GBPUSD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:36 am
GBPUSD is facing the key support at 1.2756. A breakdown below this level will indicate that the upward movement from 1.2109 had completed at 1.3047 already, this could trigger another fall to test 1.1946 support. On the...

EURUSD Weekly Analysis – June 3, 2017

by ForexCycle.com | June 3, 2017 6:34 am
EURUSD continued its bullish movement from 1.0569 and the rise extended to as high as 1.1285. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish move could be expected...

USD/JPY Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:13 am
The US dollar rallied at the open on Friday, but you can see fell apart against the Japanese yen as we went into the trading day. This was mainly due to the jobs number being a disappointment...

USD/CAD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:12 am
The USD/CAD pair initially tried to rally on Friday, but turned right back around as the jobs number was so soft. We broke below the 1.35 handle, and that suggests that we are going to continue to...

GBP/USD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:08 am
The GBP/USD pair initially fell during the day on Friday, and saw quite a bit of volatility after the jobs number came out in the United States less than anticipated. We now find the market hanging about...

EUR/USD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:08 am
The EUR/USD pair exploded to the upside after a less than stellar jobs number coming out of the United States. The Friday session was very bullish, and it now looks as if we are going to continue...

AUD/USD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:06 am
The AUD/USD pair exploded to the upside on Friday, and reaction to the weaker than anticipated jobs number coming out of the United States. By breaking through the 0.74 level, we now find this market trying to...

Ethereum Elliott Wave view showing path for Bitcoin

by elliottwave-forecast.com | June 2, 2017 1:55 pm
Ethereum is an open-source blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also...

EURJPY Elliott Wave: Short term Pullback

by elliottwave-forecast.com | June 2, 2017 9:59 am
Short Term EURJPY Elliott Wave view suggests the rally from 4/16 low is unfolding as a double three Elliott Wave structure. Up from 4/16 (114.8) low, Intermediate wave (W) ended at 125.81 and Intermediate wave (X) ended at 122.53. A...

EURUSD Might be Forming a Double Bottom Pattern

by ForexCycle.com | June 2, 2017 8:18 am
EURUSD might be forming a double bottom pattern on its weekly chart. The first bottom is at the March 2015 low of 1.0462, the second bottom is at the January 2017 low of 1.0340, and the neckline...