GBP/USD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:28 am
The British pound went sideways during most of the session on Monday, but did dip a little bit as the Americans came on board. It looks as if we are going to test the 1.30 level underneath,...

EUR/USD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:27 am
The EUR/USD pair had a little bit of volatility during the day on Monday, with a slightly upward bias. However, this is a market that has sold off rather drastically after the jobs figure, and I expect...

AUD/USD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:25 am
The Aussie dollar rolled over a bit during the early Monday session, as the 0.7950 level has offered a bit too much in the way of resistance. Interestingly enough, it is roughly the 50% Fibonacci retracement level...

USDCHF Descending Channel (Aug 08, 2017)

by Kate Curtis | August 8, 2017 4:41 am
USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that’s been holding since November last year. Price has bounced off support and is on its way to test the...

Top 3 Technical Tools Part 1: Japanese Candlesticks

by ForexCycle.com | August 8, 2017 4:06 am
By Elliott Wave International “I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for making a forecast and...

USDCAD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 4:02 am
USDCAD’s short term uptrend from 1.2413 extended to as high as 1.2714. As long as the price is above the rising trend line on its 4-hour chart, the uptrend could be expected to continue and next target...

USDJPY Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 4:01 am
USDJPY stays in a descending price channel on its 4-hour chart and remains in the downtrend 114.49. As long as the channel resistance holds, the rise from 109.83 could be treated as consolidation of the downtrend, and...

AUDUSD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 4:00 am
AUDUSD is facing 0.7875 key support. A breakdown below this level will indicate that the uptrend from 0.7571 had completed at 0.8065 already, then the following correction pullback could bring price back into 0.7750 zone. However, as...

GBPUSD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 3:59 am
GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the...

EURUSD Daily Analysis – August 8, 2017

by ForexCycle.com | August 8, 2017 3:59 am
EURUSD stays in a bullish price channel on its 4-hour chart, indicating that the pair remains in the uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue...