USD/JPY Forecast June 26, 2017, Technical Analysis

by FX Empire | June 24, 2017 11:26 am
The US dollar went sideways during the day on Friday, grinding around just above the 111 level, an area that has been supportive over the last several sessions. Because of this, I believe that the buyers will...

USD/CAD Forecast June 26, 2017, Technical Analysis

by FX Empire | June 24, 2017 11:24 am
The USD/CAD pair went sideways initially during the day on Friday, but continues to find support at the 1.32 level. That being the case, the market looks as if it’s ready to break out to the upside,...

GBP/USD Forecast June 26, 2017, Technical Analysis

by FX Empire | June 24, 2017 11:22 am
The British pound rallied a bit during the day on Friday, breaking above the 1.27 handle. The British pound continues to pick up a little bit of bullish pressure, and the market should go looking for the...

EUR/USD Forecast June 26, 2017, Technical Analysis

by FX Empire | June 24, 2017 11:21 am
The EUR/USD pair has rallied significantly during the day on Friday, breaking above the 1.1175 handle. In doing so, it looks as if we’re going to go looking for the 1.12 level. That is an area that...

AUD/USD Forecast June 26, 2017, Technical Analysis

by FX Empire | June 24, 2017 10:43 am
The Australian dollar shut higher during the day on Friday, slicing through the 0.7550 level. Having said that, we rallied enough to overextend herself, and then pulled back to find support. That being the case, looks as...

DJI Futures Elliott Wave Analysis: Pull back in progress

by elliottwave-forecast.com | June 23, 2017 12:39 pm
Short term YM (DJI Futures) Elliott Wave view suggests the rally from 4/19 low is unfolding as a diagonal Elliott Wave structure where Minor wave 1 ended at 21010 (4/26), Minor wave 2 ended at 20474 (5/18), Minor wave 3 ended at...

EURJPY Descending Channel (Jun 23, 2017)

by Kate Curtis | June 23, 2017 5:03 am
EURJPY is trending lower on its 4-hour time frame and is currently testing the resistance of its falling channel. If the 124.00 handle holds as resistance, the pair could slide back to support at the 122.00 handle....

DAX Elliott Wave Analysis: Pullback Completed

by elliottwave-forecast.com | June 22, 2017 9:49 am
Short term DAX Elliott Wave view suggests the rally from 5/18 is unfolding as a double three Elliott Wave structure. Minute wave ((w)) ended at 12879.5 and Minute wave ((x)) pullback ended at 12617. Internal of Minute wave ((x)) subdivided...

USD/JPY Forecast June 22, 2017, Technical Analysis

by FX Empire | June 22, 2017 5:55 am
The USD/JPY pair initially dipped on Wednesday, but then found enough buying pressure to reach towards the 111.75 level. As I write this, it looks as if we are trying to pull back a bit, but the...

USD/CAD Forecast June 22, 2017, Technical Analysis

by FX Empire | June 22, 2017 5:54 am
The USD/CAD pair went sideways with a slightly upward bias during the day, but as the market broke above the 1.33 level, the market exploded to the upside and continues to feed on the downward pressure in...