USD/JPY Forecast October 23, 2017, Technical Analysis

by FX Empire | October 21, 2017 2:00 pm
The US dollar rallied against the Japanese yen during the trading session on Friday, as the finalists for the Federal Reserve Chairman all seem to be hawkish. Because of that, it’s likely that the market will continue...

USD/CAD Forecast October 23, 2017, Technical Analysis

by FX Empire | October 21, 2017 1:59 pm
The US dollar initially trying to bounce around the 1.25 handle, but eventually saw a massive amount of bullish pressure to reach towards the 1.26 handle. We did break above there, and that is a very bullish...

GBP/USD Forecast October 23, 2017, Technical Analysis

by FX Empire | October 21, 2017 1:57 pm
The British pound rallied during the day after initially falling on Friday, as we had first tested the 1.31 handle for support, founded, and then rallied towards the 1.32 handle above. I believe that the 1.3250 level...

EUR/USD Forecast October 23, 2017, Technical Analysis

by FX Empire | October 21, 2017 1:56 pm
The EUR/USD pair broke down significantly during the day on Friday, driving down towards the 1.1775 handle. The US looks likely to have a reasonably hawkish Federal Reserve Chairman going into the future, and it makes sense...

AUD/USD Forecast October 23, 2017, Technical Analysis

by FX Empire | October 21, 2017 1:55 pm
The Australian dollar got hammered during the Friday trading session, dropping almost immediately, rallying a bit, and then breaking down again as the Americans came on board. Most of this would’ve been due to the finalists in...

GBPAUD Broken Triangle Pullback (Oct 20, 2017)

by Kate Curtis | October 20, 2017 5:21 am
GBPAUD recently dropped below the descending triangle support at 1.6800, signaling that further losses are in the cards. Price bounced off the 1.6700 area and might be due for a correction to the broken support. Applying the...

AUDUSD Intra Day Elliott Wave Analysis

by elliottwave-forecast.com | October 19, 2017 2:33 pm
AUDUSD Short Term Elliott Wave view suggests that Primary wave ((W)) ended at 0.7731 on October 6th low. Up from there, Primary wave ((X)) is currently unfolding as a double three Elliott Wave structure. Intermediate Wave (W) of...

USD/JPY Forecast October 19, 2017, Technical Analysis

by FX Empire | October 19, 2017 5:45 am
The USD/JPY pair shot higher during the day on Wednesday, using the 112 level as support. With the impulsive move, I think that the US dollar is ready to continue to go higher, and that this move...

USD/CAD Forecast October 19, 2017, Technical Analysis

by FX Empire | October 19, 2017 5:44 am
The US dollar initially tried to rally on Wednesday, bouncing from the 1.25 level. However, we turned around and fell rather significantly, perhaps helped by a stronger than anticipated drop in US inventories in the crude oil...

GBP/USD Forecast October 19, 2017, Technical Analysis

by FX Empire | October 19, 2017 5:42 am
The GBP/USD pair fell initially during the trading session on Wednesday, slicing through the 1.3175 level, but has found a bit of support. Because of this, I think we are going to bounce and go looking towards...