USD/JPY Forecast May 29, 2017, Technical Analysis

by FX Empire | May 27, 2017 5:50 am
The USD/JPY pair fell significantly during the course of the session on Friday, dropping all the way down to the 110.80 level. We bounced off of their to form a rather bullish move, but ultimately I think...

USD/CAD Forecast May 29, 2017, Technical Analysis

by FX Empire | May 27, 2017 5:48 am
The USD/CAD pair had a volatile session as we fell during Friday’s trading. However, there is a certain amount of choppiness in this pair as it is highly influenced by crude oil markets, which of course have...

GBP/USD Forecast May 29, 2017, Technical Analysis

by FX Empire | May 27, 2017 5:47 am
The British pound fell apart during the session on Friday, as election polls are starting to throw down into what the election results will be. This being the case, there are a lot of questions as to...

EUR/USD Forecast May 29, 2017, Technical Analysis

by FX Empire | May 27, 2017 5:45 am
The EUR/USD pair had a negative session on Friday after initially tried to rally. This is a market that will continue to be very volatile, as we have the Federal Reserve raising interest rates on one side...

AUD/USD Forecast May 29, 2017, Technical Analysis

by FX Empire | May 27, 2017 5:44 am
The AUD/USD pair fell during the day on Friday, but then bounced significant only to turn around yet again. The Australian dollar has been struggling for some time, and it makes sense that we will continue to...

ES_F E-Mini S&P500 Elliott Wave: Ending wave (iii)

by elliottwave-forecast.com | May 26, 2017 12:17 pm
  Short Term Elliott Wave view in ES_F E-Mini S&P500 suggests the rally to 2403.75 ended Minor wave A. Minor wave B unfolded as an Expanded Flat Elliott Wave structure where Minute wave ((a)) ended at 2379, Minute wave ((b)) ended at 2404.5,...

USDCNH Broke Below 6.8680 Key Support

by ForexCycle.com | May 26, 2017 5:43 am
After breaking below the lower support trend line of the triangle patter on the daily chart, USDCNH continued to break through the 6.8680 key support, indicating that the bearish movement from the January 3 high of 6.9867...

Short-term Reversal on GBPAUD (May 26, 2017)

by Kate Curtis | May 26, 2017 5:27 am
GBPAUD failed in its last two attempts to break below support around 1.7275, creating a double bottom pattern with the neckline at 1.7415. Price has yet to break past the neckline before confirming this reversal formation but...

USD/JPY Forecast May 26, 2017, Technical Analysis

by FX Empire | May 26, 2017 5:18 am
The USD/JPY pair spent most of the day grinding higher, as Thursday was relatively bullish. We bounced off of the 111.50 level, an area that is offering support, but I also see a significant amount of resistance...

USD/CAD Forecast May 26, 2017, Technical Analysis

by FX Empire | May 26, 2017 5:17 am
The US dollar fell initially during the session on Thursday against the Canadian dollar, but the OPEC announcement came out today that the production cuts have been extended by 9 months. While this is something that the...