3, 2017 8:26 am
The AUD/USD pair broke down significantly during the day on Thursday, forming a very bearish candle. However, there are still plenty of support underneath current trading levels, and extending all the way down to the 0.75 handle....

EURAUD Long-Term Selloff (Mar 03, 2017)

by Kate Curtis | March 3, 2017 7:02 am
EURAUD has been trending lower on its daily time frame, moving below a descending trend line connecting the latest highs of price action. Price bounced off a low of 1.3625 and looks ready for a pullback to...

USDCAD Daily Analysis – March 3, 2017

by ForexCycle.com | March 3, 2017 4:15 am
USDCAD’s upward movement from 1.3009 extended to as high as 1.3401. Further rise could be expected after a minor consolidation, and next target would be at 1.3500 area. Support is at 1.3300, as long as this level...

USDJPY Daily Analysis – March 3, 2017

by ForexCycle.com | March 3, 2017 4:14 am
USDJPY is facing 114.95 resistance, a break of this level will signal completion of the downtrend from 118.66 (Dec 15, 2016 high), then the following upward movement could bring price to 117.50 area. Support is at 113.45,...

AUDUSD Daily Analysis – March 3, 2017

by ForexCycle.com | March 3, 2017 4:14 am
AUDUSD broke below 0.7605 key support, indicating that the uptrend from 0.7159 (Dec 26, 2016 low) had completed at 0.7740 already. Further decline could be expected after a minor consolidation and next target would be at 0.7400...

GBPUSD Daily Analysis – March 3, 2017

by ForexCycle.com | March 3, 2017 4:13 am
GBPUSD’s downward movement from 1.2569 extended to as low as 1.2241. Further decline could be expected after a minor consolidation, and next target would be at 1.2100 area. Resistance is at 1.2340, as long as this level...