USD/JPY Price Forecast January 19, 2018, Technical Analysis

by FX Empire | January 19, 2018 7:23 am
The US dollar has pulled back a bit during the trading session on Thursday, reaching towards the 111 level. However, this is an area that has offered support and resistance in the past, so it doesn’t surprise...

USD/CAD Price Forecast January 19, 2018, Technical Analysis

by FX Empire | January 19, 2018 7:22 am
Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...

GBP/USD Price Forecast January 19, 2018, Technical Analysis

by FX Empire | January 19, 2018 7:20 am
The British pound has rallied a bit during the Thursday trading session, reaching towards the 1.39 handle. Given enough time, I believe that the market goes looking towards the 1.40 level, which is the major target above....

EUR/USD Price Forecast January 19, 2018, Technical Analysis

by FX Empire | January 19, 2018 7:19 am
The EUR/USD pair rallied a bit during the trading session on Thursday, but it looks as if it is rolling over, making a “lower highs.” That of course is a scenario in which sellers will continue to...

AUD/USD Price Forecast January 19, 2018, Technical Analysis

by FX Empire | January 19, 2018 7:18 am
The Australian dollar rallied during the Thursday trading session, reaching towards the 0.80 level. That’s an area that is massive resistance, going back to the 1980s. We have broken above there recently though, but then broke back...

GBPAUD Area of Interest (Jan 19, 2018)

by Kate Curtis | January 19, 2018 4:35 am
GBPAUD has been trending inside a long-term ascending channel visible on its daily time frame and is testing support at the mid-channel area of interest. This lines up with the 50% Fibonacci retracement level which already seems...

GBPAUD Trend Line Retest (Jan 18, 2018)

by Kate Curtis | January 18, 2018 6:19 am
GBPAUD recently fell through the rising trend line on its 4-hour time frame, indicating that a reversal is in order. Price is showing a pullback now, and applying the Fib tool shows that the 61.8% retracement level...

USD/JPY Price Forecast January 17, 2018, Technical Analysis

by FX Empire | January 17, 2018 10:31 am
The US dollar has gone back and forth during the trading session on Tuesday, as Americans came back to work. I believe that the market is going to deal with the 111-level next, and that’s an area...

GBP/USD Price Forecast January 17, 2018, Technical Analysis

by FX Empire | January 17, 2018 10:29 am
The British pound drifted a bit lower at the open on Tuesday, reaching down towards the 1.3750 level, an area that was resistance in the past. Because of this, I anticipate that the market will probably find...