GBP/USD Forecast June 20, 2017, Technical Analysis

by FX Empire | June 20, 2017 4:28 am
The British pound initially trying to rally during the day on Monday but found enough resistance to the 1.28 level to turn around and fall. However, I think that the 1.27 level underneath is going to offer...

EUR/USD Forecast June 20, 2017, Technical Analysis

by FX Empire | June 20, 2017 4:26 am
The EUR/USD pair went sideways most of the session on Monday, but once the Americans took control of the marketplace, we fell significantly, testing the 1.1150 level underneath. There is a certain amount of noise just below,...

AUD/USD Forecast June 20, 2017, Technical Analysis

by FX Empire | June 20, 2017 4:25 am
The Australian dollar fell slightly during the day on Monday, reaching towards the 0.76 level, and finding buyers underneath. I think that the slight bounce that showed signs of weakness shows that the market is probably going...

USDCAD Daily Analysis – June 20, 2017

by ForexCycle.com | June 20, 2017 2:03 am
USDCAD stays in the trading range between 1.3164 and 1.3308. As long as 1.3308 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3537 and further fall to 1.3050...

USDJPY Daily Analysis – June 20, 2017

by ForexCycle.com | June 20, 2017 2:02 am
USDJPY’s bullish movement from 108.81 extended to as high as 111.77. Near term support is at 110.64, as long as this level holds, the bullish movement could be expected to continue and next target would be at...

AUDUSD Daily Analysis – June 20, 2017

by ForexCycle.com | June 20, 2017 2:01 am
AUDUSD is forming a sideways movement in a range between 0.7567 and 0.7635. Near term support is at 0.7567, as long as this level holds, the uptrend from 0.7371 could be expected to continue and further rise...

GBPUSD Daily Analysis – June 20, 2017

by ForexCycle.com | June 20, 2017 2:01 am
GBPUSD failed to break above 12817 resistance and stays in the trading range between 1.2634 and 1.2817. As long as 1.2817 resistance holds, the price action in the trading range could be treated as consolidation of the...

EURUSD Daily Analysis – June 20, 2017

by ForexCycle.com | June 20, 2017 2:00 am
EURUSD continued its sideways movement in a range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low),...

Bullish Palladium Supporting Commodities

by elliottwave-forecast.com | June 19, 2017 1:33 pm
The world is hooked on ‘Palladium’ because of its uses as an industrial metal and catalyst, the consumers are mainly automobile producers as it’s widely used in gasoline-based engine cars to curb harmful emissions from vehicles. Palladium...

USDJPY Broke Above Trend Line Resistance

by ForexCycle.com | June 19, 2017 5:55 am
The USDJPY pair failed to break below the April 17 low of 108.13 and recently moved above the bearish trend line from 111.71 to 110.81 at 110.15 on its 4-hour chart, suggesting that the bearish movement from...