EUR/USD Forecast March 24, 2017, Technical Analysis

by FX Empire | March 24, 2017 8:41 am
EUR/USD daily chart, March 24, 2017 The EUR/USD pair initially fell during the day on Thursday but found the 1.0750 level to be supportive enough to push the sellers away. If we can break above the 1.0840...

AUD/USD Forecast March 24, 2017, Technical Analysis

by FX Empire | March 24, 2017 8:39 am
AUD/USD daily chart, March 24, 2017 The Australian dollar fell during the day, and found the buyers closer to the 0.7650 level. I think that the market is still in a very strong uptrend, and we will...

USDJPY Elliott wave View: More downside

by elliottwave-forecast.com | March 24, 2017 8:00 am
We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....

AUDUSD Elliott Wave View: Pullback in progress

by elliottwave-forecast.com | March 24, 2017 7:46 am
AUDUSD is showing 5 swings sequence from 12/23/2017 low after it managed to break above 02/23 peak so the sequence is bullish against Intermediate wave (X) low (0.7487). The pair did 5 waves impulsive move from 03/09 low  in Minute wave ((a)) which...

EURUSD Ascending Channel (Mar 24, 2017)

by Kate Curtis | March 24, 2017 5:55 am
EURUSD is starting to trend higher on its 1-hour time frame, moving inside an ascending channel and just coming off a bounce from resistance. A pullback to the channel support at the 1.0750 minor psychological level could...

USDJPY Range Break and Retest (Mar 23, 2017)

by Kate Curtis | March 23, 2017 10:52 am
USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order. Price seems to be in the middle of a correction to this area of interest, though, and...

USDJPY Elliott wave View: Mature cycle

by elliottwave-forecast.com | March 23, 2017 8:50 am
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided in 5 impulsive waves....

USD/JPY Forecast March 23, 2017, Technical Analysis

by FX Empire | March 23, 2017 6:10 am
USD/JPY daily chart, March 23, 2017 The USD/JPY pair fell during the day on Wednesday, testing the 200-exponential moving average. If we can bounce from here, that saves a certain amount of bullish pressure in a market...

USD/CAD Forecast March 23, 2017, Technical Analysis

by FX Empire | March 23, 2017 6:07 am
USD/CAD daily chart, March 23, 2017 The USD/CAD pair initially tried to rally on Wednesday, but found enough resistance above the 1.34 level to turn around and form a shooting star. I think we’re going to enter...

GBP/USD Forecast March 23, 2017, Technical Analysis

by FX Empire | March 23, 2017 6:06 am
GBP/USD daily chart, March 23, 2017 The GBP/JPY pair went back and forth during the day on Wednesday, as we tested the 1.25 level for resistance. We ended up forming a somewhat neutral candle, and I believe...