GBP/USD Forecast September 6, 2017, Technical Analysis

by FX Empire | September 6, 2017 6:21 am
The GBP/USD pair initially went sideways during the trading session on Tuesday, but shot higher as we broke above the 1.30 level. The resistance that starts at that level extends to the 1.3050 level, so I think...

EUR/USD Forecast September 6, 2017, Technical Analysis

by FX Empire | September 6, 2017 6:20 am
The EUR/USD pair went sideways initially during the session on Tuesday, but as Americans came back to work, they started buying the EUR. We are now reaching towards the 1.20 level above again, which of course is...

AUD/USD Forecast September 6, 2017, Technical Analysis

by FX Empire | September 6, 2017 6:19 am
The Australian dollar went sideways during the session on Tuesday originally, but then broke above the vital 0.80 level. If we break above this level and stay above it for a daily close, I think this is...

USD/JPY Forecast September 5, 2017, Technical Analysis

by FX Empire | September 5, 2017 6:39 am
The USD/JPY pair gapped lower as word got out that the North Koreans tested a nuclear bomb. We rallied a bit, but have fallen since then. It looks like the market is hovering around the 109.50 level...

USD/CAD Forecast September 5, 2017, Technical Analysis

by FX Empire | September 5, 2017 6:39 am
The USD/CAD pair rallied on Monday, as there was a bit of a “risk off” trade after the North Koreans tested a nuclear bomb. However, the market has recently seen a significant amount of bearish pressure, and...

GBP/USD Forecast September 5, 2017, Technical Analysis

by FX Empire | September 5, 2017 6:37 am
The British pound went sideways initially on Monday, but then dipped slightly to find support, only to bounce again. The Americans were celebrating Labor Day, so most of the action would’ve been during European trading hours. Ultimately,...

EUR/USD Forecast September 5, 2017, Technical Analysis

by FX Empire | September 5, 2017 6:36 am
The EUR/USD pair gapped higher at the open on Monday, ever so slightly. However, we ran into a bit of trouble at the 1.1920 level, and pulled back. As I write this, the market is trying to...

AUD/USD Forecast September 5, 2017, Technical Analysis

by FX Empire | September 5, 2017 6:35 am
The Australian dollar gap lower as the North Koreans tested a nuclear bomb, but then turned around to fill that gap before falling again. I think that the market has significant support near the 0.79 handle, just...

EURCAD Double Top (Sep 05, 2017)

by Kate Curtis | September 5, 2017 2:55 am
EURCAD could be in for a selloff as the pair formed a double top classic reversal pattern and broke below the neckline at the 1.4750 minor psychological level. Price is pulling up to this broken support level,...

USD/JPY Forecast September 4, 2017, Technical Analysis

by FX Empire | September 3, 2017 1:38 am
The USD/JPY pair went sideways during most of the session on Friday, but did dip below the 110 level during the Johnson announcement. Ultimately, this market looks as if it is attracted to the 110 level, so...