EUR/USD Price Forecast December 27, 2017, Technical Analysis

by FX Empire | December 27, 2017 6:45 am
  The EUR/USD pair rallied significantly during the trading session on Tuesday after initially falling. Because of this, the market ended up basically being more noise than anything else, but when I look at the longer-term charts...

AUD/USD Price Forecast December 27, 2017, Technical Analysis

by FX Empire | December 27, 2017 6:44 am
  The Australian dollar drift a little bit lower initially during the trading session on Tuesday, but then bounced slightly to show signs of life again. This market should continue to be a bit quiet over the...

USDCAD Weekly Analysis – December 24, 2017

by ForexCycle.com | December 24, 2017 2:05 pm
After touching 1.2916 resistance, USDCAD pulled back from 1.2920 and continued its sideways movement above 1.2623 key support. As long as 1.2623 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2061,...

USDJPY Weekly Analysis – December 24, 2017

by ForexCycle.com | December 24, 2017 2:04 pm
USDJPY continued its sideways movement in a trading range between 110.84 and 114.73. The sideways movement is likely consolidation of the uptrend from 107.31. As long as 110.84 support holds, the uptrend could be expected to resume,...

AUDUSD Weekly Analysis – December 24, 2017

by ForexCycle.com | December 24, 2017 2:01 pm
AUDUSD is now facing 0.7729 resistance. A breakout of this level will confirm that the downside movement from 0.8124 had completed at 0.7501 already, then further rally towards 0.7897 resistance could be seen. Support levels are at...

GBPUSD Weekly Analysis – December 24, 2017

by ForexCycle.com | December 24, 2017 2:00 pm
GBPUSD stays above a bullish support trend line on the daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 7, 2016 low). As long as the trend line support holds, the price action...

EURUSD Weekly Analysis – December 24, 2017

by ForexCycle.com | December 24, 2017 1:57 pm
EURUSD continued its sideways movement in a trading range between 1.1554 and 1.2092. The sideways move is likely consolidation of the uptrend from 1.0340 (Jan 3 low). As long as 1.1554 support holds, the uptrend could be...

“I Wouldn’t Touch Bitcoin, Risk of Collapse Too Big”

by ForexCycle.com | December 23, 2017 12:16 pm
By Elliott Wave International “Wild” doesn’t begin to describe Bitcoin’s price action. This spring, it traded as low as $1200. Last week, BTC futures topped $20,000. Yesterday (December 21), in an article by newsmax.com, Elliott Prechter warned...

Bitcoin drops almost 40 from Monday’s maximum

by FXStreet | December 22, 2017 3:15 pm
Bitcoin price is falling for the fourth consecutive day and accelerated the decline hours ago. Since the record highs reached on Monday, the price has lost about 40%. Today came to lose $3,000, then moderate the fall....

EURJPY Resistance Retest (Dec 22, 2017)

by Kate Curtis | December 22, 2017 9:49 am
EURJPY recently broke to the upside of its descending channel visible on its 4-hour time frame. Price rallied close to the 135.00 handle before making a pullback and using the Fib tool shows the nearby support levels....