AUDUSD Ascending Channel (Aug 16, 2016)

by Kate Curtis | August 16, 2016 4:40 am
AUDUSD has been trending higher, moving inside an ascending channel on its 4-hour chart. Price just bounced off the channel resistance around the .7750 minor psychological mark and could be due for a test of support near...

USD/JPY Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:56 am
The USD/JPY pair fell during the course of the day on Friday, as we continue to see bearish pressure. However, I believe that the 100 level below is massively supportive not only due to the psychological significance...

USD/CAD Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:55 am
The USD/CAD pair fell during the day on Friday, but did bounce a bit towards the end of the day. I believe that this market is still well supported below, and quite frankly oil markets aren’t going...

GBP/USD Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:54 am
The GBP/USD pair initially tried to rally during the course of the day on Friday but turned right back around yet again. This market looks like it is ready to start drifting lower, but that’s the key...

EUR/USD Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:53 am
The EUR/USD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star. As you can see, we are still...

AUD/USD Forecast August 15, 2016, Technical Analysis

by FX Empire | August 15, 2016 9:52 am
The Australian dollar initially tried to rally during the Friday session but back and sold off rather significantly. The shooting star that formed on Wednesday money been your first hint that we were running the trouble but...

EURNZD Descending Channel (Aug 15, 2016)

by Kate Curtis | August 15, 2016 5:20 am
EURNZD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel resistance and might be due for a bounce or a break. The 100 SMA is above...

Markets: Understand the Present to Forecast the Future (Part 2)

by ForexCycle.com | August 14, 2016 2:23 pm
By Elliott Wave International In part 2 of our in-depth interview with Steve Hochberg, Steve explains what else makes Elliott wave analysis so useful and practical. If you missed part 1 of our in-depth interview with Steve...

USDCAD Weekly Analysis – August 14, 2016

by ForexCycle.com | August 14, 2016 2:21 pm
USDCAD stays in the upward price channel on daily chart, and remains in short term uptrend from 1.2654. Near tern support is at the bottom of the channel. As long as the channel support holds, the uptrend...

USDJPY Weekly Analysis – August 14, 2016

by ForexCycle.com | August 14, 2016 2:20 pm
USDJPY stays below the downward trend line on daily chart, and remains in downtrend from 123.75 (Nov 18, 2015 high). As long as the trend line resistance holds, the downtrend could be expected to continue, and next...