EUR/USD Forecast August 9, 2017, Technical Analysis

by FX Empire | August 9, 2017 5:50 am
The EUR/USD pair went sideways during most of the session on Tuesday, testing the 1.18 level for support. As the Americans came on board, the jobs opening number broke above 6 million, and since a lot of money...

AUD/USD Forecast August 9, 2017, Technical Analysis

by FX Empire | August 9, 2017 5:47 am
The Australian dollar initially tried to rally during the day on Tuesday, but found trouble at the 0.7950 or so. The fact that we ran to that level and then fell over, the market should then continue...

AUDNZD Ascending Channel (Aug 09, 2017)

by Kate Curtis | August 9, 2017 3:12 am
AUDNZD made higher highs and higher lows, moving inside an ascending channel on its 1-hour time frame. Price just bounced off the resistance and looks ready for another test of support. Using the Fib tool on the...

USD/JPY Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:31 am
The US dollar softened a bit at the beginning of the session on Monday, but then turned to the upside yet again. It looks as we are going to challenge the 111 handle, and I do believe...

USD/CAD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:30 am
The US dollar has rallied significantly against the Canadian dollar over the last couple of sessions, but has run into a bit of noise at the 1.27 level. I believe this is minor, as there is much...

GBP/USD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:28 am
The British pound went sideways during most of the session on Monday, but did dip a little bit as the Americans came on board. It looks as if we are going to test the 1.30 level underneath,...

EUR/USD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:27 am
The EUR/USD pair had a little bit of volatility during the day on Monday, with a slightly upward bias. However, this is a market that has sold off rather drastically after the jobs figure, and I expect...

AUD/USD Forecast August 8, 2017, Technical Analysis

by FX Empire | August 8, 2017 6:25 am
The Aussie dollar rolled over a bit during the early Monday session, as the 0.7950 level has offered a bit too much in the way of resistance. Interestingly enough, it is roughly the 50% Fibonacci retracement level...

USDCHF Descending Channel (Aug 08, 2017)

by Kate Curtis | August 8, 2017 4:41 am
USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that’s been holding since November last year. Price has bounced off support and is on its way to test the...

USDCAD Descending Channel (Feb 5, 2018)

by Kate Curtis | August 7, 2017 3:07 am
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...