Silver Sentiment Looks Golden

by ForexCycle.com | November 30, 2016 2:13 pm
By Elliott Wave International Bullish sentiment among silver traders recently fell to 8 percent, the lowest reading since mid-2015. So, sentiment is in the right place for the next big leg in the price pattern.   FREE...

GBP/USD Forecast November 30, 2016, Technical Analysis

by FX Empire | November 30, 2016 6:44 am
The GBP/USD pair rallied at the open on Tuesday, testing the 1.25 handle. This is a market that continues to see a lot of volatility in this area, and as a result I think it can be...

USD/CAD Forecast November 30, 2016, Technical Analysis

by FX Empire | November 30, 2016 6:42 am
The USD/CAD pair rallied on Tuesday, but found a bit of resistance at the 1.35 level above. Because of this, the market looks likely to continue to chop around in general, as we are trying to build...

USD/JPY Forecast November 30, 2016, Technical Analysis

by FX Empire | November 30, 2016 6:41 am
The USD/JPY pair rallied during the day on Tuesday, breaking above the 112.50 level during the day. Ultimately, this is a market that will continue to try to go higher, but it’s likely that we need a...

AUD/USD Forecast November 30, 2016, Technical Analysis

by FX Empire | November 30, 2016 6:40 am
The AUD/USD pair fell during the Tuesday session, but found buyers below the 0.7450 level. We are testing the 0.75 handle, which I believe will be rather resistive. If we see gold markets bounce, then we will...

USDCAD Descending Channel (Nov 30, 2016)

by Kate Curtis | November 30, 2016 4:53 am
USDCAD is still trending lower, moving inside a descending channel on its 1-hour chart and bouncing off resistance. Price is now making its way back down towards support at the 1.3300 to 1.3350 area, although it could...

AUD/USD Forecast November 29, 2016, Technical Analysis

by FX Empire | November 29, 2016 6:30 am
The AUD/USD pair rallied on Monday, testing the 0.75 level above. This is the top of a significant resistance barrier, which is essentially a “zone.” I think that given enough time will get an exhaustive candle that...

USD/JPY Forecast November 29, 2016, Technical Analysis

by FX Empire | November 29, 2016 6:27 am
The USD/JPY pair initially fell on Monday but found enough buyers near the 111 area to turn things around and form a bit of a hammer. A break above the top of the hammer is a bullish...

USD/CAD Forecast November 27, 2016, Technical Analysis

by FX Empire | November 29, 2016 6:26 am
The USD/CAD pair broke down during the session on Monday, as we continue to consolidate between the 1.34 level on the bottom, and the 1.3550 level on the top. Given enough time, I believe that the market...

GBP/USD Forecast November 23, 2016, Technical Analysis

by FX Empire | November 29, 2016 6:25 am
The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t...